SBA: Rules Implemented to Address Persistent Capital Access Gaps
Loan program updates will advance equity for rural, veteran, women, and minority-owned businesses The U.S. Small Business Administration has finalized two rules to address persistent gaps in access to capital impacting small business owners in underserved communities as part of the Biden-Harris Administration’s effort to grow the economy from the middle out and bottom-up, not…
CDFI Fund: More than $1.73 Billion Awarded in Response to Economic Impacts Caused by COVID-19 Pandemic
Funding will aid those communities experiencing disproportional economic effects of the pandemic Washington, DC – Today, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions…
SBA: America’s Women Entrepreneurs Recognized During the SBA Second Annual Women’s Business Summit
In honor of Women’s History Month, the U.S. Small Business Administration (SBA) held a two-day Women’s Business Summit on March 28-29, 2023, which drew more than 10,000 participants. Attendees heard from President Biden, Administrator Isabella Casillas Guzman, the Senate Small Business Committee Chair Sen. Ben Cardin (D-MD), the House Small Business Committee Ranking Member Rep. Nydia Velazquez…
FHFA: Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac Announced
Agency also releases updated Enterprise fair lending data The Federal Housing Finance Agency (FHFA) today announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023. The updates build upon the inaugural plans first announced last year and make adjustments based on initial research and findings. The Equitable Housing Finance…
HUD: Additional $3.4 Million in American Rescue Plan Funds Available for the Fair Housing Initiatives Program
Agencies can apply to grants opportunities to fight housing discrimination related to the COVID-19 Pandemic until May 11, 2023; Resources build on COVID-19 related loss mitigation efforts that kept nearly 2 million people in their homes during the COVID-19 National Emergency The U.S. Department of Housing and Urban Development (HUD) announced today that it is…
SBA: Second Annual Women’s Business Summit Announced for March 28-29, 2023
The summit convenes women entrepreneurs and thought leaders from across the public and private sectors In honor of Women’s History Month, the U.S. Small Business Administration (SBA) will hold its 2023 Women’s Business Summit from March 28-29, 2023. The two-day hybrid summit will feature virtual panels, “Ask an Expert” workshops, and fireside chats to help women-owned small businesses…
EDA: U.S. Department of Commerce Seeks Public Input on New Recompete Pilot Program That Supercharges Communities with High Unemployment
The U.S. Department of Commerce’s Economic Development Administration (EDA) is seeking public input on its new Recompete Pilot Program that will make focused investments in distressed communities across the country, creating and connecting workers to good jobs and supporting long-term comprehensive economic development by helping to reduce the high, prime-age (25 to 54 years of age) employment…
SBA: Cross-Country Latino Prosperity Tour Announced
Initiative will feature Presidential Cabinet members highlighting the Biden-Harris Administration’s whole-of-government commitment to advancing Latino prosperity Following President Biden’s State of Union address on Tuesday, SBA Administrator Isabella Casillas Guzman traveled to Tucson, Arizona today to announce plans for the upcoming Biden-Harris Administration Latino Prosperity Tour. This tour will spotlight the whole-of-government approach the Biden-Harris…
CDFI Fund: Application Demand for Equitable Recovery Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2022 round of its CDFI Equitable Recovery Program (CDFI ERP). The CDFI ERP is a new program created through the Consolidated Appropriations Act, 2021 (Pub. L. 116-260) that is intended to respond…
OCC: Earned Income Tax Credit Awareness Day Promoted
To make more eligible working families aware of the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency is promoting EITC Awareness Day on January 27. The EITC is a refundable federal income tax credit for low- to moderate-income households. “The Earned Income Tax Credit is a valuable program that…