EDA: $2 Million Invested to Construct Business Incubator to Support Entrepreneurial Development in Laurinburg, NC
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 Scotland County Economic Development Corporation, Laurinburg, North Carolina, to construct a new business incubator to provide workspace for startup companies and expanding industries. The EDA grant, to be matched with more than…
EDA: $1.5 Million Invested to Protect Businesses from Flooding in Conway County, AR
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Conway County Levee District 6, Morrilton, Arkansas, to help construct and install a permanent stormwater pump station to mitigate flood risks in the Oppelo Bottoms industrial area. The EDA grant, to be matched…
EDA: $444,009 Invested to Develop Strategic Plan for Main SpacePort Complex in Augusta, ME Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $444,009 grant to the Maine Space Grant Consortium, Augusta, Maine, to develop a strategic plan for the Maine SpacePort Complex. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $148,489 in state funds and $111,442…
Census Bureau: Over 98 Percent of Households Counted So Far in 2020 Census
Over 98% of housing units have been accounted for in the 2020 Census as of today, with 31.9% counted by census takers and other field data collection operations, and 66.5% of housing units responding online, by phone or by mail. Every day, the U.S. Census Bureau releases the 2020 Census housing unit completion rate for the nation,…
FDIC: Agencies Adopt Final Rule on Certain Real Estate Transactions for Financial Institutions and Consumers Affected by Coronavirus
Summary: The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (collectively, the agencies) adopted as final the interim final rule that allows institutions supervised by the agencies to defer obtaining an appraisal or evaluation for up to 120 days after the closing…
EDA: $530,748 Invested to Make Roadway Infrastructure Improvements to Protect Businesses from Flooding in Nebraska City, NE
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $530,748 grant to the city of Nebraska City, Nebraska, to improve roadway infrastructure and protect businesses operating in a key industrial corridor from the impact of severe weather. The EDA grant will be matched with $132,687 in local investment. “The Trump Administration…
EDA: $350,000 Invested to Establish Forest Operations Training Center Near Opportunity Zone in Flagstaff, AZ
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $350,000 grant to Northern Arizona University, Flagstaff, Arizona, to support the establishment of a workforce development program focused on the forest products industry. This EDA grant will be matched with $87,588 in local investment. “Helping our communities implement workforce development programs to…
HUD: Section 3 Rule Revision Finalized to Advance Economic Opportunity
New rule will advance economic opportunity through streamlined processes and a more targeted approach The U.S. Department of Housing and Urban Development (HUD) announced today the release of the final rule implementing the “Section 3” statute. Section 3 requires that recipients of certain HUD funds make economic opportunities available for low- and very low-income individuals, especially recipients…
ABA: Officers, Board Nominated for 2020-21
The American Bankers Association’s Nominating Committee has selected the official slate of candidates for election at the association’s virtual annual meeting to be held October 20, 2020. The committee, chaired by Jeffrey M. Szyperski, chair, president and CEO, Chesapeake Bank, Kilmarnock, Va., nominated these candidates for ABA officer positions: CHAIRMAN: James J. Edwards, Jr., CEO,…
HUD: Nearly $165 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $165 million to 44 state and local government agencies in 23 states to protect children and families from lead-based paint and home health hazards. HUD is providing these grants through its Lead Based Paint Hazard…