Federal Reserve: Governor Barr Delivers Speech on “Supporting Investment in Communities: The First 25 Years of the New Markets Tax Credit”
Speech delivered by Governor Michael S. Barr at the 2025 Fall New Markets Tax Credit Conference, New Orleans, Louisiana Thank you for asking me to be part of this celebration of 25 years of the New Markets Tax Credit (NMTC) and also the historic achievement of its permanent extension.1 I consider the credit a great achievement…
SBA: State-Level Analysis Released of Shutdown Impact on Small Business Lending
With Core Lending Programs Frozen, Agency is Unable to Deliver $170 Million to 320 Main Street Businesses Each Day Today, the U.S. Small Business Administration released a state-level analysis of how small businesses have been impacted by the federal shutdown, which has frozen the agency’s core 7(a) and 504 small business lending programs. For fiscal year 2025…
ABA: New National Survey Finds US Consumers Rank Banks Above Other Industries for Fraud Protection, Support Consistent Rules for Data Sharing
Poll also finds consumers are happy with their bank U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. By more than a 6-to-1 margin over the next closest industry, consumers chose banks (50%)…
ABA: Foundation Announces 2025 Community Commitment Award Winners
The American Bankers Association Foundation today announced the recipients of its 2025 ABA Foundation Community Commitment Awards. The prestigious annual awards recognize banks for extraordinary service to their local communities in seven specific categories ranging from affordable housing to serving military families. The winners will be recognized at ABA’s Annual Convention in Charlotte, N.C. on Oct. 21. The…
SBA: Agency Delivers Record Capital to Small Businesses in FY25
America First agenda boosts small business optimism and growth Today, the U.S. Small Business Administration (SBA) announced that it will close Fiscal Year (FY) 2025 with the most capital ever delivered to small businesses thanks to a surge in demand and confidence under the leadership of President Donald J. Trump. In total, the agency has guaranteed 84,400…
SBA: 12th Annual National Veterans Small Business Week Announced
Veteran Entrepreneurs to be Recognized November 3rd-7th, 2025 Today, the U.S. Small Business Administration (SBA) announced that it will celebrate the 12th consecutive year of National Veterans Small Business Week (NVSBW) from Nov. 3–7, 2025. The week honors America’s 1.6 million veteran-owned small businesses and the commitment to excellence, quality, and strength that defines veteran entrepreneurship across all sectors,…
White House: Office of Federal Procurement Policy and SBA Reinforce Small Business Participation in Federal Contracting
Today, the Office of Management and Budget’s Office of Federal Procurement Policy and other members of the FAR Council, in close consultation with the Small Business Administration (SBA), released streamlined regulatory coverage on small business contracting. Small businesses are the cornerstone of the U.S. economy. The nation’s 34 million small businesses now account for well…
SBA: $1.1 Million Awarded to Support Made in America Manufacturing
E2G Grants will fund training for small manufacturers in critical industries Today, the U.S. Small Business Administration (SBA) announced it has awarded $1.1 million in grants to three applicant organizations who will provide training and technical assistance to support small manufacturers in the SBA’s Empower to Grow (E2G) Program. These qualified awardees will deliver regional support to small manufacturers in critical…
SBA: Loan Fees Waived for Small Manufacturers in Fiscal Year 2026
One-Year Waiver Incentivizes Return to Industrial Dominance Today, in support of the Trump Administration’s broader effort to rebuild American industrial dominance, the U.S. Small Business Administration (SBA) announced that it would waive most upfront fees for small manufacturers in fiscal year 2026. With the fee burden reduced, the SBA will empower more small manufacturers (NAICS 31-33) with…
EDA: US Department of Commerce Invests $15.8 Million in First Awards for Fiscal Year 2025 Disaster Supplemental Funding to Support Economic Recovery in 11 States and Territories
Today, U.S. Secretary of Commerce Howard Lutnick announced the Department’s Economic Development Administration (EDA) is awarding $15.8 million in Fiscal Year 2025 Disaster Supplemental funding. These awards will support economic recovery efforts in several states that received major disaster declarations in 2023 and 2024, due to storms and other weather-related events. These awards are the…