EDA: $2 Million Invested to Support Business Growth in DeKalb, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of DeKalb, Texas, to design and construct water and sewer improvements needed to spur business growth in the city, including at the Dekalb Industrial Foundation’s 36-acre industrial site. The EDA grant will be matched with $560,000…
EDA: $1.76 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund for Businesses Across 24 Oklahoma Counties
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.76 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic across 24 Oklahoma…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund for Businesses in Omaha-Council Bluffs Metropolitan Area
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 Omaha-Council Bluffs Metropolitan Area Planning Agency, Omaha, Nebraska, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in the…
EDA: $900,000 in CARES Act Recovery Assistance Invested to Bolster Workforce Development in Little Rock, AR
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $900,000 CARES Act Recovery Assistance grant to the University of Arkansas at Little Rock, Little Rock, Arkansas, to develop a workforce training strategy with a special emphasis on technological skills and to support business community recovery efforts across Arkansas. The EDA grant…
EDA: $865,000 Invested to Support Tech-based Manufacturing and Job Growth Efforts at the Reese Technology Center in Lubbock, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $865,000 grant to Lubbock Reese Redevelopment Authority (LRRA), Lubbock, Texas, to make critical security and airport runway enhancements to facilitate job creation at the Reese Technology Center. The EDA grant, to be matched with $865,000 in local investment, is expected to generate…
EDA: $508,000 Invested to Make Critical Water System Improvements in Centerville, TN
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $508,000 grant to the Town of Centerville, Tennessee, to make water infrastructure improvements needed to protect local businesses from flooding. This EDA grant, to be matched with $127,000 in local investment, is expected to create 55 jobs and generate $9.5 million in…
HUD: Fair Housing Act Will Be Enforced to Prohibit Discrimination on the Basis of Sexual Orientation or Gender Identity
HUD directive begins implementation of the policy set forth in Biden executive order to prevent and combat sexual orientation and gender identity-based discrimination The U.S. Department of Housing and Urban Development (HUD) today announced that it will administer and enforce the Fair Housing Act to prohibit discrimination on the basis of sexual orientation and gender…
Census Bureau: Household Pulse Survey Phase 3 Biweekly Data Released
The U.S. Census Bureau today released new data from the extension of the third phase of the experimental Household Pulse Survey. The extension includes intent-to-vaccinate and stimulus payment questions. 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…
SBA: Lenders and SBA Take More Steps to Improve Paycheck Protection Program
Loan data shows 1.3 million loans and significant increase to underserved entrepreneurs Today, the U.S. Small Business Administration and lenders are taking more strides to improve the Paycheck Protection Program (PPP) so that small businesses can access much needed PPP funds to persevere through the pandemic, recover, and build back better. The Administration is working with the Agency to increase…
FHFA: COVID-Related Loan Flexibilities Further Extended Until March 31, 2021
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until March 31, 2021. The changes are designed to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on February 28, 2021. Extended flexibilities include: Alternative appraisals…