FDIC: First-Ever FDIC Academic Challenge Launched

Teams from universities and colleges throughout the country will examine effects of community banks on local economic development  The Federal Deposit Insurance Corporation (FDIC) today announced the launch of the agency’s first-ever Academic Challenge, a competition among teams of university and college students to address questions concerning the U.S. banking sector. […]

Federal Reserve: Report on the Economic Well-Being of U.S. Households Issued

Data collected to supplement the Federal Reserve Board’s seventh annual Survey of Household Economics and Decisionmaking showed that U.S. families were faring better financially in July than in April, but many still faced uncertainty regarding layoffs and prospects for returning to work. Recognizing the unprecedented financial disruptions caused by the […]

Federal Reserve: FAQs Updated to Clarify Board and Treasury’s Expectations Regarding Lending Underwriting for the Main Street Lending Program

The Federal Reserve Board on Friday updated its frequently asked questions (FAQs) to clarify the Board and Department of Treasury’s expectations regarding lender underwriting for the Main Street Lending Program. The revised FAQs emphasize that lender underwriting should look back to the borrower’s pre-pandemic condition and forward to their post-pandemic […]

EDA: $1.6 Million Invested to Establish Truck Driving Workforce Training Facility in Pensacola, FL

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the District Board of Trustees of Pensacola State College, Pensacola, Florida, to help construct a truck driving training facility that will provide up-to-date instruction, simulation, and on-the-road training […]

EDA: $1.2 Million Invested to Establish Aeronautics Workforce Training Center in Minnesota Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to Carlton County, Minnesota, to establish an aeronautics workforce training center to support the region’s emerging aviation industry. The EDA grant, to be located in a Tax Cuts and Jobs […]

Census Bureau: American Community Survey State and Local Income, Poverty and Health Insurance Statistics Released for 2019

Statistics for More Than 40 Demographic and Economic Topics Support Detailed Profiles of Communities Nationwide The U.S. Census Bureau today released a detailed look at America’s people, places and economy with statistics on income, poverty, health insurance, employment, families and more than 40 other topics from the American Community Survey (ACS). It is important […]

HUD: Disaster Assistance Announced for Victims of Oregon Wildfires

Foreclosure protection offered to displaced families The U.S. Department of Housing and Urban Development (HUD) today announced federal disaster assistance for the State of Oregon to provide support to homeowners and low-income renters displaced from their homes in areas affected by wildfires and straight-line winds. On September 15th, President Trump […]

EDA: $10.2 Million Invested to Establish High-Tech Business Incubator at the Innovation Park in Tallahassee, FL

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $10.2 million grant to the Leon County Research and Development Authority, Tallahassee, Florida, to build a 40,000 square-foot, high-tech business incubator within the Innovation Park of Tallahassee to aid in the formation […]