SBA: New Milestone Reached with $7.5 Billion in Shuttered Venue Operators Grants Awarded to over 10,000 Venues
Unique program distributes grants to venues in the nation’s 50 states and several U.S. territories directly impacted by COVID-19 Today, the U.S. Small Business Administration reached a new milestone of successfully awarding over $7.5 billion in Shuttered Venue Operators Grants (SVOGs) to more than 10,000 hard-hit live entertainment small businesses, nonprofits, and venues. The SVOG program is designed to…
CFPB: Research Shows Credit Applications Have Mostly Recovered to Pre-Pandemic Levels
The Consumer Financial Protection Bureau (CFPB) today published an issue brief showing that consumer applications for auto loans, new mortgages and revolving credit cards had mostly returned to pre-pandemic levels by May 2021. Prime and near-prime consumers are driving this recovery as applications remain down from borrowers with subprime and deep subprime for all types…
HUD: FHA Additional COVID-19 Recovery Options for Homeowners Announced
Streamlined COVID-19 Recovery “waterfall” includes broader payment reductions for those most in danger of losing their homes due to COVID-19 financial hardships The Federal Housing Administration (FHA) on July 23, 2021 announced streamlined COVID-19 Recovery options to help homeowners with FHA-insured mortgages who have been financially impacted by the COVID-19 pandemic bring their mortgage current and remain…
Census Bureau: Small Business Pulse Survey Phase 5 Weekly Data Released
The U.S. Census Bureau today released new data from the fifth phase of the Small Business Pulse Survey (SBPS). Data collection began May 17. Results will be released weekly May 27 to July 22. The SBPS includes questions on small business operations and finances, requests and receipt of assistance, COVID-19 vaccinations and testing, measures of overall well-being, and…
EDA: $4.9 Million in CARES Act Recovery Assistance Invested to Support Kenosha Innovation Neighborhood Project in Kenosha, WI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.9 million CARES Act Recovery Assistance grant to the city of Kenosha, Wisconsin, for road and sewer infrastructure improvements at the 107-acre Kenosha Innovation Neighborhood project. This EDA grant, to be matched with $7.4 million in…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Expand Broadband Infrastructure in Washtenaw County, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to Ann Arbor SPARK, Ann Arbor, Michigan, to construct 20 miles of underground fiber optic cable in the cities of Ann Arbor and Ypsilanti to attract and retain high-tech…
EDA: $1.8 Million in CARES Act Recovery Assistance Invested to Create Revolving Loan Fund for Small Businesses in Cuyahoga County, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million CARES Act Recovery Assistance grant to the Urban League of Greater Cleveland, Inc., Cleveland, Ohio, to capitalize and administer a Revolving Loan Fund (RLF) to provide critical gap financing to small businesses located in…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Support Growth of Advanced Manufacturing, Life Sciences, and Technology Sectors in Fall River, MA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to the city of Fall River, Massachusetts, to support infrastructure upgrades needed to expand three local industrial parks that accommodate advanced manufacturing, life sciences and technology sector businesses. This…
EDA: $1 Million in CARES Act Recovery Assistance Invested to Create a Workforce Training Facility and Community Center in Espanola, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to Rio Arriba County, New Mexico, to renovate a former charter school to create a pipefitting workforce training facility and a community center. This EDA grant, to be matched…
HUD: $19 Million Made Available to Fight Housing Discrimination
Grants will support COVID-19 related fair housing enforcement activities The U.S. Department of Housing and Urban Development (HUD) announced today that it is making $19.4 million available to help HUD Fair Housing Initiatives Program (FHIP) agencies conduct activities that will address discriminatory housing practices related to the COVID-19 pandemic. The funds, which are provided through…