OCC: Comptroller Visits Compton, CA to Discuss How to Increase Community Reinvestment
Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. The visit was the fifth stop in the Comptroller’s summer tour to discuss modernizing the Community Reinvestment Act regulations. The tour…
EDA: $656,231 Invested to Make Critical Infrastructure Improvements to Serve Growing Industry in Grenada County, MS
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $656,231 grant to the Grenada County Board of Supervisors, Grenada, Mississippi, to make infrastructure improvements needed to help businesses expand within Grenada County’s Business and Technology Park. The EDA grant, to be matched with $256,492 in local investment, is expected to create…
SBA: America’s Small Businesses Invited to Tell Their Story
The U.S. Small Business Administration is now accepting nominations for its 2020 National Small Business Week Awards, including the annual Small Business Person of the Year. For more than 50 years, National Small Business Week has celebrated the inspiring achievements of America’s small businesses and the countless contributions they make to their local communities, and to…
EDA: $2 Million Invested to Help Improve Critical Commercial Roadway in Pulaski County, AR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Pulaski County, Arkansas, to extend and improve Zeuber Road in support of future industrial development. The EDA grant, to be matched with more than $3 million in state and local investment, is expected…
EDA: $1.5 Million Invested to Establish a Business Center in East Montgomery County, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the East Montgomery County Improvement District (EMCID) of New Caney, Texas, to construct an office building on its existing industrial park to facilitate job creation and retention. The EDA grant will be matched…
FEMA: Evaluate Your Disaster Readiness During National Preparedness Month
National Preparedness Month kicks off in September with a week dedicated to helping people learn to “save early for disaster costs.” Anyone affected by a natural disaster will face unexpected costs — maybe a few nights in a hotel, a new vehicle, some home repairs or a complete rebuild. Some may find their employer forced…
HUD: Agency Submits Housing Reform Plan to the President
Today, the Department of Housing and Urban Development (HUD) presented President Donald Trump with a plan for reforming the Nation’s housing finance system. Read HUD’s housing finance reform plan. On March 27, 2019, President Trump issued a Memorandum on Federal Housing Finance Reform, directing HUD and the Department of Treasury to craft the housing finance reform…
HUD: Housing Preservation Program Expanded to Include Senior Housing
Rental assistance demonstration will help house low-income seniors In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) today announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD’s Section 202 Supportive Housing…