Economic Inclusion

SBA: Updated Equity Action Plan Unveiled to Advance Commitment to Investing in Equity

Updates Focus on Providing Access to Capital and Entrepreneurial Support Services, Creating Economic Opportunities, and Advancing our National Economy Today,  Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses and startups, announced the SBA’s updated 2023 Equity Action Plan outlining actionable steps the…

HUD: 2023 Update to Equity Action Plan Released, Outlining New Commitments to Advance Equity

The U.S. Department of Housing and Urban Development (HUD) today released the 2023 Update to its Equity Action Plan, in coordination with the Biden-Harris Administration’s whole-of-government equity agenda. This Equity Action Plan is part of the Department’s efforts to implement the President’s Executive Order on “Advancing Racial Equity and Support for Underserved Communities Through the Federal Government,” which…

OCC: 2024 Earned Income Tax Credit Awareness Day Promoted

To increase the awareness of eligible working families about the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency joins stakeholders across the country in promoting January 26 as EITC Awareness Day. The EITC is a refundable federal income tax credit for low- to moderate-income households. Changes in marital,…

OCC: Public Appraisal Subcommittee Hearing on Appraisal Bias Scheduled for February 13th

The Office of the Comptroller of the Currency (OCC) will host a public hearing of the Appraisal Subcommittee (ASC) on appraisal bias on February 13, 2024, from 10:00 a.m. to 1:00 p.m., at its headquarters, 400 7th Street SW, Washington, D.C. Acting Comptroller of the Currency Michael J. Hsu will provide opening remarks. The subcommittee panel…

Census Bureau: Virtual Workshop on Advancing Research on Race, Ethnicity and Inequality Scheduled

The U.S. Census Bureau is scheduled to hold a virtual workshop on Advancing Research on Race, Ethnicity and Inequality Nov. 14-15, 2023. This event will bring together new perspectives on how data resources can be better leveraged to both measure the dimensions of race and ethnicity within the U.S. population and to investigate how systemic inequalities by…

FDIC: Advisory Committee on Economic Inclusion to Meet Next Week

Two New Members also Announced The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, November 2, 2023, to discuss updates from Committee members about key challenges facing their communities and organizations.  Panel presentations will discuss the final Community Reinvestment Act (CRA) rule, research informing the next FDIC multi-year…

SBA: Anniversary of Women’s Business Ownership Act Celebrated and FY Lending to Women-Owned Businesses Announced

SBA-Backed Loans to Women-Owned Small Businesses are Up 70% Under Biden-Harris Administration Today, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, celebrated the 35th anniversary of Women’s Business Ownership Act of 1988 (H.R. 5050) by announcing new data showing SBA-backed…

SBA: Significant Increase in Lending to Black-Owned Small Businesses Announced

Total Number and Dollar Amount of SBA-backed Loans to Black-Owned Small Businesses See 2.5x Increase Under Biden-Harris Administration Today, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced new SBA data showing that SBA-backed loans to Black-owned small businesses…

EDA: 31 Tech Hubs Designated Across America

As part of the President’s Investing in America agenda, the U.S. Department of Commerce identified regional centers primed for technological innovation and job creation The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced the designation of 31 Tech Hubs in regions across the country. This is the first phase…

SBA: Record $3 Billion in Lending Announced to Latino-Owned Small Businesses

Number of SBA-Backed Loans to Latino-Owned Small Businesses Has Doubled Under Biden-Harris Administration Today, Administrator Isabel Guzman, the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced newly finalized Fiscal Year 2023 SBA data showing that the rate of SBA-backed loans to Latino-owned small businesses has now doubled under the Biden-Harris Administration,…