Census Bureau: High School Completion Rate is Highest in U.S. History
For the first time in U.S. history, 90 percent of the population age 25 and older have completed high school. This is according to new Educational Attainment data released today from the U.S. Census Bureau. “In 1940, less than half of the population age 25 and older had a high school diploma. Over the years…
CDFI Fund: Application Demand for FY 2017 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2017 round of its Capital Magnet Fund program. A total of 120 organizations headquartered in 38 states and the District of Columbia submitted eligible applications requesting nearly $540 million in funding. 54…
Federal Reserve: Speech – Workforce Development in Today’s Economy
Governor Lael Brainard At “Leading the Way: A Workforce Development Video Campaign” awards ceremony hosted by the Federal Reserve Bank of New York and Pathways in Technology Early College High Schools in the Greater Rochester Area, Rochester, N.Y. I would like to thank the staff at the Federal Reserve Bank of New York for inviting…
CFPB: Preparing America’s Young Workers for Success
The success of America’s young workers is critical to the strength of our economy. Millions of young people enter the workforce every year. Youth employment programs offered in local communities present a powerful opportunity to help young people develop healthy financial habits early and access services and products that can help them save, invest, and…
FEMA: New Online Tool Allows California Residents to Track Fire Debris Removal
Residents who lost their homes in the October wildfires will have a new tool to track the progress of debris removal in their communities. The U.S. Army Corps of Engineers (USACE), with the support of the Federal Emergency Management Agency (FEMA) and the U.S. Environmental Protection Agency (EPA), has launched a website designed to give…
FEMA: More Than $1 Billion in Assistance Approved for Puerto Rico
SAN JUAN, Puerto Rico – Federal assistance to survivors, municipality governments and Puerto Rico as a result of Hurricanes Irma and Maria now tops $1 billion less than three months after Maria’s landfall. More than a million Puerto Rican residents registered for FEMA assistance. FEMA has provided funds to more than 366,000 families in Puerto…
FEMA: October California Wildfires Two Month Recovery Update
In October 2017, as the California wildfires were still burning, personnel from the California Governor’s Office of Emergency Services (Cal OES) and the Federal Emergency Management Agency (FEMA) had boots on the ground to assure that survivors would get the help they needed as quickly as possible. When the state’s request for a major disaster…
FEMA: President Trump Signs Emergency Declaration for California
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that federal emergency aid has been made available to the state of California to supplement state, tribal, and local response efforts due to the emergency conditions resulting from wildfires beginning on December 4, 2017, and continuing. The President’s action authorizes FEMA to…
CDFI Fund: Conference Call on 2018 Bond Guarantee Program Round on December 18th and 19th
On November 1, 2017, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending…