EDA: $1.8 Million Invested to Support Business Retention and Growth in Kailua-Kona, HI
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the Natural Energy Lab of Hawaii (NELHA), Kailua-Kona, Hawaii, to support business retention and growth initiatives at a sustainable technology park. The EDA grant, to be matched with $459,658 in local investment, is…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Boost Workforce Development at Spoon River College in Illinois
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to Spoon River College, Canton, Illinois, to purchase training equipment and renovate the college’s Vocational & Technical Education Center (VOTEC). This EDA grant is expected to create 275 jobs, retain…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Support Trail Improvements and Promote Tourism in Covington, VA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to the County of Alleghany, Covington, Virginia, for trail improvements along the Jackson River and to bolster the local tourism economy. This EDA grant, to be matched with $600,000 in…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Assist Disadvantaged Businesses and Entrepreneurs in Bluefield, WV
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to the Center for Applied Research and Technology (CART), Bluefield, West Virginia, to provide critical gap financing to disadvantaged businesses and entrepreneurs. This EDA grant, to be matched with $273,750…
ABA: Report Shows Consumer Credit Recovery Continued in Fourth Quarter of 2020
The consumer credit recovery continued in the fourth quarter of 2020, building off trends established last fall, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Monthly purchase volumes improved across risk groups for the second consecutive quarter as the share of Revolvers (those who carry over a monthly balance) hit a…
SBA: Application Data Results Announced for the Restaurant Revitalization Fund
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, today is announcing the latest application data results for the $28.6 billion Restaurant Revitalization Fund (RRF), passed as part of the American Rescue Plan, and signed into law by President Joe Biden. The RRF has received more than 147,000 applications from women, veterans, and socially and…
Census Bureau: COVID-19 TOPx Solutions Virtual Showcase Scheduled for May 25th
This virtual event will showcase digital products created through the COVID-19 TOPx Technology Development Sprint with input from leading government and industry experts. TOPx, modeled on The Opportunity Project (TOP), is an innovation program led by Census Open Innovation Labs at the U.S. Census Bureau. Through technology development sprints, TOPx engages government, technology experts and communities to co-create digital products for the public…
FDIC: 2021 Risk Review Published
The Federal Deposit Insurance Corporation (FDIC) today published its 2021 Risk Review, a comprehensive summary of emerging risks in the U.S. banking system. The FDIC began reporting key banking sector risks in its Risk Review publication in 2019, and this year’s report expands coverage of key risks during a time of heightened uncertainty. “The U.S. economy…
SBA: 16,000 Restaurant Revitalization Fund Awards Funded
First wave of approved restaurant applicants to receive vital American Rescue Plan funding just one week after the SBA opened for applications Today, the U.S. Small Business Administration will begin delivering economic relief from the Restaurant Revitalization Fund, established by the American Rescue Plan and signed into law by President Joe Biden, to more than 16,000 approved…
FDIC: FDiTech Announces New Deputy Director of Office of Innovation
The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of Zunera Mazhar as Deputy Director of the agency’s Office of Innovation. Ms. Mazhar will guide the agency’s work to promote the adoption of innovative technologies within the FDIC and across the financial services sector. “I am extremely excited that Zunera will be joining our…