EDA: $2.24 Million in CARES Act Recovery Assistance Invested to Support Economic Growth and Resiliency Efforts in New Mexico
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $2.24 in CARES Act Recovery Assistance grants to help the state of New Mexico prevent, prepare for, and respond to coronavirus. “EDA is committed to helping communities across New Mexico fight economic hardships brought on by COVID-19,” said Dennis Alvord, Acting Assistant Secretary…
EDA: $1.76 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund for Businesses Across 24 Oklahoma Counties
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.76 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic across 24 Oklahoma…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund for Businesses in Omaha-Council Bluffs Metropolitan Area
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.5 Million CARES Act Recovery Assistance grant to the Omaha-Council Bluffs Metropolitan Area Planning Agency, Omaha, Nebraska, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in the…
EDA: $900,000 in CARES Act Recovery Assistance Invested to Bolster Workforce Development in Little Rock, AR
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $900,000 CARES Act Recovery Assistance grant to the University of Arkansas at Little Rock, Little Rock, Arkansas, to develop a workforce training strategy with a special emphasis on technological skills and to support business community recovery efforts across Arkansas. The EDA grant…
Census Bureau: Household Pulse Survey Phase 3 Biweekly Data Released
The U.S. Census Bureau today released new data from the extension of the third phase of the experimental Household Pulse Survey. The extension includes intent-to-vaccinate and stimulus payment questions. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing…
SBA: Lenders and SBA Take More Steps to Improve Paycheck Protection Program
Loan data shows 1.3 million loans and significant increase to underserved entrepreneurs Today, the U.S. Small Business Administration and lenders are taking more strides to improve the Paycheck Protection Program (PPP) so that small businesses can access much needed PPP funds to persevere through the pandemic, recover, and build back better. The Administration is working with the Agency to increase…
FHFA: COVID-Related Loan Flexibilities Further Extended Until March 31, 2021
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until March 31, 2021. The changes are designed to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on February 28, 2021. Extended flexibilities include: Alternative appraisals…
FHFA: Foreclosure and REO Eviction Moratoriums and COVID Forebearance Period Extended
Borrowers can now be in COVID forbearance for up to 15 months Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The…
Federal Reserve: Second Extension of Rule to Bolster Effectiveness of SBA’s Paycheck Protection Program Announced
The Federal Reserve Board on Tuesday announced the second extension of a rule to bolster the effectiveness of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Like the earlier extensions, this one will temporarily modify the Board’s rules so that certain bank directors and shareholders can apply to their banks for PPP loans for…
EDA $6.9 Million in CARES Act Recovery Assistance Invested to Establish Workforce Training Facility at College of Southern Nevada
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $6.9 million CARES Act Recovery Assistance grant to the Nevada System of Higher Education, Las Vegas, Nevada, to support workforce education and training at the College of Southern Nevada. This EDA grant is expected to help create 300 jobs. “EDA is pleased…