USDA and EDA Launch Resource Guide to Boost Economic Development in Rural Communities
U.S. Department of Agriculture (USDA) Rural Development Under Secretary Xochitl Torres Small and U.S. Economic Development Administration (EDA) Assistant Secretary Alejandra Y. Castillo today released a joint resource guide to help community organizations access USDA and EDA resources to build strategies to boost economic development in rural America. “America’s rural communities are critical to the success of…
EDA: $7 Million Invested to Make Critical Improvements to Maritime Infrastructure in Port Townsend, WA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7 million grant to the Port of Port Townsend, Washington, to fund the replacement of the Point Hudson Breakwaters. This project will restore storm-damaged maritime infrastructure needed to develop the economic resilience of the region to…
EDA: $2 Million Invested to Support Innovation and Technology Entreprenerus in Akron, OH
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 city of Akron, Ohio, to expand and renovate its Bounce Innovation Hub, a business incubator facility. This investment will support more than 60 start-up businesses and entrepreneurs at the incubator through…
EDA: $1.6 Million Invested to Boost Business and Job Growth in Goldsby, OK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the town of Goldsby, Oklahoma, to build a wastewater infrastructure system. This grant will provide a sanitary sewer system to support industry and business development in the region. This EDA project will…
EDA: $1.4 Million Invested to Support Entrepreneurial Growth in Central Michigan
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 Central Michigan University, Mount Pleasant, Michigan, for renovations to the Central Michigan University Research Corporation incubator and accelerator. This investment will support local entrepreneurs through office renovation and upgrades to provide a…
EDA: Over $49 Million in American Rescue Plan and CARES Act Recovery Assistance Invested
In the last week, the following grants were made under the American Rescue Plan Funds program or the CARES Act Recovery Assistance Program: May 10, 2022 – U.S. Department of Commerce Invests $3.9 Million in American Rescue Plan Funds to Support Business and Job Growth in Texas May 10, 2022 – U.S. Department of Commerce Invests $5…
HUD: Eviction Protection and Diversion Program Expanded with Additional $20 Million
The U.S. Department of Housing and Urban Development (HUD) on Monday announced $20 million in new grants for its Eviction Protection Grant Program, doubling the amount originally allocated for the launch of the Program in November 2021. HUD has offered grants to 11 organizations, in addition to the 10 organizations selected in November, to help non-profits…
HUD: Action Taken to Expand Broadband to Low-Income Households under Affordable Connectivity Program
Secretary Fudge reiterates commitment to expanding equitable access to affordable broadband coverage in rural, urban, and suburban communities The U.S. Department of Housing and Urban Development (HUD) today informed more than 4 million HUD-assisted families that receiving benefits from the Bipartisan Infrastructure Law’s Affordable Connectivity Program (ACP) does not count as income for determining family…
CFPB: Advisory Opinion on Coverage of Fair Lending Laws Issued
Equal Credit Opportunity Act continues to protect borrowers after they have applied for and received credit Today, the Consumer Financial Protection Bureau (CFPB) published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA)—a landmark federal civil rights law protecting individuals and businesses against discrimination in accessing and using credit—bars lenders from discriminating…
ABA: Bankers Associations Partner to Strengthen Nationwide Online Banking Career Center
The American Bankers Association has teamed with the Illinois Bankers Association and 32 other state bankers associations to deliver an enhanced BankTalentHQ.com, an innovative banking career hub for banks looking to hire and job seekers across the country. The online career center allows users to search for and post available positions across the country, and also…