EDA: $2.5 Million Invested to Support Manufacturing Workforce Training Opportunities in St. Cloud, MN
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to St. Cloud Technical & Community College, St. Cloud, Minnesota, to build a new Advanced Manufacturing Training Lab. The lab will provide the necessary training to workers to meet the demand of regional manufacturers….
SBA: Funding Awarded to Organizations Delivering Entrepreneurship Training to Women Veterans and Military Spouses
The U.S. Small Business Administration today awarded $300,000 in grants to three organizations offering entrepreneurship training to women service members, veterans and military spouses. The funding opportunity, offered by SBA’s Office of Veterans Business Development, supports each organization’s entrepreneurial programs for women who serve in our military and veteran communities. Each awardee was chosen based on their demonstrated…
ABA: Bankers Celebrate Financial Capability Month by Taking Teach Children to Save Online
While schools may be closed due to COVID-19, bankers across the country are finding new and innovative ways to share the Teach Children to Save program this year, including virtual financial education lessons for children across the nation. Since 1997, the ABA Foundation’s financial education initiatives have reached 11.1 million young people through more than…
OCC: Paycheck Protection Program Listening Sessions Announced
The Office of the Comptroller of the Currency (OCC) today announced that its Office of Innovation will host three listening sessions on April 16, 20, and 21, to discuss issues and potential solutions relating to the Paycheck Protection Program (PPP) as established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Listening sessions are used to inform…
CDFI Fund: FY 2020 Funding Round of BEA Program Is Now Open
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the publication of the FY 2020 Notice of Funds…
EDA: $4.4 Million Invested to Support Workforce Training in Bennettsville, SC
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to Northeastern Technical College of Cheraw, South Carolina, to establish a new workforce training center. The EDA grant, to be matched with more than $1.1 million in local investment, is expected to create more…
CDFI Fund: Bond Guarantee Program Application Period Opens for FY 2020
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in guarantee authority is available to Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2020. Through the CDFI Bond…
EDA: $850,000 Invested to Establish Maritime Training Facility in New Orleans Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $850,000 grant to Delgado Community College of New Orleans, Louisiana, to support the growth of Louisiana’s water transportation industry by building the new Delgado Maritime and Industrial Training Facility. The EDA grant project, to be located in a Tax Cuts and Jobs Act …
Federal Banking Agencies to Host the 2020 National Interagency Community Reinvestment Conference in Denver, CO
The 2020 National Interagency Community Reinvestment Conference takes place in Denver from March 9 to 12. The conference is hosted by the three federal banking agencies, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, and the Federal Reserve Banks of…
CDFI Fund: FY 2020 CDFI Bond Guarantee Program Application Workshop Registration Now Open
In anticipation of the fiscal year (FY) 2020 round of the CDFI Bond Guarantee Program, which is expected to launch early this spring, the CDFI Fund is conducting one (1) two-day workshop for potential applicants on the Qualified Issuer and Guarantee Application requirements. This workshop will cover the basics of the program and is appropriate…