FEMA: President Trump Approves Major Disaster Declaration for Puerto Rico
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Puerto Rico to supplement recovery efforts in the areas affected by a severe storm and flooding on Sept. 13. The President’s action makes federal funding available to affected individuals in the Municipality of Arecibo. Assistance can include grants for temporary…
CDFI Fund: 2019 Annual Certification and Data Collection Summary Report Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a summary snapshot report from the fiscal year (FY) 2019 Annual Certification and Data Collection Report (ACR) reporting cycle. Community Development Financial Institutions (CDFIs) must submit an ACR on an annual basis within 90 days of the end of their…
ABA: Record Number of Consumers Pay Off Credit Cards in Full as Spending Falls in Second Quarter 2020
As consumer spending contracted sharply and credit card purchase volumes fell across risk tiers in this year’s second quarter, the share of U.S. cardholders that paid their balance in full reached record levels, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. The November 2020 Monitor, which reflects credit card data from…
Census Bureau: Household Pulse Survey Phase 2 Biweekly Data Released
The U.S. Census Bureau today released new data from the second phase of the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the…
EDA: $1.9 Million Invested to Extend Potable Water Service in Marshall County, WV Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to Grandview Doolin Public Service District, Proctor, West Virginia, for water infrastructure that will provide potable water service to industrial customers in Marshall County. The EDA grant, to be located in a Tax Cuts and…
EDA: $600,000 in CARES Act Recovery Assistance Invested to Support Regional Economic Recovery Strategies in Gallup, NM Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,00 grant to the city of Gallup, New Mexico, to support regional economic recovery strategies for healthcare and transportation industries. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $150,000 in local funds….
EDA: $500,000 in CARES Act Recovery Assistance Invested in Grant County, NM
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Grant County, New Mexico, to support economic recovery and expansion efforts in partnership with the Silver City Chamber of Commerce and Western New Mexico University. This EDA grant will be matched with $126,552 in local funds. “Helping our communities…
EDA: $4 Million Invested to Establish Workforce Training Facility Near Wabash County, IN Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to Wabash County, Indiana, to expand the Heartland Career Center to provide adult career training in healthcare and advanced manufacturing. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will…
CDFI Fund: $650,000 in CARES Act Recovery Assistance Invested to Implement a Technical Assistance Program Near Fayetteville, AR Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $650,000 CARES Act Recovery Assistance grant to Community Venture Foundation, Fayetteville, Arkansas, to provide technical assistance to small businesses impacted by the coronavirus pandemic in Northwest Arkansas. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will…