OCC: SoFi Bank, National Association Conditionally Approved for Full Service OCC Bank Charter
The Office of the Comptroller of the Currency (OCC) today conditionally approved applications from Social Finance Inc. (SoFi) to create SoFi Bank, National Association (SoFi Bank, N.A.), as a full service national bank headquartered in Cottonwood Heights, Utah. As part of the transaction, SoFi Bank, N.A. will acquire Golden Pacific Bank, National Association, a national…
FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced today that federal disaster assistance has been made available to the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds, flooding, landslides and mudslides from Oct. 29–Nov. 1, 2021. Federal funding is available to state and eligible local governments and certain private…
FEMA: President Biden Approves Major Disaster Declaration for Tennessee
FEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from Dec. 10-11, 2021. The President’s action makes federal funding available to affected individuals in Cheatham, Davidson, Dickson, Gibson, Henderson, Henry, Lake,…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
HUD: FHA Real-Estate Owned Property Purchase Opportunities Expanded for Owner-Occupied Buyers
Expanded exclusive listing period increases priority purchase opportunities on HUD-owned single-family homes for owner-occupants, HUD-approved nonprofits, and governmental entities. The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and governmental entities to submit…
SBA: Council on Underserved Communities Holds First Virtual Meeting
On Tuesday, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, joined John W. Rogers, Jr., Chairman of the Council on Underserved Communities (CUC), to hold the first meeting of the reconvened council. “I’m excited for this kick-off as the CUC and its important mission…
EDA: $2.3 Million Invested for Broadband Infrastructure in Anacortes, WA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the city of Anacortes, Washington. This project will support the installation of broadband infrastructure throughout Anacortes, expanding high-speed internet service to all of the city’s households, and providing additional connectivity to local…
EDA: $1.6 Million Invested to Support Foreign Business Investment in Binghamton, NY
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 Research Foundation for the State University of New York, Binghamton, New York. This investment will support the Southern Tier Soft Landing Program, to attract foreign business investment in Upstate New York…
EDA: $1.6 Million Invested to Support Development of New Business and Healthcare Infrastructure in King and Queen County, VA
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 King and Queen County, Virginia. This project will address a pressing need for new medical and business development space in King and Queen County by supporting the construction of a multi-tenant, pre-engineered…
EDA: $955,000 Invested to Improve Transportation Infrastructure in Moscow, ID
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $955,000 grant to the city of Moscow, Idaho. This investment will provide for the construction of a new bridge on Paradise Creek, to support local businesses in the medical and agricultural sectors of the economy. The 24-foot, single-span bridge will replace a…