Census Bureau: Small Business Pulse Survey Phase 2 Weekly Data Released
The U.S. Census Bureau today released new data from the second phase of the experimental Small Business Pulse Survey. Data collection began Aug. 9, 2020. Results will be released weekly starting Aug. 20 through Oct. 15, 2020. The second phase includes questions on the core concepts from the first phase of the survey, as well as…
Federal Reserve: Speech by Governor Brainard on Modernizing and Strengthening CRA Regulations
Thank you for inviting me here today to take part in your Fall Leadership Meeting.1 We recognize that community banks play a vital role in the communities you serve. Your insights into local conditions and your long-standing customer relationships afford you a deep understanding of the needs and characteristics of the households and small businesses…
OCC: New CRA Modernization Resources Released
Summary The Office of the Comptroller of the Currency (OCC) today issued three items required to support the implementation of the Community Reinvestment Act (CRA) rule the agency issued on June 5, 2020 (2020 rule). Note for Community Banks The “Community Reinvestment Act 2020 Rule Small Bank Compliance Guide” and other supporting materials pertain to…
EDA: $2.6 Million Invested to Make Water Infrastructure Improvements in Kenova, WV
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to the city of Kenova, West Virginia, to make water infrastructure improvements needed to spur business growth and economic development throughout the region. This EDA grant will be matched with $966,000 in local funds…
EDA: $2 Million Invested to Make Building Improvements Needed to Boost Business Growth in Woodward, OK
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Woodward, Oklahoma, to make building renovations at the Woodward Industrial Airpark to attract and support businesses following devastating fires in 2018. The EDA grant will be matched with more than…
EDA: $1.8 Million Invested to Boost Growth at Five Points Business Park Near Opportunity Zone in Abilene, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the city of Abilene, Texas, to make roadway infrastructure improvements needed to support expansion efforts of manufacturers and businesses in the Five Points Business Park area. The EDA grant, to be located near…
EDA: $1.6 Million Invested to Provide Flood-Resilient Infrastructure at the Marine Operations Center in South-Central Louisiana
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 Louisiana Universities Marine Consortium, Chauvin, Louisiana, to help build flood-resilient infrastructure at the new Marine Operations Center in support of important coastal and marine system research. The EDA grant, to be matched…
EDA: $813,620 Invested to Make Disaster Resilient Improvements in Port Washington, WI
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $813,620 grant to the city of Port Washington, Wisconsin, to install permanent backup generators that will ensure uninterrupted service at the city’s wastewater and water treatment plants during disasters. The EDA grant, to be matched with $203,405 in local investment, is expected…
EDA: $620,970 Invested to Support Growth of Manufacturing Sector in Pontotoc County, MS
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $620,970 grant to Pontotoc County, Mississippi, to make water infrastructure improvements at the Pontotoc County Industrial Park, to support the expansion and growth of manufacturing businesses in the region. This EDA grant, to be matched with $320,970 in local investment and $300,000…