<p><span> Earlier today, Deputy Secretary of the Treasury Wally Adeyemo met with the Board of Directors of the Opportunity Finance Network (OFN), led by President and CEO Lisa Mensah. Deputy Secretary Adeyemo shared President Biden and Secretary Yellen’s vision for an equitable and sustainable recovery, including tapping into the unrealized potential of small businesses across the country by supporting Community Development Financial Institutions (CDFI) and Minority Depository Institutions (MDI) through policies like the $3 billion CDFI Rapid Response Program. Deputy Secretary Adeyemo asked for the Board’s advice on how Treasury can better utilize its tools to serve underrepresented communities and how to ensure the commitments made by the private sector in the wake of the murder of George Floyd and the subsequent racial justice movement, are realized and are upheld.</span></p>
Comerica taps exec to head new Asian American outreach efforts americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Comerica Bank is earmarking $5 billion for small business lending over the next three years and expanding a support program."Coming out of this pandemic, now more than ever, small businesses need our support," Cassandra McKinney, executive vice president of Comerica's Retail Bank, said in a news…
It was terrifying, said the 44-year-old Parks, who had been in business for only six months before the crisis hit.
She took advantage of as many programs as she could state funding, and Economic Injury Disaster Loan and the Paycheck Protection Program. Yet it wasn t enough to cover all of her overhead costs, including rent, insurance and utilities.
In April, she slowly started to reopen: one night a week and at a very small capacity making enough to pay for the staff, musicians and inventory for the evening.
Lucius Pham
xBk, a performance theater in Des Moines, Iowa was closed for more than a year during the pandemic.
As Small Businesses Slowly Recover, Financial Help Becomes More Targeted Here s What s Available nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.