FDIC: Second Annual Academic Challenge Launched Focusing on the Impacts of COVID-19 on the Banking Sector
The Federal Deposit Insurance Corporation (FDIC) today announced the launch of the agency’s Second Annual Academic Challenge, a competition among teams of university and college students to address questions concerning the U.S. banking sector. The topic for this year’s challenge is “The Impacts of COVID-19 on the Banking Sector.” FDIC Chairman Jelena McWilliams said, “The goal…
Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released
The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price changes…
HUD: Disaster Assistance Announced for North Carolina Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of North Carolina affected by the remnants of Tropical Storm Fred from August 16 to August 18, 2021. On September 8, 2021 President Biden issued a major disaster declaration for the following counties: Avery, Buncombe,…
EDA: $1.3 Million in CARES Act Recovery Assistance Invested to Strengthen Agribusiness Infrastructure in Guam
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million CARES Act Recovery Assistance grant to the Guam Economic Development Authority, Tamuning, Guam, to improve commercial infrastructure to support job creation and economic resiliency in the agribusiness sector. “President Biden is committed to helping…
EDA: $1 Million in CARES Act Recovery Assistance Invested to Establish Resiliency Center in Alexandria, LA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the Kisatchie-Delta Regional Planning and Development District, Alexandria, Louisiana, to purchase, design, and renovate an existing building to create a new Resiliency Center that will support economic development…
EDA: $986,157 in CARES Act Recovery Assistance Invested to Support Workforce Development Efforts in Northern Colorado
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $986,157 CARES Act Recovery Assistance grant to Larimer County, Colorado, to update and expand workforce development strategies and sector partnerships in the region. This EDA grant, to be matched with $246,539 in local investment, is expected to create 495 jobs. “The Biden…
EDA: $900,000 in CARES Act Recovery Assistance Invested to Support Economic Recovery and Resiliency Efforts in the Inland Empire
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $900,000 CARES Act Recovery Assistance grant to the University of California, Riverside, to provide technical assistance to small businesses to bolster the region’s ability to withstand future economic disruptions. This EDA grant will be matched with $416,461 in local investment. “President Biden…
EDA: $700,000 Invested to Support a Multi-Purpose Community Facility in Brownsville, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,000 grant to the city of Brownsville, Texas, to renovate a former warehouse to create the Cannery Public Market, a multi-purpose community building in the Mitte Cultural District. This EDA grant will be matched with $1.1 million in local investment. “The Economic…
EDA: $613,750 in CARES Act Recovery Assistance Invested to Support Broadband Plans for the State of Missouri
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $613,750 CARES Act Recovery Assistance grant to the Missouri Association of Councils of Government (MACOG), Jefferson City, Missouri, to develop broadband feasibility plans and provide technical assistance across the state. This EDA grant will be matched with $613,750 in state investment. “The…
CDFI Fund: FY 2021 Capital Magnet Fund Funding Round Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2021 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing, as…