OCC: Supervision Support Functions Consolidated, New Units Announced
The Office of the Comptroller of the Currency today announced realignment of approximately 150 staff members to create two new units, consolidating bank supervision support, risk analysis, and oversight of national trust banks and significant service providers. “This realignment will improve the agency’s ability to supervise the federal banking system by aligning like work, eliminating…
EDA: $4.1 Million Provided for Critical Rail Infrastructure Serving Industrial Site in Huntsville, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $4.1 million grant to the city of Huntsville, Alabama, to help construct a bridge to serve a major automotive manufacturer and provide opportunities for further industrial and commercial development adjacent to the site. This grant will be matched…
EDA: $1.8 Million Investment Made to Upgrade Critical Infrastructure to Protect Businesses from Flooding in Kershaw, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the town of Kershaw, South Carolina, to make water infrastructure improvements to protect local businesses from future flood events. This EDA grant will be matched with $470,020 in local investment. “When Hurricane Irma…
FDIC: Annual Publication Examines Potential Credit and Market Risks
The Federal Deposit Insurance Corporation (FDIC) today published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures in the banking system. The publication will be of particular interest to financial institutions, policymakers, analysts, and regulators. “The FDIC is committed to transparency and accountability, and the publication of our 2019 Risk Review provides an opportunity for…
EDA: Investment Made to Increase Disaster Preparedness and Resiliency for Small Businesses in Texas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to LiftFund Inc., of San Antonio, Texas, to support a technical assistance program that will increase disaster preparedness and build resiliency for small businesses located in the 41 FEMA designated counties affected by Hurricane Harvey. The EDA grant will be…
EDA: $440,000 Invested to Improve Critical Infrastructure in Brattleboro, VT Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $440,000 grant to the Town of Brattleboro, Vermont, to make critical water infrastructure improvements needed to support commercial development. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $320,000 in local funds and is expected…
EDA: $7.5 Million Invested to Help Establish the Tampa Bay Innovation Center Incubator
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.5 million grant to the Pinellas County Board of Supervisors of Clearwater, Florida, to help build the Tampa Bay Innovation Center Incubator, a 45,000 square foot state-of-the-art business facility. The project, to be located in a Tax Cuts…
EDA: $2 Million Invested to Grow Manufacturing Sector in Lavonia, GA
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 city of Lavonia, Georgia, to make critical wastewater infrastructure improvements needed to support development of the Gateway Industrial Park. This grant will be matched with $2.6 million in local investment, and is…
HUD: Initiative Launches to Prevent and End Homelessness Among Young People Aging Out of Foster Care
‘FYI’ Initiative to offer housing vouchers to at-risk young people facing homelessness U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a new initiative to target housing assistance to young people aging out of foster care and who are at extreme risk of experiencing homelessness. HUD’s new Foster Youth to Independence (FYI) Initiative will offer…
Census Bureau: New Report Examines Audience Segments for the 2020 Census
The U.S. Census Bureau released today the 2020 Census Predictive Models and Audience Segmentation Report. The report explains the Census Bureau’s predictions and understandings of how people might self-respond to the 2020 Census. Households will be able to respond to the 2020 Census online, by phone, or by mail. The report describes research on three aspects…