FDIC: 2022 Bank Small Business Lending Survey Launched
Approximately 2,000 Banks Asked to Detail their Lending Practices Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg and U.S. Census Bureau (Census) Director Robert L. Santos today formally invited approximately 2,000 U.S. banks to participate in a nationally representative online survey about their small business lending practices and volumes. Sponsored by the FDIC…
EDA: $3 Million in CARES Act Recovery Assistance Invested to Expand High-Speed Internet in Michigan’s Eastern Upper Peninsula
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Merit Network, Inc., Ann Arbor, Michigan, to support construction of a 70-mile, middle-mile fiber optic infrastructure, which will expand access to high-speed internet in the region. The project…
ABA: Foundation Encourages Banks to Submit Nominations for 10th Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its 10th annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary community engagement, recognizes innovative, high-impact bank programs that improve the quality of life for customers banks serve. The entry period for submitting nominations ends July 1. “Over the last 10 years, ABA has…
Census Bureau: 2020 County Business Patterns Now Available
The U.S. Census Bureau today released the 2020 County Business Patterns (CBP). This annual series of statistics provides subnational economic data by industry. These data show detailed annual information on the number of establishments, employment during the week of March 12, and first quarter and annual payroll at the national, state, metropolitan and micropolitan statistical area,…
EDA: Over $52.4 Million in American Rescue Plan Funds Invested to Support Economic Development and Put People Back to Work
These projects were made possible by regional planning efforts led by the South Carolina Appalachian Council of Governments (SCACOG). EDA funds SCACOG to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs. This project is funded under EDA’s American…
SBA: 2022 National Small Business Week Co-Sponsors and Virtual Summit Event Schedule Announced
Official partners support SBA message of “Building a Better America Through Entrepreneurship” Today, the U.S. Small Business Administration announced the official cosponsors and schedule for its 2022 National Small Business Week (NSBW) Virtual Summit, themed “Building a Better America Through Entrepreneurship,” taking place May 2-5, 2022. National Small Business Week events are made possible every year due in part to the…
EDA: $1 Million Invested for Critical Infrastructure to Support Business Growth in Guymon, OK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the city of Guymon, Oklahoma, to expand and improve the wastewater system at its industrial park. This investment will support the expansion of existing businesses and attract others to the city’s industrial…
SBA: T.H.R.I.V.E., Executive Level Business Training for Entrepreneurs Ready to Maximize Their Full Potential, Launched
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the launch of T.H.R.I.V.E. (Train, Hope, Rise, Innovate, Venture, Elevate), a reimagined training program for small business leaders, formerly known as Emerging Leaders. “T.H.R.I.V.E. Emerging Leaders Reimagined initiative will provide up-and-coming small business leaders with…
Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…
HUD: $10.3 Million Loan Guarantee Announced for Los Angeles County for Vermont Manchester Commercial Project
The U.S. Department of Housing and Urban Development (HUD) today announces a $10.3 million loan guarantee for the County of Los Angeles, California for the Vermont Manchester Commercial Project. The loan guarantee will be used to finance the development of a new 64 thousand square foot community-serving retail space within the Vermont Manchester Transit Priority…