SBA: Two New Courses Introduced on Partnerships and Entrepreneurial Leadership in the Ascent Online Digital Learning Platform
The digital tool provides women-owned small businesses resources to drive growth through business partnerships, building and refining leadership skills Today, the U.S. Small Business Administration (SBA) announced the launch of two new educational modules. Ascent is a digital platform comprised of targeted education modules, called Journeys, that gives small business owners 24/7 access to critical information backed by research and addresses…
EDA: $3 Million in American Rescue Plan Funds Invested to Support Workforce Development in Southern California’s Entertainment Industry
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3 million grant to the Shakespeare Center of Los Angeles, Inc., Los Angeles, California, for renovations to a 6,688-square foot warehouse needed to train and upskill workers in Southern California’s entertainment industry. This grant is funded by the American Rescue Plan. This…
EDA: $2.4 Million Invested to Support Life Sciences Industry in Murrieta, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Murrieta, California, for renovations to the Murrieta Innovation Center needed to develop a life science startup incubator. This project will support business growth and job creation by supporting entrepreneurs,…
EDA: $1.8 Million in CARES Act Recovery Assistance Invested to Increase High-Speed Internet Connectivity in Grant County, OR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million CARES Act Recovery Assistance grant to the city of John Day, Oregon, to increase internet connectivity in Grant County. This project will support community broadband enhancements in the cities of John Day and Canyon…
EDA: $750,000 in American Rescue Plan Funds Invested to Boost Tourism and Create Jobs in Hogansville, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the city of Hogansville, Georgia, to support the rehabilitation of the vacant Royal Theater. This grant is funded by the American Rescue Plan. This project will support the long-term recovery of tourism in the region by renovating an existing…
CFPB: New Report Released on Financial Challenges Facing Rural Communities
Many rural communities are “banking deserts” Today the Consumer Financial Protection Bureau (CFPB) issued a report on the challenges faced by Americans in rural communities. The report highlights that many of these communities lack access to physical bank branches, are more likely to seek credit from nonbanks, and are heavily affected by medical bills. The…
FEMA: President Biden Approves Major Disaster Declaration for Massachusetts
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Massachusetts to supplement commonwealth, tribal and local recovery efforts in the areas affected by the severe winter storm and snowstorm Jan. 28 – 29, 2022. The President’s action makes federal funding available to commonwealth, tribal and eligible local governments, and certain…
HUD: FHA Adds 40-Year Mortage Modification with Partial Claim to Home Retention Options for Struggling Borrowers
Addition to loss mitigation home retention options allows servicers to assist additional FHA forward mortgage borrowers who are behind on mortgage payments due to COVID-19. The Federal Housing Administration (FHA) announced on Monday that it is adding a new, 40-year mortgage modification option for mortgage servicers to use in conjunction with its partial claim option to assist…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of the City of Tampa, Florida
Part of large-scale redevelopment master plan in the West River neighborhood that will feature a total of 670 homes. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on April 14 closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Tampa (THA) in Tampa, Florida, to…
Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…