EDA: $7.3 Million Invested to Help Get Employees to Work in North Slope Borough, AK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7.3 million grant to the North Slope Borough, Alaska, for transportation infrastructure. Recent climate-linked flooding has disrupted the only existing route to Ilisagvik College and the Barrow Arctic Research Center. This project will support community resiliency…
EDA: $2.8 Million Invested to Support Clean Energy Business Development in Paulsboro, NJ
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to Paulsboro, New Jersey, to expand the Paulsboro Water Treatment Plant in support of business development and job growth in the offshore wind industry. This project will provide the wastewater infrastructure capacity needed…
EDA: $2 Million Invested to Support Business Growth in Laurens, SC
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 Laurens County Water and Sewer Commission, Laurens, South Carolina, for sewer infrastructure upgrades to service a prime industrial corridor. This project will promote job creation through sewer upgrades necessary for business…
EDA: $2 Million Invested to Help Establish New Business Park in Kewaunee, WI
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 Kewaunee, Wisconsin, for water and sewer infrastructure to support the construction of a new 30-acre business park, which is being implemented to help offset the region’s economic injury due…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Healthcare Workforce Development in The Dalles, OR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to Columbia Gorge Community College, The Dalles, Oregon, to renovate and modernize an existing facility to grow healthcare workforce development programs. This project will provide new and expanded training opportunities…
EDA: $911,900 in CARES Act Recovery Assistance Invested to Expand Workforce Training in Central Illinois
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $911,900 CARES Act Recovery Assistance grant to Illinois Central College, East Peoria, Illinois, to expand its workforce training facilities. This project will grow Illinois Central College’s workforce training programs, helping to fill in-demand jobs in the manufacturing, transportation, and healthcare sectors. This…
FDIC: James Madison University College of Business Wins FDIC’s Second Annual Academic Challenge
Undergraduate team selected for examination of the impact of COVID-19 on U.S. banks The Federal Deposit Insurance Corporation (FDIC) today announced a four-member team of undergraduate students from James Madison University College of Business won the agency’s Second Annual FDIC Academic Challenge, a competition among university and college students concerning the U.S. banking sector. The FDIC…
Federal Reserve: Applications Open for Members of the Community Advisory Council
The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council, or CAC, which advises the Board on issues affecting consumers and communities. It is made up of a diverse group of experts and representatives of consumer and community development…
ABA: Comment Letter Issued to CFPB on Request for Information on Fees Charged by Financial Service Providers
In a detailed comment letter filed today, the American Bankers Association and all 51 state bankers associations directly challenge the basic premise behind the Consumer Financial Protection Bureau’s Request for Information on fees charged by financial service providers in the U.S. The letter reads in part: “The CFPB has long pledged to be a ‘data-driven’ agency that…
OCC: New Publication Focuses on Bank Partnerships in Community Reinvestment and Resilience
The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Partners in Recovery: Community Reinvestment and Resilience.” This edition of Community Developments Investments highlights how banks can collaborate with community development financial institutions, minority depository institutions, and other community-based groups to help rebuild communities recovering from the COVID-19 pandemic…