SBA: National Small Business Week Kicks Off in Washington, D.C. May 5-6
America’s top small businesses to be honored for their achievements Acting Administrator Chris Pilkerton, the head of the U.S. Small Business Administration, will kick off the 2019 National Small Business Week events in Washington, D.C. on May 5-6. Small business owners, industry leaders and other award winners from around the country will gather in D.C. to be recognized…
CFPB: Notice of Proposed Rulemaking Issued for HMDA Rules
The Consumer Financial Protection Bureau (Bureau) today issued a Notice of Proposed Rulemaking (NPRM), which proposes to raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act (HMDA) rules. The NPRM would provide relief to smaller lenders from HMDA’s data reporting…
ABA: Ohio Small Business Wins SBA’s 2019 Exporter of the Year Award
EarthQuaker Devices has been named 2019 Small Business Exporter of the Year by the U.S. Small Business Administration (SBA). The Akron, Ohio-based company will be officially recognized during National Small Business Week, an annual event honoring the accomplishments and contributions of the best small businesses in the nation. The award will be presented to EarthQuaker Devices’ Founder/President Jamie…
SBA: 2019 Phoenix Award Champions Honored for Outstanding Disaster Recovery Efforts
Today, the U.S. Small Business Administration announced the 2019 National Small Business Week Phoenix Award winners for their resilience in the aftermath of a disaster. Since 1998, the SBA has presented Phoenix Awards to business owners, public officials and volunteers who displayed selflessness, ingenuity and tenacity in the aftermath of a disaster, while contributing to the rebuilding…
SBA: St. Louis Investment Firm Named Small Business Investment Company of the Year
Eagle Fund III, LP of St. Louis, Missouri has been named the 2019 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Eagle, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part of National Small…
ABA: Banks Urged to Submit Nominations for ABA Foundation’s Community Commitment Awards
Deadline for entries is July 12 WASHINGTON — Starting today, the American Bankers Association Foundation urges banks across the nation to submit nominations for its sixth annual Community Commitment Awards. The awards, one of the industry’s top honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the…
HUD: Council on Foundations and HUD Announce Winners of Secretary’s Award for Public-Philanthropic Partnerships
Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations announced the 2019 winners of the Secretary’s Award for Public-Philanthropic Partnerships. The awards recognize innovative partnerships between foundations and government that have been critical in transforming communities and improving the quality of life for low-and moderate-income residents across the country….
SBA: Colorado Enterprise Fund Wins SBA’s 2019 Jody C. Raskind Lender Award
Colorado Enterprise Fund (CEF), a Colorado-based SBA 504 CDC Lender, Community Advantage Lender and Microloan Intermediary, has been selected as this year’s Jody C. Raskind Award recipient. This recognition is presented annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in helping small businesses start, grow and expand. The award will…
FHFA: Index Shows Mortgage Rates Decreased in March 2019
Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.36 percent for loans closed in late March, down 10 basis points from 4.46 percent in February. The…
EDA: Investment Made to Support Business Development at Blue Lake Rancheria in California
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in a business incubator that will facilitate $3.15 million in private investment and create at least 34 new jobs at Blue Lake Rancheria in California. “The Trump Administration is continuing to work diligently to help rebuild communities devastated…