SBA: Funding Awarded to Organizations Delivering Entrepreneurship Training to Women Veterans and Military Spouses
The U.S. Small Business Administration today awarded $300,000 in grants to three organizations offering entrepreneurship training to women service members, veterans and military spouses. The funding opportunity, offered by SBA’s Office of Veterans Business Development, supports each organization’s entrepreneurial programs for women who serve in our military and veteran communities. Each awardee was chosen based on their demonstrated…
CFPB: FAQs Issued to Support Small Businesses Applying for PPP Loans
The Consumer Financial Protection Bureau today issued clarifying FAQs to support small businesses who have applied for a loan from their financial institution under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Creditors are generally required under the Equal Credit Opportunity Act and Regulation B to notify applicants within 30 days of receiving a…
CDFI Fund: Request for Public Comment on CDFI Certification Application and Reporting Tools
Supporting CDFI Growth and Innovation through New Certification Application and Reporting Procedures At the Community Development Financial Institutions Fund (CDFI Fund), we value the important work that Certified Community Development Financial Institutions (CDFIs) do. We know that CDFIs are being asked to do more than ever before in delivering capital and credit to families, businesses…
ABA: Report Shows More Consumers Paid Credit Card Balances in Full Amid Rising Card Use in Fourth Quarter 2019
Even as credit card use increased in the fourth quarter of 2019, a record share of consumers paid off their bill in full each month, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Seasonally adjusted monthly purchase volumes rose compared to the previous quarter, particularly among super-prime (+4.0%) and prime (+2.9%) accounts,…
FEMA: Federal Support to Expand National COVID-19 Testing Capabilities
Testing is critical to slow the spread of coronavirus (COVID-19) and mitigate its threat to public health. President Trump has led a historic effort to revolutionize testing in the United States to confront this challenge. Under President Trump’s Guidelines for Opening America Up Again, states should meet at least five metrics before proceeding to a phased…
Census Bureau: New Experimental Veteran Employment Outcomes Statistics Released
Today, the Census Bureau released new experimental statistics on U.S. Army veterans’ outcomes in the civilian labor market. Veteran Employment Outcomes (VEO) provide annual earnings for veterans by military occupation, civilian industry and veteran characteristics — one, five, and 10 years after leaving service. These data show a broad distribution of labor market outcomes for recent veterans, highlighting…
HUD: Flexibility of Funds Increased and Expanded for Public Housing Authorities to Fight COVID-19
Funds for sanitation, transportation to health units and testing, childcare, food, and medical supplies U.S. Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of $380 million in supplemental administrative fee funding to all Public Housing Authorities (PHA), including Moving to Work (MTW) PHAs. The two months of additional funding may…
FHFA: Loan Processing Flexibilities Extended for Fannie Mae and Freddie Mac Customers
The Federal Housing Finance Agency (FHFA) extended several loan origination flexibilities currently offered by Fannie Mae and Freddie Mac (The Enterprises) designed to help borrowers during the COVID-19 national emergency. Those flexibilities are extended until at least June 30th and include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for verifying employment before…
EDA: $1.5 Million Invested to Boost Medical Workforce Training Efforts Near Opportunity Zone in Sheridan, WY
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 Northern Wyoming Community College District (NWCCD) in Sheridan, Wyoming, to improve and expand Northern Wyoming Community College’s Health Sciences Center. The new Center will train students for healthcare jobs with the Indian…
EDA: $2.3 Million Invested Support Business Development in Floyd, VA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the Economic Development Authority of Floyd County, Virginia, to construct the Floyd Growth Center Building. The EDA grant, to be matched with $576,385 in local investment, is expected to spur $5 million in…