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SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program

Release Date:  Thursday, May 28, 2020 WASHINGTON – Today, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs).  CDFIs work to expand economic opportunity …

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Commerce Department Invests $10 Million in Florida to Support Business Recovery Efforts and Advanced Manufacturing

Hon. Secretary of Commerce Mr. Wilber Ross Commerce Department Invests $10 Million in Florida to Support Business Recovery Efforts and Advanced Manufacturing Investing in communities and workers Friday, May 29, 2020 Office of Public Affairs FORT PIERCE, FL – Today, U.S. Secretary of Commerce Wilbur Ross announced $10 million in Economic Development Administration (EDA) grants …

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The United States is Continuing to Lead the Response to COVID-19

MAY 29, 2020 Washington DC. The United States continues to lead in the face of the COVID-19 pandemic, illustrated by recent announcements of new foreign assistance that are made possible through the American people’s generosity and the U.S. Government’s action. The American people have given more than $11 billion that will benefit the global COVID-19 …

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Behind President Trump’s action to protect America’s food supply

President Trump is using the Defense Production Act to ensure that Americans have a reliable supply of beef, pork, and poultry during the global Coronavirus pandemic. Food supply is critical infrastructure, essential to the health and safety of every American citizen. Recent actions in some states have led to the complete closure of large processing …

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