EDA: $3.9 Million Invested to Support Carbon Manufacturing Industry in Pineville, WV
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.9 million grant to the Wyoming County Economic Development Authority, Pineville, West Virginia, to construct three buildings needed to support manufacturing in the Barkers Creek Industrial Park. This project will support a new industry in carbon…
EDA: $2.1 Million Invested to Support Manufacturing Expansion in Okmulgee, OK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to the Okmulgee Area Development Corporation, Okmulgee, Oklahoma, for road, utility and drainage infrastructure needed to complete the Okmulgee Business Complex. This project will help redevelop a brownfield site to attract manufacturing businesses…
EDA: $2 Million Invested to Bolster Healthcare Training at the University of Arkansas Community College at Morrilton
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the University of Arkansas Community College at Morrilton (UACCM), Morrilton, Arkansas, to build a new Allied Health and Science Center. This project will consolidate the school’s health professional training programs into one…
EDA: $1.5 Million Invested for Industrial Park Development to Support Business Growth in Weslaco, TX
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the Weslaco Economic Development Corporation, Weslaco, Texas, to provide critical infrastructure in support of the new Mid Valley International Industrial Park. This project will support commercial, industrial, cold storage, and warehousing businesses…
EDA: $46 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 27, 2022 – U.S. Department of Commerce Invests $3.3 Million in American Rescue Plan Funds for Infrastructure Upgrades to Support Business and Job Growth in Douglas, Massachusetts July 27, 2022 – U.S. Department of Commerce…
OCC: Infographics on CRA Modernization Proposed Rule Issued
The Office of the Comptroller of the Currency (OCC) today released a series of infographics to promote comment on the interagency notice of proposed rulemaking (NPR) to modernize and strengthen the Community Reinvestment Act (CRA). The infographics include key information from the CRA NPR on performance standards; data collection, maintenance and reporting; assessment areas; community…
OCC: Policy Statement on Minority Depository Institutions Updated
The Office of the Comptroller of the Currency (OCC) today announced it is revising its 2013 policy statement for minority depository institutions (MDI) to update and streamline descriptions of its policies, procedures, and programs. The statement also describes the range of programs the OCC has in place to preserve and support MDIs. The OCC witnessed…
CFPB: Analysis Published on Potential Impacts of Medical Debt Credit Reporting Changes
Removing Paid Collections Will Have Limited Benefit Across Consumer Groups Today, the Consumer Financial Protection Bureau (CFPB) published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion – will affect people who have allegedly unpaid medical debt on their credit reports. Nearly half of those…
HUD and Census Bureau: New Residential Sales Report for June 2022 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for June 2022: New Home Sales Sales of new single‐family houses in June 2022 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly by the U.S. Census Bureau…
FHFA: House Price Index Up 1.4 Percent in May; Up 18.3 Percent from 2021
House prices rose nationwide in May, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.3 percent from May 2021 to May 2022. The previously reported 1.6 percent price change for April 2022 was revised downward to 1.5 percent.. For the nine census…