SBA: New Fact Sheet Details Help Provided to America’s Small Businesses in Recovering from the COVID-19 Pandemic
While the holidays may still look a little different this year, the U.S. has made significant strides to ensure Americans can safely congregate with their loved ones for the Thanksgiving holiday and take part in celebrations to shop local and small on Small Business Saturday. Last year, shoppers came together in full force to support…
HUD: $20 Million Awarded for Eviction Protection and Diversion
The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced $20 million in inaugural grants from its Eviction Protection Grant Program, the first of its kind for the Department. These grants will be awarded to legal service providers to assist in providing legal assistance to low-income tenants at risk of or subject to…
ABA: Report Shows Credit Card Trends in Second Quarter 2021 Suggest Strong Recovery
Credit conditions in the second quarter point to a strong recovery from last year’s recession as U.S. consumer spending continued to expand, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor released today. Monthly purchase volumes increased sharply from the first quarter, surpassing pre-pandemic numbers, while credit card debt as a share…
SBA: Guidance Announced Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
Agency Strongly Encourages Submission of Supplemental Advance Applications by December 10; All Applications Due by December 31 Today, the U.S. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Since its inception, the COVID EIDL program, a federal…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Develop Local Food Supply Chains and Diversify the Regional Economy in Philadelphia, PA
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 the Board of Control for Southern Regional Education to develop local food supply chains in Philadelphia, Pennsylvania. This grant will facilitate the immediate development of locally accessible food…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Improve Broadband Access in Medina County, TX
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 Medina, Texas, to improve broadband access. The EDA grant will support local business and community needs by providing broadband infrastructure. The project will increase high-speed internet access in rural Medina County to…
Census Bureau: Small Business Pulse Survey Phase 7 Started
The U.S. Census Bureau today announced the beginning of data collection for Phase 7 of the Small Business Pulse Survey (SBPS). This experimental survey was designed and launched in April 2020 to measure the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses….
FEMA: Funding for COVID-19 Response Will Continue Through April 1, 2022
President Joseph R. Biden, Jr. announced Tuesday that funding to support all eligible COVID-19 work will continue at a 100% federal cost share through April 1, 2022. This funding will be available to local, state, tribal or territorial governments and certain non-profit organizations for eligible costs associated with ongoing COVID-19 recovery efforts and vaccine initiatives. FEMA will continue…
Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic
Summary: The Board of Governors of the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators (collectively, the agencies) are issuing a joint statement to alert industry that the supervisory flexibilities outlined in the April…
EDA: $4.9 Million in CARES Act Recovery Assistance Invested to Support Healthcare Workforce Training Efforts in Pueblo, CO
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.9 million CARES Act Recovery Assistance grant to Pueblo Community College (PCC), Pueblo, Colorado, to expand the college’s healthcare training program. The project will allow PCC to expand and grow its healthcare program, adding 225 students,…