ABA: Report Shows Credit Card Spending Rebound in Third Quarter of 2020 as Record Number of Consumers Pay Balance in Full
Despite persistent challenges from the pandemic-induced recession, the credit card market continues to show resilience, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Monthly purchase volumes rebounded strongly across risk groups in the third quarter of last year even as the ratio of credit card credit outstanding as a share of…
EDA: $11.2 Million Invested to Rehabilitate Roadway Infrastructure in Saipan, Northern Mariana Islands
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $11.2 million grant to the Office of the Governor, Commonwealth of the Northern Marianas Islands, to rehabilitate roadway infrastructure within a commercial district of Saipan. This EDA grant is expected to help create nearly 300 jobs and generate more than $1.3 million…
EDA $6.9 Million in CARES Act Recovery Assistance Invested to Establish Workforce Training Facility at College of Southern Nevada
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $6.9 million CARES Act Recovery Assistance grant to the Nevada System of Higher Education, Las Vegas, Nevada, to support workforce education and training at the College of Southern Nevada. This EDA grant is expected to help create 300 jobs. “EDA is pleased…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Support Entrepreneurial Growth Efforts in Wyoming
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the University of Wyoming, Laramie, Wyoming, to expand services and support for entrepreneurs across the state of Wyoming. This EDA grant, to be matched with $600,000 in local investment, is expected to create 368…
EDA: $1.75 Million Invested to Expand Raleigh County Business Park in Beaver, WV
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.75 million grant to Raleigh County Memorial Airport, Beaver, West Virginia, to provide critical infrastructure needed to expand the Raleigh County Business Park. This EDA grant, to be matched with $4.85 million in state and local funds, is expected to create 624…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Establish a Revolving Loan Fund to Serve Businesses Across Delaware
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to the Delaware Division of Small Business, Dover, Delaware, to establish and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic across Delaware. This…
EDA: $1.1 Million Invested to Protect Businesses from Flooding in Dayton, OH
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.1 million grant to the Miami Conservancy District, Dayton, Ohio, to protect the Old North Dayton area from flooding by upgrading the Greater Old North Dayton levee. This EDA grant, to be matched with $276,254 in local investment, is expected to retain…
EDA: $1 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses Across Hawaii
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the State of Hawaii’s Department of Business, Economic Development & Tourism, Honolulu, Hawaii, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the…
ABA: Foundation Launches 2021 Financial Education Campaign, Unveils New Free Resources for Banks
New materials will help banker volunteers lead virtual and in-person lesson plans for their communities The American Bankers Association Foundation today launched its 2021 financial education campaign and called on America’s banks and their more than two million employees across the nation to participate in this innovative, industry-wide effort to promote consumer financial readiness. This…