FEMA: President Trump Approves Major Disaster Declaration for Kentucky due to Severe Storms
FEMA announced that federal disaster assistance has been made available to the commonwealth of Kentucky to supplement state, tribal and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from Feb. 3 – 29, 2020. Federal funding also is available to commonwealth and eligible local governments and certain private nonprofit…
SBA: Joint Statement on the Resumption of the Paycheck Protection Program
Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP): “We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for…
ABA: Consumer, Banking Groups to Congress Request that Economic Impact Payments Be Exempt from Garnishment
In a letter to congressional leadership today, consumer and banking industry organizations joined together to urge lawmakers to clarify at the earliest possible opportunity that economic impact payments issued by the federal government in response to the coronavirus pandemic should be exempt from otherwise legally binding garnishment orders. “Congress passed the CARES Act to help families purchase…
FEMA: President Trump Approves Major Disaster Declaration for Mississippi due to Severe Storms
FEMA announced that federal disaster assistance has been made available to the state of Mississippi to supplement state, tribal and local recovery efforts in the areas affected by severe storms, flooding and mudslides from Feb. 10 to Feb. 18, 2020. Federal funding also is available to state, tribal, and eligible local governments and certain private…
FEMA: President Trump Approves Major Disaster Declaration for Washington Due to Severe Storms
FEMA announced that federal disaster assistance has been made available to the state of Washington to supplement state, tribal and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from Jan. 20 to Feb. 10, 2020. Federal funding also is available to state, tribal, and eligible local governments and certain…
Census Bureau: New Interactive Data Hub in Response to COVID-19 Released
Today the U.S. Census Bureau released a new resource page on census.gov to help federal agencies, businesses and communities make decisions related to the COVID-19 pandemic. Similar to the Census Bureau’s resource pages created during natural disasters, this resource page includes information on population demographics, economic indicators and businesses. It features a new interactive data hub that centralizes data previously released…
HUD: $130 Million Awarded to Revitalize Four Neighborhoods
Federal investments expected to attract more than a $1.5 billion in additional funding for neighborhood reinvestment Today, the U.S. Department of Housing and Urban Development (HUD) announced four communities across the country will receive a combined $130 million to redevelop severely distressed public housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative,…
FHFA: FHLBs to Accept Paycheck Protection Program Loans as Collateral
To support small and community banks, the Federal Housing Finance Agency announced that Federal Home Loan Banks (FHLBanks) can accept Paycheck Protection Program (PPP) loans as collateral when making loans, called advances, to their members. FHLBanks can accept loans guaranteed by the Small Business Administration under PPP provided FHLBanks comply with certain safety and soundness…
Federal Reserve: Public Information Available Regarding Programs to Support and Foster Economic Recovery
The Federal Reserve Board outlines the extensive and timely public information it will make available regarding its programs to support the flow of credit to households and businesses and thereby foster economic recovery Building on its strong record of transparency and accountability around financial reporting and the policymaking process, the Federal Reserve Board on Thursday…
EDA: $1.5 Million Invested to Improve Internet Bandwidth for Businesses in Corning, NY Opportunity Zones
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 Southern Tier Network, Inc. in Corning, New York, to install approximately 83 miles of high-speed dark fiber-optic cable to support businesses in six counties. The EDA grant, to be located near 11 Opportunity Zones,…