CDFI Fund: Important Reminders for Capital Magnet Fund Applicants
As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2018 Capital Magnet Fund round is August 20, 2018, at 11:59 p.m. Eastern Time (ET). The deadline for creating an organizational account in the CDFI Fund’s Awards Management Information…
ABA: Foundation Seeking Banks to Host 9th Annual Lights, Camera, Save! Video Contest
The American Bankers Association Foundation is urging local banks to participate in its Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants will create a video up to 90 seconds that demonstrates…
CDFI Fund: New Certified CDFI Logo Debuts to Help Illustrate Impact
More than 400 representatives of Certified CDFIs voted on the image they liked best to represent themselves to their customers and the public. Nearly 64 percent of them chose this winning design, which beautifully evokes a sense of community. With the roll out of this new logo, it’s a good time to reflect on the…
EDA: $830,000 Invested to Make Critical Pier Improvements to Support Business Growth in Rockland, ME
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $830,000 grant to the City of Rockland, Maine, to renovate the Rockland Commercial Fish Pier. The renovated structure will support current business needs and future economic growth. According to grantee estimates, the project is expected to retain 86 jobs. “We commend the City…
EDA: $600,000 Invested to Expand Entrepreneurial Services and Business Assistance in Shreveport, LA
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the Biomedical Research Foundation of NW Louisiana of Shreveport, Louisiana, to expand the foundation’s Entrepreneur Accelerator Program, providing services and support to new businesses in the area. According to grantee estimates, the project is expected to create 100 jobs, retain…
Census Bureau: Number of Women-Owned Employer Firms Increases
Women-owned employer firms in the United States increased by approximately 2.8 percent in 2016 to 1,118,863 from 1,088,466 in 2015, according to findings from the U.S. Census Bureau’s 2016 Annual Survey of Entrepreneurs. The data also shows that women owned approximately 20.0 percent (1,118,863) of all employer businesses (5,601,758) nationwide. Additionally, about one-quarter (289,326 or…
HUD: Department Seeks to Streamline and Enhance “Affirmatively Furthering Fair Housing” Rule
Notice solicits public’s comments on ways to improve fair housing choice WASHINGTON – The U.S. Housing and Urban Development (HUD) today published a notice inviting public comment on amendments to its Affirmatively Furthering Fair Housing (AFFH) regulations. HUD’s goal in pursuing new rulemaking is to offer more helpful guidance to states and local communities to…
Federal Reserve: FEDS Notes | Are Income and Credit Scores Highly Correlated?
Are Income and Credit Scores Highly Correlated? Rachael Beer, Felicia Ionescu, and Geng Li1 1. Introduction Credit scores, a numerical indicator constructed to predict borrowers’ credit risk, represent a crucial element of a person’s financial life and are used extensively in loan underwriting and pricing. On average, consumers with higher credit scores tend to have…
FEMA: President Trump Approves Major Disaster Declaration for Wisconsin
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of Wisconsin to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, and flooding from June 15 to June 19, 2018. Federal funding is available to the state and eligible local governments…
Census Bureau: Computer and Internet Use in the United States
The report titled “Computer and Internet Use in the United States: 2016” looks at access to computers and broadband internet subscriptions nationwide. Differences can be seen by demographic, social and geographic characteristics across the digital divide between those who have and those who lack access to computers and the internet. This report examines key trends…