SBA: Closure of Restaurant Revitalization Fund Program Announced
Over 100k restaurants were awarded $28.6 billion; Average award was $283K Today, U.S. Small Business Administration Administrator Isabel Guzman announces the closure of the Restaurant Revitalization Fund (RRF) program, signed into law by President Joe Biden as part of the American Rescue Plan. The program provided much needed economic aid to restaurants and other establishments struggling to make…
Census Bureau: Small Business Pulse Survey Phase 5 Weekly Data Released
The U.S. Census Bureau today released new data from the fifth phase of the Small Business Pulse Survey (SBPS). Data collection began May 17. Results will be released weekly May 27 to July 22. The SBPS includes questions on small business operations and finances, requests and receipt of assistance, COVID-19 vaccinations and testing, measures of overall well-being, and…
SBA: Humboldt State University Awarded $258,000 to Launch a Veterans Business Outreach Center
The U.S. Small Business Administration awarded over $258,000 in funding to Humboldt State University to provide training and counseling as a Veterans Business Outreach Center (VBOC) serving veteran small business owners in Northern California (to include all counties north of Santa Barbara, Ventura, Los Angeles, and San Bernardino counties). The funding opportunity, offered by SBA’s Office of…
SBA: Extension of $100 Million Grant “Community Navigator Pilot” Program Proposals to July 23, 2021 Announced
Grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan Today, the U.S. Small Business Administration announced the extended application date for its new Community Navigator Pilot Program. SBA will now accept proposal submissions through July 23, 2021, and anticipates making award decisions by September 2021. This new initiative, established…
FHFA: Policy Statement on Fair Lending Issued
FHFA also requiring the Enterprises to submit fair lending reports Today, the Federal Housing Finance Agency (FHFA) issued a Policy Statement on Fair Lending. The Policy Statement communicates FHFA’s commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Banks (together, the regulated entities) and provides a foundation…
EDA: $3.2 Million in CARES Act Recovery Assistance Invested to Support Business Development and Job Creation Efforts in California
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.2 million in CARES Act Recovery Assistance grants to help the state of California prevent, prepare for, and respond to coronavirus. “President Biden is committed to empowering communities to build back stronger after the economic disruptions of…
EDA: $2.8 Million Invested to Expand Workforce Training Programs in Starke County, IN
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 Starke County Initiative for Lifelong Learning, Inc. (SCILL), Knox, Indiana, to construct a 12,000-square-foot workforce training center for precision welding, automation, robotics, and equipment maintenance programs. This EDA project, to be matched…
EDA: $2.2 Million Invested to Replace Critical Infrastructure and Support Job Creation in West Plains, MO
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the city of West Plains, Missouri, to make critical railroad infrastructure improvements to support job creation and economic resiliency efforts. This EDA project, to be matched with $3.9 million in other federal,…