ABA: Record Number of Consumers Pay Off Credit Cards in Full as Spending Falls in Second Quarter 2020
As consumer spending contracted sharply and credit card purchase volumes fell across risk tiers in this year’s second quarter, the share of U.S. cardholders that paid their balance in full reached record levels, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. The November 2020 Monitor, which reflects credit card data from…
Census Bureau: Household Pulse Survey Phase 2 Biweekly Data Released
The U.S. Census Bureau today released new data from the second phase of the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the…
EDA: $1.9 Million Invested to Extend Potable Water Service in Marshall County, WV Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to Grandview Doolin Public Service District, Proctor, West Virginia, for water infrastructure that will provide potable water service to industrial customers in Marshall County. The EDA grant, to be located in a Tax Cuts and…
EDA: $600,000 in CARES Act Recovery Assistance Invested to Support Regional Economic Recovery Strategies in Gallup, NM Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,00 grant to the city of Gallup, New Mexico, to support regional economic recovery strategies for healthcare and transportation industries. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $150,000 in local funds….
EDA: $500,000 in CARES Act Recovery Assistance Invested in Grant County, NM
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Grant County, New Mexico, to support economic recovery and expansion efforts in partnership with the Silver City Chamber of Commerce and Western New Mexico University. This EDA grant will be matched with $126,552 in local funds. “Helping our communities…
EDA: $4 Million Invested to Establish Workforce Training Facility Near Wabash County, IN Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to Wabash County, Indiana, to expand the Heartland Career Center to provide adult career training in healthcare and advanced manufacturing. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will…
CDFI Fund: $650,000 in CARES Act Recovery Assistance Invested to Implement a Technical Assistance Program Near Fayetteville, AR Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $650,000 CARES Act Recovery Assistance grant to Community Venture Foundation, Fayetteville, Arkansas, to provide technical assistance to small businesses impacted by the coronavirus pandemic in Northwest Arkansas. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will…
SBA: National Veterans Small Business Week Kicks Off November 2nd
SBA hosts annual events honoring and connecting America’s 2.5 million veteran-owned small businesses to local entrepreneurial resources The U.S. Small Business Administration will celebrate veteran, service member and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 2-6, 2020. “National Veterans Small Business Week is the perfect time to reflect on the accomplishments of…