ABA: Foundation Honors Texas Banker with Distinguished Service Award
Marcus A. Vasquez, a Texas banker, has been named the ABA Foundation’s 2018 George Bailey Distinguished Service Award winner for his efforts to assist his community after Hurricane Harvey. Vasquez currently serves as the vice president and fair banking officer for Allegiance Bank in Houston, and has more than 14 years of banking experience both…
EDA: $14.5 Million Invested to Support Disaster Recovery Efforts in Texas
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $14.5 million in grants to communities throughout Texas to help support local recovery efforts following Hurricane Harvey. According to grantee estimates, the project is expected to create and retain over 480 jobs, while generating $512 million in private…
SBA: Hurricane Florence Survivors Eligible for SBA Loan Deferments
To further support Hurricane Florence recovery efforts, the U.S. Small Business Administration will offer deferments of up to nine months on SBA-serviced loans held by eligible residents, businesses and private nonprofits. Borrowers located in a North or South Carolina county designated a federal disaster area after Hurricane Florence, with SBA loans in “regular servicing” status…
EDA: $3.5 Million Invested to Establish a Business Disaster Response Center in Caguas, Puerto Rico
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to Iniciativa Tecnológica Centro Oriental, Inc. (INTECO) of Caguas to construct the Business Disaster Response Center. According to grantee estimates, the project is expected to create 324 jobs, retain 360 jobs, and spur $660,000…
HUD: Department and U.S. Virgin Islands Sign $243 Million Disaster Recovery Grant Agreement
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Pamela Hughes Patenaude and the U.S. Virgin Island’s Governor Kenneth Mapp today announced the formal execution of a $243 million grant agreement to help citizens in the U.S. Virgin Islands to recover from…
FEMA: Nine Additional North Carolina Counties Designated for Individual Assistance
Homeowners, renters and business owners in Hoke, Hyde, Johnston, Lee, Moore, Pitt, Richmond, Scotland and Wilson counties may now apply for disaster assistance for uninsured and underinsured damage and losses resulting from Hurricane Florence. To be eligible for federal disaster aid, storm damage and losses from the hurricane and flooding must have occurred as a…
EDA: $2.3 Million Invested in Puerto Rico to Grow Local Businesses in Wake of 2017 Storms
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $2.3 million in grants to the Universidad del Sagrado Corazón in San Juan to help support entrepreneurial efforts following the damage caused by Hurricanes Irma and Maria. According to grantee estimates, the projects are expected to create and…
ABA: Association Donates $100,000 to North Carolina Bankers Association Hurricane Relief Fund
In light of the devastating impact Hurricane Florence has had on North Carolina, the American Bankers Association will donate $100,000 dollars to a relief fund created by the North Carolina Bankers Association. ABA will also match donations made by ABA employees. The fund will assist bank employees and their families affected by the storm and…
HUD: $1.5 Billion Disaster Recovery Grant Agreement for Puerto Rico Signed
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria. The signing…
EDA: $600,000 Invested to Help Small Businesses in the Houston-Galveston Area in Wake of Hurricane Harvey
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Hidden Star Resources to help fuel new development and provide support to existing small businesses recovering from the effects of Hurricane Harvey. “We commend Hidden Star Resources for their efforts to provide support to small businesses after the destruction…