SBA: Small Business Innovation Research and Small Business Technology Transfer Programs Reauthorized
S. 3971 backs America’s Seed Fund programs for five years, adds reforms to strengthen national security, accountability, and innovation Today, President Donald J. Trump signed into law S. 3971, the Small Business Innovation and Economic Security Act, which reauthorizes and reforms the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. SBA Administrator Kelly…
Treasury: New Rules Proposed to Prevent Abuse of Community Development Financial Institutions (CDFI) Fund Programs
The U.S. Department of the Treasury announced today that the CDFI Fund will issue rules concerning the treatment of CDFI Fund awards under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). The rules are intended to ensure compliance with federal law and that taxpayer-funded federal public benefits are not diverted to subsidize…
EDA: U.S. Department of Commerce Invests $8.3 Million to Support Economic Development Projects in Three States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has invested $8.3 million to support economic development projects in three states. The awards are provided through EDA’s Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities. The EDA investments announced today are: “The Economic Development Administration is committed…
EDA: U.S. Department of Commerce Invests $4.9 Million in Disaster Supplemental Funding to Support Projects in States Impacted by Natural Disasters
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is investing $4.9 million in Disaster Supplemental funding to support economic development projects in states impacted by storms and natural disasters in 2023 and 2024. The EDA investments announced today are: “The Economic Development Administration supports infrastructure improvements designed to foster industrial revitalization as well as workforce development projects to help communities recover following storms and natural disasters,” said Deputy…
Treasury: New Guidance Unlocks Economic Opportunity for Overlooked Communities Through Updated Opportunity Zones
The Working Families Tax Cuts Boosts Opportunity Zone Tax Incentive, Driving More Capital to Communities Across America The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released guidance for eligible communities across America to be designated as qualified opportunity zones (QOZs). Under President Trump’s Working Families Tax Cuts, the permanent renewal of the…
FEMA: $1 Billion in Federal Funding Announced to Help States Mitigate Impact of Disasters
Funding Opportunity Designed to Support Critical Infrastructure Projects that Save Lives The Federal Emergency Management Agency (FEMA) today published the funding opportunity for the Fiscal Years 2024 and 2025 Building Resilient Infrastructure and Communities (BRIC) program. Through this funding opportunity, FEMA is making $1 billion in federal funding available to states, local governments, territories and…
CDFI Fund: Public Comment Sought on the Bank Enterprise Award Program Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
CDFI Fund: Public Comment Sought on Opportunity Zone Nomination Tool
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites state government officials—such as State Chief Executive Officers—and members of the general public to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI…
ICBA: ICBA Urges Congress to Provide Additional Farm Aid
The Independent Community Bankers of America (ICBA) today strongly urged opens in a new tabCongress to quickly pass bipartisan legislation to provide additional financial assistance to farmers and ranchers challenged by high production costs and continuing revenue losses. “We appreciate the administration’s recently announced $12 billion Farmer Bridge Assistance (FBA) package for row crops and specialty crops….
CDFI Fund: 2026 Transactional Level Report (TRL) Webinar Schedule Announced
The Community Development Financial Institutions Fund (CDFI Fund) will host a monthly Transaction Level Report (TLR) webinar. The TLR webinars are intended to serve as a forum for Certified and non-Certified Community Development Financial Institutions (CDFIs) to ask questions and discuss the TLR and its submission process. The sessions will cover the purpose of the…