Biden-Harris Administration Announces Changes to PPP to Further Promote Equitable Access to Relief
The White House
| Feb. 22 |
The Biden-Harris administration has made delivering equitable relief to hard-hit small businesses a top priority. The Biden-Harris administration is announcing several reforms to build on this success by further targeting the PPP to the smallest businesses and those that have been left behind in previous relief efforts. These efforts will extend much-needed resources to help small businesses survive, reopen, and rebuild.
MSRB Analyzes Effects of COVID-19 on Municipal Bond Market
| Feb. 11 |
In a new report on the effects of the COVID-19 pandemic on the municipal bond market, the MSRB found market resilience in the face of unprecedented volatility. The MSRB found unprecedented municipal mutual fund outflows in March 2020, but net inflows of $39 billion by the end of the year, as well as a return to lower rates following significant market dislocation in March 2020.
Fact Sheet: Update on USDA Activities to Contain the COVID-19 Pandemic
| Feb. 10 |
The USDA is responding to President Biden's call for all parts of the federal government to contribute resources — facilities, personnel, and expertise — to contain the pandemic. The USDA is offering its personnel, facilities, cold chain infrastructure, public health experts, disaster response specialists, and footprint in rural areas and tribal communities across the country to help contain the pandemic and get the economy back on track.
SBA and Lenders Take More Steps to Improve Paycheck Protection Program
| Feb. 10 |
The U.S. Small Business Administration and lenders are taking more strides to improve the Paycheck Protection Program (PPP) so that small businesses can access much-needed PPP funds to persevere through the pandemic, recover, and build back better. The Administration is working with the Agency to increase equitable access to underserved small businesses, to assure the integrity of the program, and to promote the rapid and efficient distribution of funds.
SBA Takes Steps to Improve First Draw Paycheck Protection Program Loan Review
| Jan. 26 |
The U.S. Small Business Administration is taking steps to improve the First Draw Paycheck Protection Program loan review so that small businesses have as much time as possible to access much needed PPP funds. While reviewing the initial draw of PPP loans, anomalies – mostly data mismatches and eligibility concerns – were identified in approximately 4.7% of the lender-submitted data.
Small Business Funding Portal - U.S. SBA
| Jan. 19 |
A resource of private funding options to help small businesses. Browse options available nationally, or input a zip code to explore location-specific funding.
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
View more Federal Resources
| Jan. 8 |
The SBA, in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote initial access to capital, only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.
How States Can Direct Economic Development to Places and People in NeedMembers only Login
To address local disparities and help struggling areas thrive, governments at all levels have spent billions of dollars on a range of geographically targeted, or "place-based," economic development programs — mostly in the form of financial incentives — designed to boost job creation and business investment, incentivize real estate development, or increase property values in specific places. The Pew Charitable Trusts performed a literature review of more than 100 studies to better understand the reasons for lack of effectiveness of place-based programs.
State Tax and Economic Review, 2020 Quarter 2Members only Login
States saw steep declines in revenues in the second quarter of 2020, though some of this was caused by shifting revenues into the next quarter and next fiscal year. Consequently, most states ended the 2020 fiscal year uncertain about their fiscal bottom line. Many states cut spending, laid off or furloughed workers, or used federal aid or rainy-day funds, while they waited to see what their revenues would be after the July 15 income tax filing deadline.
State Tax Revenue During the COVID-19 PandemicMembers only Login
This dataset, compiled by the Urban Institute, examines the economic factors driving state tax collections during the COVID-19 pandemic based on data from US federal agencies like the Bureau of Economic Analysis, Bureau of Labor Statistics, and Federal Housing Finance Agency.
Local Data for Equitable Recovery
Local Data for Equitable Recovery is a resource hub curated by the Urban Institute and the National Neighborhood Indicators Partnership (NNIP) that highlights how local communities can use data and information to respond equitably and effectively to long-standing disparities exacerbated by the COVID-19 health crisis.
Creating Lasting Change through Community LeadershipMembers only Login
This piece from the Urban Institute examines how the students, parents, community organizers, and local leaders in Camden, NJ, Perry County, KY, and Hayward, CA are using data to make their communities better for themselves, for their neighbors, and for future generations through the Promise Neighborhoods program.
Homeownership and Closing the Racial Wealth Gap
LISC CEO Maurice A. Jones joined President Bill Clinton, former HUD Secretary Julian Castro, and Atlanta Mayor Keisha Lance Bottoms to talk solutions to the housing crisis in a post-pandemic landscape on a Clinton Foundation video-streamed panel, "Affordable Housing and (Re)building the American Dream."
Local Food Systems Response to COVID
The COVID-19 pandemic and associated public health and social distancing mandates caused unprecedented shifts and disruptions for Local and Regional Food Systems (LRFS). USDA Agricultural Marketing Service (AMS) along with the cooperating research team led by the University of Kentucky seek to enrich existing efforts within LRFS communities of practice who provide essential support to our nation’s local food producers.
Assessment of County Needs in Economic Recovery from COVID-19
View More Disaster Recovery & Relief Resources
County leaders have witnessed firsthand the impacts of the COVID-19 pandemic on their neighbors and constituents and are well-informed on needs arising in their local communities. While county governments are uniquely positioned to support recovery efforts, counties, themselves, need support to meet those needs and secure the physical and economic well-being of their residents moving forward. This report outlines what county leaders have identified as primary concerns, priority actions and resources needed to create equitable long-term economic recovery.