SBA: New MySBA Digital Experience Outlined to Transform How Business Owners Interact with SBA
New MySBA Experience Builds on SBA’s Efforts to Transform Customers’ Experiences with the Agency via Innovative Digital Tools Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, is celebrating the culmination of the SBA’s efforts to transform customers’ experiences…
HUD: Nearly $3.6 Billion in Homelessness Assistance Funding Awarded to Communities Nationwide
Grant awards represent the largest amount of annual federal funding provided through HUD’s Continuum of Care program in history. Today, the U.S. Department of Housing and Urban Development (HUD) announced nearly $3.6 billion in Continuum of Care (CoC) program awards for nearly 7,000 projects that provide housing assistance and supportive services to people experiencing homelessness,…
FDIC: Millennium Bank, Des Plaines, IL Assumes All Deposits of Pulaski Savings Bank, Chicago, IL
Pulaski Savings Bank of Chicago, Ill. was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Millennium Bank of Des Plaines, Ill., to assume all deposits of Pulaski Savings Bank. The…
FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced that federal disaster assistance is available to the state of Alaska to supplement recovery efforts in the areas affected by the severe storm and flooding from Oct. 20-23, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work…
FEMA: Cherokee Nation and FEMA Sign Historic Agreement that Will Help Disaster Survivors
Leaders of FEMA and the Cherokee Nation signed an agreement on Jan. 15 that will enable the Tribal Nation to deploy in support of FEMA’s operations during disasters, the first such agreement ever signed. The Intergovernmental Service Agreement (IGSA) is a formal, binding contract. Under the agreement, FEMA’s Supplemental Response Team (SRT) program is able…
SBA: Small Business Community Lending Network Strengthened in Underserved Communities
New Community Advantage Small Business Lending Companies Bring More Funding to Main Street and Rural America Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced additions to the Community Advantage Small Business Lending Company (CA SBLC) program. The…
SBA: More Than $26 Million Granted to Create 13 New Women’s Business Centers Nationally
Funding Establishes First WBC in the U.S. Virgin Islands, Adds Support for 17 Existing WBCs and Specific Grants for Childcare Enterprises and Government Contracting Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, awarded $26.25 million to create 13…
HUD: FHA Options Updated to Help Homeowners Keep Their Homes
Revised Federal Housing Administration loss mitigation waterfall includes updates to tools for mortgage servicers helping borrowers who fall behind on their mortgage payments. Today, the U.S. Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), announced an updated set of permanent options for mortgage servicers to help borrowers with FHA-insured single-family mortgages keep…
EDA: $10.5 Million Invested for Infrastructure Improvements to Support Business Growth in Montana
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $10.5 million in the state of Montana to support roadway and wastewater infrastructure improvements. The EDA investments announced today are: “The Biden-Harris Administration is committed to ensuring that all communities in Montana and across the country have the resources…
EDA: $6.2 Million Invested to Support Forestry and Construction Industry Workforce Development in Kansas
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $6.2 million in the state of Kansas to support forestry and construction industry workforce development. The EDA investments announced today are: “The Biden-Harris Administration’s Investing in America agenda is growing jobs, building a sustainable workforce, and creating opportunities for…