SBA: $5.4 Million in Prizes Announced to Nearly 100 Awardees to Support Inclusive Entrepreneurship in the Innovation Ecosystem

Today, U.S. Small Business Administration Administrator Isabella Casillas Guzman announced 84 winners for the Growth Accelerator Fund Competition (GAFC) and eight winners for the Small Business Innovation Research (SBIR) Catalyst competition, a new component aimed at spurring investment in underrepresented communities within the innovation economy at scale, receiving a combined total of $5.4 […]

CFPB: Report Shows Renters at Risk as COVID-19 Safety Net Ends

Stimulus Checks and Other Payment Relief Linked to Renters’ Financial Stability The Consumer Financial Protection Bureau (CFPB) today released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end. The report, “Financial conditions […]

SBA: National Small Business Week Virtual Summit Highlights Resiliency and Recovery

Prominent small business investors, entrepreneurs, and mentors address nearly 50,000 attendees The U.S. Small Business Administration announced today that this year’s National Small Business Week (NSBW) Virtual Summit drew more than 47,000 participants for the three-day virtual summit. Attendees heard from celebrity business owners, investors, entrepreneurs, and lead advisors from across the small business […]

ABA: Businesses, Financial Groups and ABA Join to Oppose Proposed Tax Information Reporting Requirement

The American Bankers Association today joined more than 40 organizations representing a cross-section of financial and business interests in sending a letter to Speaker of the House Nancy Pelosi, Minority Leader Kevin McCarthy and all members of the House of Representatives strongly opposing a proposal under consideration as part of the reconciliation […]

Census Bureau: 2020 Census Redistricting Data Released in Easier-to-Use Format

The U.S. Census Bureau today released the 2020 Census Redistricting Data (Public Law 94-171) Summary File to states and the public in an easier-to-use format.    These data are now available on data.census.gov. They are identical to those released Aug. 12 on the Census Bureau’s FTP site and in various data visualizations.   The Census Bureau […]

HUD: Availabilty of More Than $180 Million in COVID-19 Supplemental Funding for Multifamily Property Owners Participating in Assisted Housing Programs Announced

New application period allows owners of multifamily housing for low-income elderly, persons with disabilities, and Section 8 contracts to apply for funds to cover costs to prevent and respond to COVID-19 The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Thursday that it […]

HUD: Upcoming HUD-Held Single Family Note Sale Emphasizes Nonprofit Participation

Competitive bid sale provides priority bidding to nonprofit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-1) on November 10, 2021. The sale will […]

FDIC: Mission-Driven Bank Fund Launched

$120 million pledged to support Minority Depository Institutions and CDFIs The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Mission-Driven Bank Fund, a capital investment vehicle being developed by the FDIC to support insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). As anchor investors, […]

EDA: $16 Million Invested to Construct a Disaster Preparedness, Recovery Education, and Training Center in San Juan, Puerto Rico

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $16 million grant to Ecoexploratorio, Inc., San Juan, Puerto Rico, to construct a disaster preparedness, recovery education, and training center and ensure continuity of operations during natural disasters. This EDA grant […]