SBA: $1.1 Million in Awards Announced to Support Native American Entrepreneurs
The U.S. Small Business Administration (SBA) announced the awardees of $1.1 million in grants and contracts to promote the development, success, and long-term sustainability of Native American-owned businesses. “Native-owned small businesses are vital to our shared economic future, and the SBA is committed to engaging and supporting them. The $1.1 million in awards will provide a boost…
EDA: Finalists for $1 Billion “Build Back Better Regional Challenge”
60 Regional Coalitions will Each Compete for up to $100 Million in American Rescue Plan Funding to Rebuild America’s Communities U.S. Secretary of Commerce Gina M. Raimondo today announced the 60 finalists for the U.S. Economic Development Administration’s (EDA) $1 billion “Build Back Better Regional Challenge” – the marquee of EDA’s American Rescue Plan programs – that…
EDA: $3 Million Invested to Support Growth of Aviation Technology Cluster in Cape May County, NJ
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the County of Cape May, New Jersey, for construction of a new, multi-tenant building at the Cape May County Airport’s Hangars Technology Park. This project will provide a 16,000-square-foot facility to attract…
EDA: $3.3 Million in CARES Act Recovery Assistance Invested to Support Manufacturing and Job Creation on the Fort Apache Indian Reservation
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3.3 million CARES Act Recovery Assistance grant to the White Mountain Apache Community Development Corporation, Pinetop, Arizona, to improve the White Mountain Apache Timber Company (WMATCO) sawmill in Whiteriver. This project will support tribal entrepreneurship, diversify the local economy, and create jobs….
EDA: $1.6 Million Invested for Wastewater Treatment Upgrades to Service Expanding Microsoft Data Center Campus in Boydton, VA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the town of Boydton, Virginia, to upgrade the town wastewater treatment plant to service an expanding Microsoft data center campus and other business needs. This EDA project will provide the wastewater infrastructure…
EDA: $196 Million Announced to Accelerate Travel, Tourism and Outdoor Recreation Recovery from COVID-19 Pandemic
24 states and territories receive American Rescue Plan funding targeted at pandemic recovery U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $196 million in American Rescue Plan State Travel, Tourism, and Outdoor Recreation grants to 24 states and territories. The funds are part of EDA’s $750 million…
CDFI Fund: $180.3 Million Awarded to Support CDFI Investment in Low-Income and Distressed Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 265 Community Development Financial Institutions (CDFIs) $180.3 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2021 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program),…
CFPB: Final Rule Issued to Facilitate Transition from LIBOR
The Consumer Financial Protection Bureau (CFPB) today finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products. The rule establishes requirements for how creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022. No new financial contracts may reference LIBOR as the relevant index…
HUD: Additional $5.7 Million in American Rescue Plan Funds Made Available to Fight Housing Discrimination Related to the Coronavirus Pandemic
The U.S. Department of Housing and Urban Development (HUD) announced today that it is making an additional $5,757,663 in American Rescue Plan (ARP) funding available to help HUD Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. Organizations that qualify for the funding, which is being awarded through FHIP’s Private…
EDA: $3 Million Invested to Support Supply Chain and Transportation Infrastructure in San Bernardino, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Inland Valley Development Agency (IVDA), San Bernardino, California, to make improvements to supply chain and transportation infrastructure. The project will enhance access and circulation at the San Bernardino International Airport to…