EDA: Investment Made to Support Small Business Growth in Disaster-Impacted Northern California
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing $800,000 to help establish a Revolving Loan Fund (RLF) in disaster-impacted Mendocino, California, which will be matched by $200,000 in local funds. The investment will attract $250,000 in private investment and create or save at least 20 jobs. “American communities…
ABA: Report Shows Bank Lending Rose to $108 Billion in 2018
Strong performance, asset quality and capital levels in 2018 U.S. farm banks increased agricultural lending by 5.3 percent, or $5.5 billion, to $108 billion in 2018, according to the American Bankers Association’s annual Farm Bank Performance Report. The report—an analysis by ABA’s economic research team based on FDIC data—examines the performance of the nation’s 1,772 banks…
SBA: National Small Business Week to Kick Off with Hackathon in Partnership with Visa
Participants to create disaster recovery solutions & compete for $60k prize pool The U.S. Small Business Administration and Visa will host a National Small Business Week Hackathon at the Inclusive Innovation Incubator in Washington, D.C. May 3-5. App developers, business owners and idea generators will face the challenge of mashing up application programming interfaces (APIs)…
HUD: University of Maryland Wins HUD 2019 Innovation in Affordable Housing Student Design and Planning Competition
The U.S. Department of Housing and Urban Development (HUD) announced a graduate student team from University of Maryland as the winners of HUD’s sixth annual Innovation in Affordable Housing Student Design and Planning Competition. The University of Maryland team was one of four finalists to design a new mixed-use development for low- and moderate-income residents situated…
CFPB: Symposia Series Announced to Explore Consumer Protections
Consumer Financial Protection Bureau Director Kathleen L. Kraninger announced a symposia series exploring consumer protections in today’s dynamic financial services marketplace. The series is aimed at stimulating a proactive and transparent dialogue to assist the Bureau in its policy development process, including possible future rulemakings. During each symposium, the Bureau will host a discussion panel…
FEMA: President Trump Approves Major Disaster Declaration for Alabama
FEMA announced today that federal disaster assistance has been made available to the state of Alabama to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding Feb. 19 to March 20, 2019. Federal funding is available to state and eligible local governments and certain private nonprofit…
FEMA: President Trump Approves Major Disaster Declaration for Tennessee
FEMA announced today that federal disaster assistance has been made available to the state of Tennessee to supplement state and local recovery efforts in the areas affected by severe storms, flooding, landslides, and mudslides from Feb. 19 to March 30, 2019. Federal funding is available to State and eligible local governments and certain private nonprofit…
FEMA: Survivors in Two Additional Iowa Counties May Now Apply for Federal Disaster Assistance
Residents of Pottawattamie and Shelby counties now can apply for disaster assistance to help them recover from the severe storms and flooding that began March 12. They join five counties already designated for state and federal help to individuals: Fremont, Harrison, Mills, Monona and Woodbury. FEMA disaster assistance for homeowners and renters may include grants…
FEMA: President Trump Approves Major Disaster Declaration for Kentucky
FEMA announced today that federal disaster assistance has been made available to the commonwealth of Kentucky to supplement commonwealth and local recovery efforts in the areas affected by severe storms, straight-line winds, flooding, landslides and mudslides from Feb. 6 to March 10, 2019. Federal funding is available to commonwealth and eligible local governments and certain…
HUD: White House and HUD Publish Opportunity Zone Implementation Plan
The White House Opportunity and Revitalization Council (“Council”) today published its Implementation Plan, outlining to President Donald J. Trump a detailed work plan for how the Council—chaired by U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson—will accomplish the goals specified in Executive Order 13583 of December 12, 2018. The Implementation Plan explains…