HUD: FHA Offers Incentives for Property Owners Who Invest in Opportunity Zones
Lower costs and dedicated underwriters to stimulate housing investment in distressed neighborhoods The Federal Housing Administration (FHA) today announced a package of incentives to encourage multi-family property owners to invest in thousands of neighborhoods located in Opportunity Zones across the nation. Read today’s Housing Notice. FHA is introducing reduced application fees paid by property owners applying…
Federal Reserve: Final Rule Approved to Repeal Regulations for SAFE Act
The Federal Reserve Board on Thursday approved final amendments to its regulations to reflect the transfer of the Board’s rulemaking authority for the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) to the Bureau of Consumer Financial Protection (Bureau). Entities that were subject to the Board’s rules are now subject to the Bureau’s…
FEMA: Nearly $21 Million in Additional Grants Approved to Puerto Rico
FEMA has awarded about $21 million in additional funds to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.7 billion. The latest grants approved are as follows: Nearly $17.8 million to Puerto Rico’s Central Office for Recovery, Reconstruction and Resiliency, or COR3, for emergency protective…
SBA: World Trade Month Kicks Off with Go Global Webinar Series
As part of World Trade Month, the U.S. Small Business Administration, along with several other federal agencies, will conduct a four-part webinar series entitled, “Go Global” starting May 9th. This online program aims to help participants gain valuable insights on strategies for international sales success. Presenting agencies in the webinar series include the U.S. Small Business Administration,…
EDA: Investment Made in Business Incubator and Workforce Training Facility in North Charleston, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in Homes of Hope Inc. to renovate an existing building in North Charleston, South Carolina, to serve as a business incubator and training facility. The investment will be matched by $2 million in local funds and is expected…
EDA: Investment Made to Boost Tourism-related Business Development in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing in the Hatfield McCoy Regional Recreation Authority of Man, West Virginia, to help expand the Hatfield McCoy Trail System. The investment will be matched with $452,228 in local funds and is expected to help create 75 jobs and generate $5…
EDA: Investment Made to Help Bring Broadband Coverage to Cattaraugus Territory Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing to help the Seneca Nation of Indians plan for and install broadband fiber throughout the Cattaraugus Territory in western New York. This investment will support a Tax Cuts and Jobs Act designated Opportunity Zone. “President Trump is committed to helping…
SBA: Office of Surety Guarantees Award Winners Recognized
The U.S. Small Business Administration (SBA) recognizes the Office of Surety Guarantees award winners for their continued work to help small contracting businesses acquire surety bonds. Three SBA surety bond partners were selected to receive awards based on their participation, activity, claims and recovery, and their commitment to helping small businesses obtain contracts with both…
CFPB: Regulations Proposed to Implement the Fair Debt Collection Practices Act
Today the Consumer Financial Protection Bureau (Bureau) issued a Notice of Proposed Rulemaking (NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). The proposal would provide consumers with clear protections against harassment by debt collectors and straightforward options to address or dispute debts. Among other things, the NPRM would set clear, bright-line limits on…
SBA: Arizona Entrepreneurs Awarded 2019 Small Business Persons of the Year
Entrepreneurs from Iowa and Virginia also recognized by SBA as Runners-up Today, the U.S. Small Business Administration recognized and awarded this year’s Small Business Person of the Year, Jennifer Herbert (CEO) and Jeff Herbert (CSO) of Superstition Meadery, LLC from Arizona, during the 2019 National Small Business Week ceremony in Washington, D.C. “It is my honor to announce…