ABA: Radio Advertising Campaign Encouraging Small Businesses to Apply for PPP Loans Launched
The American Bankers Association has launched a radio advertising campaign airing on 60 stations in 14 states and the District of Columbia encouraging small businesses that still need help weathering the pandemic to reach out to local banks and apply for a forgivable Paycheck Protection Program loan. The ads, which begin airing today in select markets, specifically…
CFPB: New Report Finds Over 11 Million Families at Risk of Losing Housing
Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are behind at least three months…
Census Bureau: Small Business Pulse Survey Phase 4 Weekly Data Released
The U.S. Census Bureau today released new data from the fourth phase of the Small Business Pulse Survey (SBPS). Data collection began Feb. 15. Results will be released weekly Feb. 25 to April 22. The SBPS includes questions on topics such as location closings, changes in employment, disruptions in the supply chain, the use of federal assistance initiatives such…
FHFA: COVID-19 Forebearance Period and Foreclosure and REO Eviction Moratoriums Extended until June 30, 2021
Aligns COVID-19 mortgage relief policies across the federal government Today, the Federal Housing Finance Agency (FHFA) announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government. FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until…
EDA: $4.1 Million in CARES Act Recovery Assistance Invested to Boost Broadband Capacity and Advanced Manufacturing Growth Efforts in Louisiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $4.1 million in CARES Act Recovery Assistance grants to help the state of Louisiana prevent, prepare for, and respond to coronavirus. “The Economic Development Administration is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the…
EDA: $2.6 Million in CARES Act Recovery Assistance Invested to Support Telehealth and Workforce Training Needs in Southeast Kansas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2.6 million CARES Act Recovery Assistance grant to Neosho Memorial Regional Medical Center (NMRMC), Chanute, Kansas, to establish the Southeast Kansas Impact Center for Wellness, Education, and Business. This EDA grant, to be matched with $650,000 in local investment, is expected to…
EDA: $1.17 Million in CARES Act Recovery Assistance Invested to Support Small Businesses and Manufacturers in Underserved Areas of San Jose, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.17 million CARES Act Recovery Assistance grant to the city of San Jose, California, to provide technical assistance to coronavirus-impacted small businesses and manufacturers in underserved areas of the city. “The Economic Development Administration is committed to helping communities across the nation…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Support Construction of Career Workforce Academy in Fargo, ND
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to North Dakota State College of Science Foundation, Wahpeton, North Dakota, to build the Career Workforce Academy in Fargo. This EDA grant, to be matched with $4,840,139 in local investment, is expected to create 109…
EDA: $842,522 in CARES Act Recovery Assistance Invested to Support Economic Recovery and Resiliency Efforts in Bershires Region of Massachusetts
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $842,522 CARES Act Recovery Assistance grant to the Berkshire Regional Planning Commission, Pittsfield, Massachusetts, to develop and implement an economic recovery and resiliency plan and provide technical assistance to bolster the region’s ability to withstand future economic disruptions. This EDA grant will…
EDA: $800,000 in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses in Albany County, WY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 CARES Act Recovery Assistance grant to Laramie Chamber Business Alliance, Laramie, Wyoming, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in Albany County. The EDA grant,…