Census Bureau: Small Business Pulse Survey Phase 5 Weekly Data Released
The U.S. Census Bureau today released new data from the fifth phase of the Small Business Pulse Survey (SBPS). Data collection began May 17. Results will be released weekly May 27 to July 22. The SBPS includes questions on small business operations and finances, requests and receipt of assistance, COVID-19 vaccinations and testing, measures of overall well-being, and…
FHFA: Latest Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2020. Borrower outcomes reflect NPLs sold through June 30th, 2020 and reported through December 31,…
CFPB: New Report Finds that Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks and Barriers to Credit
Consumers tend to be rural and lower income, and those who do not own the underlying land have the greatest challenges Today the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing, a vital source of lending for millions of manufactured housing homeowners. Manufactured housing is a small…
EDA: $12.8 Million Invested to Establish the Marine Business, Research & Innovation Center in Cieba, Puerto Rico
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $12.8 million grant to Local Redevelopment Authority for Roosevelt Roads, San Juan, Puerto Rico, to construct and establish the Marine Business, Research & Innovation Center (MBRIC). This EDA grant, to be matched with $3.2 million in…
EDA: $5.8 Million in CARES Act Recovery Assistance Invested to Support Workforce and Entrepreneurial Development in Illinois
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $5.8 million in CARES Act Recovery Assistance grants to help the state of Illinois prevent, prepare for, and respond to coronavirus. “The Biden Administration is committed to unleashing the full power of the federal government to help…
EDA: $4.4 Million in CARES Act Recovery Assistance Invested to Support Broadband Expansion and Increase Shipbuilding Capacity in Wisconsin
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $4.4 million in CARES Act Recovery Assistance grants to help the state of Wisconsin prevent, prepare for, and respond to coronavirus. “President Biden is committed to empowering communities to build back stronger after the economic disruptions of…
EDA: $3.8 Million Invested to Support Job Growth and Economic Diversification Efforts in Plymouth, MA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million grant to the town of Plymouth, Massachusetts, to make water infrastructure improvements needed to attract new industries and jobs. The EDA grant, to be matched with $1.3 million in local funds, is expected to…
EDA: $1.9 Million Invested for Water Infrastructure Improvements Needed to Boost Manufacturing and Create New Jobs in Eastern Kentucky
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to the Pike County Fiscal Court, Pikeville, Kentucky, to construct water and sewer infrastructure at Wolfpit Industrial Park to support the growth of Eastern Kentucky’s manufacturing sector. This EDA grant, to be matched…
EDA: $1.4 Million Invested to Advance the Nuclear Technology Industry in the Southeastern United Stated
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to E4 Carolinas, Inc., Charlotte, North Carolina, to support a research and planning project designed to promote the nuclear technology industry and its economic benefits in South Carolina and throughout the Southeast. The…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Business Expansion and Growth in Cleveland, MS
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the city of Cleveland, Mississippi, to construct critical water infrastructure needed to accommodate the expansion of a major healthcare manufacturing company and support future business needs. This EDA…