ABA: New Webpage Launched Highlighting Programs Designed to Improve Access to Capital for Underserved Small Businesses
The American Bankers Association today launched a new webpage providing information on special purpose credit programs (SPCPs) and highlighting the role they can play in meeting the credit needs of economically disadvantaged small businesses. In support of the Office of the Comptroller of the Currency’s Project REACh, ABA is making this online resource available for banks and other…
SBA: Cross-Country Latino Prosperity Tour Announced
Initiative will feature Presidential Cabinet members highlighting the Biden-Harris Administration’s whole-of-government commitment to advancing Latino prosperity Following President Biden’s State of Union address on Tuesday, SBA Administrator Isabella Casillas Guzman traveled to Tucson, Arizona today to announce plans for the upcoming Biden-Harris Administration Latino Prosperity Tour. This tour will spotlight the whole-of-government approach the Biden-Harris…
ABA: Association Offers Congressional Testimony on Strength of Banking Industry
FirstBank CEO Jim Reuter appears on behalf of ABA members before House Financial Services Subcommittee on Financial Institutions and Monetary Policy The American Bankers Association today provided testimony to the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on the banking industry’s public policy priorities, new initiatives to foster innovation and competition in financial services,…
SBA: Informational Webinars Announced for 2023 Growth Accelerator Fund Competition
Agency to Host Virtual Informational Events for Qualified Applicants February 6-9. Today, the U.S. Small Business Administration announced virtual events will be held for applicants for its seventh Growth Accelerator Fund Competition (GAFC). The GAFC will offer $13 million in prizes awarded in 2023 and 2024 aimed at expanding growth accelerators and creating innovative partnerships with…
SBA: Disaster Enterprise Transformed to Strengthen Support for Disaster-Impacted Communities
The Reimagined Office of Disaster Recovery & Resilience Will Position SBA to Support the Biden-Harris Whole-of-Government Climate Change Response 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 second stage of the Agency’s realignment and strengthening of its disaster…
Census Bureau: 2022 Economic Census of Businesses Underway
Today the U.S. Census Bureau announced the beginning of data collection for the 2022 Economic Census. Businesses across the nation will begin receiving invitations to respond online to the economic census and will have until March 15 to submit their responses. The economic census is the U.S. government’s official 5-year measure of American businesses and…
HUD: Community Compass Technical Assistance and Capacity-Building Program Seeking Technical Assistance Providers
Today, the U.S. Department of Housing and Urban Development (HUD) is announcing the availability of at least $80,681,000 for the Community Compass TA Program and capacity-building activities for HUD’s customers. This program is focused on solving complex housing and community development challenges by equipping HUD customers with the knowledge, skills, tools, and systems to implement…
SBA: Applications for the SBA Veteran Small Business Certification Program Now Open
Today, the U.S. Small Business Administration (SBA)began accepting applications through the Veteran Small Business Certification (VetCert) program as part of the Biden-Harris Administration’s commitment to expanding access to resources for Veterans and other underserved populations. The improvements in the customer experience for Veteran entrepreneurs and business owners made by VetCert will build upon the $25 billion in government contract…
SBA: New HUBZones Announced in Louisiana to Expand Federal Contracting Opportunities for Small Businesses Across the State
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, and Louisiana Governor John Bel Edwards, the state’s 56th governor, announced the expansion of HUBZone across Louisiana, a program that provides small businesses in low-income communities that hire low-income residents with opportunities…
FFIEC: Federal Bank Regulatory Agencies Release 2021 Small Business, Small Farm and Community Development Lending Data
The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2021. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm…