EDA: $800,000 in CARES Act Recovery Assistance Invested to Support Marketing Plan to Aid Reopening Tourism Economy in Alabama Gulf Coast Region
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 CARES Act Recovery Assistance grant to the Alabama Gulf Coast Convention and Visitors Bureau, Orange Beach, Alabama, to develop and implement a tourism recovery marketing campaign in response to the economic downturn that resulted from the coronavirus pandemic. This EDA grant…
EDA: $749,810 in CARES Act Recovery Assistance Invested to Provide Technical Assistance in Monterey Bay Region of California
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $749,810 CARES Act Recovery Assistance grant to the University Corporation at Monterey Bay, Seaside, California, to provide technical assistance to coronavirus-impacted small businesses and support the economic resiliency of the Monterey Bay region. This EDA grant is expected to create 35 jobs,…
EDA: $600,000 in CARES Act Recovery Assistance Invested to Support Growth and Resilience of Food Manufacturing Sector in Hawaii
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 CARES Act Recovery Assistance grant to the Hawaii Technology Development Corporation (HTDC), Honolulu, Hawaii, to provide technical assistance to small businesses in the state’s food manufacturing sector. This EDA grant, to be matched with $150,000 in local investment, is expected to…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Support Broadband Planning in California’s Central Sierra Region
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to the County of Tuolumne, California, to create a guiding document on the development of broadband in the five-county Central Sierra region. “The Economic Development Administration plays an important role in supporting locally-generated economic development strategies…
SBA: Shuttered Venue Operators Grant Applications Opened on April 8th
Help is here with $16.2 billion for venues, theatres, and more The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application portaltomorrow, April 8, 2021 at 12 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and…
EDA: Department of Commerce Awards $29 Million in SPRINT Challange Grants to Respond to the Coronavirus Pandemic
U.S. Secretary of Commerce Gina Raimondo today announced that a total of $29 million would be awarded to 44 organizations as part of the Economic Development Administration’s (EDA) Scaling Pandemic Resilience Through Innovation and Technology (SPRINT) Challenge. Last year, the SPRINT Challenge was launched to harness America’s entrepreneurial potential to address the economic, health, and…
CFPB: Mortgage Servicing Changes Proposed to Prevent Wave of COVID-19 Foreclosures
Millions of homeowners expected to exit forbearance in the coming months The Consumer Financial Protection Bureau (CFPB) today proposed a set of rule changes intended to help prevent avoidable foreclosures as the emergency federal foreclosure protections expire. Due to the COVID-19 pandemic and ensuing economic crisis, millions of families nationwide have suffered the loss of…
CFPB: New Compliance Bulletin Warns Mortgage Servicers: Unprepared is Unacceptable
Servicers Should Gear Up for Expected Surge in Homeowners Needing Assistance The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall. Millions of homeowners currently in forbearance will need help from their servicers when the pandemic-related federal emergency mortgage protections…
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…
CFPB: Series of Policy Statements Rescinded to Ensure Industry Complies with Consumer Protection Laws
The Consumer Financial Protection Bureau (CFPB) today announced it is rescinding seven policy statements issued last year that provided temporary flexibilities to financial institutions in consumer financial markets including mortgages, credit reporting, credit cards and prepaid cards. The seven rescissions, effective April 1, provide guidance to financial institutions on complying with their legal and regulatory…