Investment

HUD: Over $2 Billion Awarded to Help End Homelessness

Federal grants to help thousands of homeless assistance programs nationwide The U.S. Department of Housing and Urban Development today awarded $202 million in FY18 Continuum of Care (CoC) Program grants to support new homeless programs across the country, including nearly $50 million to projects dedicated to assisting survivors of domestic violence, dating violence, and stalking….

SBA: Apply for SBA Workshops on Women’s Business Center Grants

Funding Available to Help Train Idaho’s Women Entrepreneurs WASHINGTON – The U.S. Small Business Administration (SBA) will conduct workshops next week to train organizations in Idaho on best practices regarding the Women’s Business Center (WBC) grant application process. The following are the dates and locations of the workshops: Monday, Feb. 11 at 2 p.m. PST…

EDA: $800,000 Invested to Support Disaster Recovery Efforts in Houston, TX

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the International Economic Development Council (IEDC) of Washington, D.C., to support ongoing economic recovery needs in Texas in the wake of Hurricane Harvey. “We commend our partners at IEDC for helping to revitalize Houston’s economy following Hurricane Harvey,” said…

HUD: Funding Renewed to Thousands of Local Homeless Programs

$2 billion to renew existing grants to 5,800 community-based housing and service providers The U.S. Department of Housing and Urban Development (HUD) today awarded approximately $2 billion to renew support to thousands of local homeless assistance programs across the nation. HUD’s Continuum of Care grants will provide critically needed support to 5,800 local programs on…

ABA: Finxact, an Emerging Core Banking Technology Provider, Receives Investment from ABA

Investment Reflects ABA Member Interest in More Flexible Core Platforms The American Bankers Association today announced a direct investment in Finxact, an emerging technology company that offers an innovative, open core banking platform for financial institutions. The investment in Finxact reflects ABA’s commitment to ensuring that member banks have the technology and tools they need…

FEMA: $525 Million in Additional Federal Grants to Puerto Rico Announced

FEMA has awarded more than $525 million in additional funds to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.3 billion. The latest grants approved are as follows: More than $520 million to the Puerto Rico Department of Housing for…

ABA: Bank Economists Forecast Moderating Economic Growth and Heightened Uncertainty

According to a new forecast released today from the Economic Advisory Committee of the American Bankers Association, the pace of growth will moderate through 2019 and 2020, reflecting fading policy support in the U.S. and a slowing global economy. The median forecast of 15 chief economists from major North American banks surveyed the first week…

FEMA: $195 Million in Additional Federal Grants to Puerto Rico Announced

FEMA has awarded more than $195 million to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $4.7 billion. The latest grants approved are as follows: More than $158 million to the Puerto Rico Department of Education for emergency protective measures….

EDA: $666,000 Invested to Support Manufacturing Growth in New Hampshire

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $666,000 grant to the Winchester Economic Development Corporation of Winchester, New Hampshire, to help make roadway, sewer and water infrastructure improvements needed to establish a manufacturing-focused industrial park. According to grantee estimates, the project is expected to create 243 jobs and generate…