SBA: 2019 Phoenix Award Champions Honored for Outstanding Disaster Recovery Efforts
Today, the U.S. Small Business Administration announced the 2019 National Small Business Week Phoenix Award winners for their resilience in the aftermath of a disaster. Since 1998, the SBA has presented Phoenix Awards to business owners, public officials and volunteers who displayed selflessness, ingenuity and tenacity in the aftermath of a disaster, while contributing to the rebuilding…
SBA: St. Louis Investment Firm Named Small Business Investment Company of the Year
Eagle Fund III, LP of St. Louis, Missouri has been named the 2019 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Eagle, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part of National Small…
ABA: Banks Urged to Submit Nominations for ABA Foundation’s Community Commitment Awards
Deadline for entries is July 12 WASHINGTON — Starting today, the American Bankers Association Foundation urges banks across the nation to submit nominations for its sixth annual Community Commitment Awards. The awards, one of the industry’s top honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the…
HUD: Council on Foundations and HUD Announce Winners of Secretary’s Award for Public-Philanthropic Partnerships
Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations announced the 2019 winners of the Secretary’s Award for Public-Philanthropic Partnerships. The awards recognize innovative partnerships between foundations and government that have been critical in transforming communities and improving the quality of life for low-and moderate-income residents across the country….
SBA: Colorado Enterprise Fund Wins SBA’s 2019 Jody C. Raskind Lender Award
Colorado Enterprise Fund (CEF), a Colorado-based SBA 504 CDC Lender, Community Advantage Lender and Microloan Intermediary, has been selected as this year’s Jody C. Raskind Award recipient. This recognition is presented annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in helping small businesses start, grow and expand. The award will…
FHFA: Index Shows Mortgage Rates Decreased in March 2019
Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.36 percent for loans closed in late March, down 10 basis points from 4.46 percent in February. The…
EDA: Investment Made to Support Business Development at Blue Lake Rancheria in California
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in a business incubator that will facilitate $3.15 million in private investment and create at least 34 new jobs at Blue Lake Rancheria in California. “The Trump Administration is continuing to work diligently to help rebuild communities devastated…
ABA: Report Shows Credit Card Market Expanded in Fourth Quarter 2018
Credit card use continued to expand in the fourth quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, purchase volumes increased for super-prime (+2.7 percent) and prime accounts (+1.4 percent), but declined modestly for subprime accounts (-0.9 percent). On an annual basis, purchase volumes…
FEMA: President Trump Approves Major Disaster Declaration for Sac & Fox Tribe of the Mississippi in Iowa
FEMA announced that federal disaster assistance has been made available to the Sac & Fox Tribe of the Mississippi in Iowa to supplement the Tribe’s efforts in the areas affected by severe storms and flooding from March 13 – April 1. Federal funding is also available to the Sac & Fox Tribe of the Mississippi…
HUD: National Association of Home Builders to Co-Host HUD Innovative Housing Showcase
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department’s inaugural “Innovative Housing Showcase.” The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019, to educate policy makers and the broader public on the new housing innovations…