Pandemic

Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released

The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…

EDA: $1.1 Million in CARES Act Recovery Assistance Invested for Biotechnology Expansion to Develop Treatments for COVID-19 in Brooklyn, NY

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to BioBAT, Inc., Brooklyn, New York, for the renovation of workspace designated for two biotechnology companies. This investment will support the development of products to treat COVID-19 and will…

EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Healthcare Workforce Development in The Dalles, OR

Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to Columbia Gorge Community College, The Dalles, Oregon, to renovate and modernize an existing facility to grow healthcare workforce development programs. This project will provide new and expanded training opportunities…

EDA: $911,900 in CARES Act Recovery Assistance Invested to Expand Workforce Training in Central Illinois

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $911,900 CARES Act Recovery Assistance grant to Illinois Central College, East Peoria, Illinois, to expand its workforce training facilities. This project will grow Illinois Central College’s workforce training programs, helping to fill in-demand jobs in the manufacturing, transportation, and healthcare sectors. This…

FDIC: James Madison University College of Business Wins FDIC’s Second Annual Academic Challenge

Undergraduate team selected for examination of the impact of COVID-19 on U.S. banks The Federal Deposit Insurance Corporation (FDIC) today announced a four-member team of undergraduate students from James Madison University College of Business won the agency’s Second Annual FDIC Academic Challenge, a competition among university and college students concerning the U.S. banking sector. The FDIC…

OCC: New Publication Focuses on Bank Partnerships in Community Reinvestment and Resilience

The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Partners in Recovery: Community Reinvestment and Resilience.” This edition of Community Developments Investments highlights how banks can collaborate with community development financial institutions, minority depository institutions, and other community-based groups to help rebuild communities recovering from the COVID-19 pandemic…

Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released

 The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…

FHFA: Foreclosure Suspension Announced for Borrowers Applying for Relief through the Homeowner Assistance Fund

Servicers with mortgages backed by Fannie Mae and Freddie Mac must delay the foreclosure process for up to 60 days  The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that…

HUD: Additional $3.3 Million in American Rescue Plan Funds Made Available to Fight Housing Discrimination Related to the Coronavirus Pandemic

The U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making an additional $3,285,353 in American Rescue Plan (ARP) funding available to help HUD’s Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. Organizations that qualify for the funding, which is being awarded through FHIP’s…

Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released

The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…