SBA: 14 Appointees Announced for the New Investment Capital Advisory Committee
The Committee Will Advise SBA in the Development of a More Inclusive and Accessible Ecosystem for Small Businesses Nationwide Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the appointment of 14 members to the newly established federal Investment Capital Advisory Committee (ICAC)….
EDA: Tech Hubs Competitions Applications Show Nationwide Excitement for Investing in America’s Technological Future
The U.S. Department of Commerce’s Economic Development Administration (EDA), announced the receipt of hundreds of applications for Phase 1 of the Regional Technology and Innovation Hubs (Tech Hubs) competition, a key piece of President Biden’s Investing in America agenda. In total, 48 states and 3 territories submitted Tech Hubs Phase 1 applications. Phase 1 of this competition will designate…
SBA: “Investing in America: Small Business Tools and Resources” Webinar Series Launched by SBA and the Public Private Strategies Institute
The U.S. Small Business Administration (SBA) formally announced today its “Investing in America: Small Business Tools and Resources” series, a new collaboration with Public Private Strategies Institute (PPSI) to expand public awareness of SBA’s programs, priorities, and initiatives that will empower business owners across the country, particularly those from underserved and disadvantaged communities. As part of…
SBA: $8 Million in PRIME Grants Awarded to Help Micro-Entrepreneurs
Grants will help 32 organizations with program development and provide training and technical assistance to improve access to capital for economically disadvantaged microentrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the awardees for the 2023 Program for Investment in…
SBA: 10th Annual National Veterans Small Business Week Scheduled for October 30th through November 3rd
The U.S. Small Business Administration (SBA) announced today that it will celebrate National Veterans Small Business Week (NVSBW) for the tenth consecutive year. The week-long event will take place Oct. 30-Nov. 3, 2023, and includes in-person and virtual events highlighting the nation’s nearly two million Veteran-owned small businesses. “This year marks our tenth celebration of National Veterans…
SBA: Extension of Moratorium on 8(a) Eligibility Requirement Announced
A Bona Fide Place of Business moratorium will increase the opportunity for small and disadvantaged businesses to expand and grow their businesses Today, on her first day of a multi-city Alaska trip, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the extension of the 8(a) Business Development Bona Fide Place of Business (BFPOB) Requirement Moratorium through…
SBA: Interim Guidance Released for 8(a) Program Participants in Light of Recent Lower Court Ruling
Today, the U.S. Small Business Administration released interim guidance regarding the 8(a) Business Development Program in light of a United States District Court ruling in Ultima Servs. Corp. v. Dep’t of Ag. affecting the program’s determination of social disadvantage. The updated interim guidance for 8(a) Program participants and applicants can be found on the SBA’s website here. The SBA, in…
SBA: Implementation Announced for Transformational SBIC Program Reforms
Reforms of SBA’s Small Business Investment Company Address Gaps in Equity and Debt Financing for Underserved and Undercapitalized Small Businesses Effective August 17 Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) Small Business Investment Company’s (SBIC) Diversification and Growth Final Rule is effective today. Under the new rule, which supports the Biden-Harris Administration’s economic and…
HUD: Waiver Package Announced to Help Hawaii Communities Recover from Fires
Today, the U.S. Department of Housing and Urban Development (HUD) announced a package of regulatory and administrative waivers to allow the use HUD funding to help communities in Maui and the Island of Hawai’i accelerate their recovery from the wildfires. Today’s announcement represents follows initial support HUD provided to families in the wake of the fires. “We’re…
ABA & TBA Call on CFPB to Extend 1071 Stay to All FDIC-Insured Banks
In a new letter to CFPB Director Rohit Chopra, the Texas Bankers Association (TBA) and American Bankers Association (ABA) called on the Consumer Financial Protection Bureau to extend U.S. District Court Judge Randy Crane’s recent court order pausing the CFPB’s 1071 Final Rule implementation to all FDIC-insured banks. “As you know, we requested relief for every entity subject to…