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$8.7B for SDB, small biz, minority loans
The Treasury Dept. announced $8.7 billion to be made available to 186 community financial institutions through the Emergency Capital Investment Program. The program aims to increase lending to small and minority-owned businesses, and low- to moderate-income consumers in underserved communities. The funding will be channeled through banks, credit unions and holding companies designated as Community Development Financial Institutions or Minority Depository Institutions. The minority depository institutions will receive $3.1 billion.
Partial List of Financial Institutions Distributing
ECIP Funding
| AK | First National Bank Alaska |
| AL | First Vernon Bancshares, Inc. |
| AR | Commercial Bancshares, Inc. |
| AZ | A E A FCU; Pyramid FCU |
| CA | Beneficial State Bancorp, Inc.; Broadway Financial Corp |
| CO | First Southwest Bancorporation |
| CT | Members Credit Union, Inc. |
| DC | DC FCU; Industrial Bank |
| FL | BANESCO USA |
| GA | Camilla Bancshares, Inc. |
| HI | Kauai Government Employees FCU |
| ID | Clarity Credit Union |
| IL | Community Plus FCU; Millennium Bancorp, Inc. ; South Side Community FCU |
| IN | Afena FCU |
| KY | Optus Financial Corporation |
| LA | ANECA FCU; BSJ Bancshares, Inc.; Caldwell Holding Co.; Capital Bancorp, Inc.; St. Francisville Bancshares Inc. |
| MA | Greylock FCU |
| MD | Harbor Bankshares Corporation; Securityplus FCU; SkyPoint FCU |
| MI | Advia Credit Union; One Detroit Credit Union |
| MN | University Financial Corp GBC |
| MO | Central Bancshares of Kansas City |
| MS | BancPlus Corp.; BankFirst Capital; Southwest Security, Inc. |
| MT | Clearwater FCU |
| NC | Latino Community Credit Union; Marine FCU |
| NJ | 1st Bergen FCU; New Millennium Bank |
| NY | Alternatives FCU; Lower East Side People's FCU; New Covenant Dominion FCU |
| OH | Commodore Perry FCU |
| OK | Arbuckle FCU; OK - Bancorp of Okolona, Inc. |
| OR | Central Willamette Credit Union; MidOregon FCU |
| PA | Asian Financial Corp |
| SC | Optus Financial Corporation |
| SD | Sisseton-Wahpeton FCU |
| TN | Carroll Financial Services, Inc. |
| TX | AOB Ventures, Inc.; Bright Force Holding, LLC |
| VA | Freedom First Credit Union; Peoples Advantage Federal Credit Union |
| WA | Industrial Credit Union |
More Information:
Complete list of ECIP funding recipients: https://bit.ly/3eIzWGy
and : https://bit.ly/3qKLHSi
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Inside this edition:
What did Congress cut in final NDAA? 25% small biz goal, more
$15 min wage starts Jan. 30
Minority small biz got 9.5% of awards in 2020
Kevin Boshears
Small biz “commercial item” lawsuit could have wider impact
Services MAC plans updated
CIO-SP4 RFP amended again
Small biz aided by PPP: Rand
$8.7B for SDB, small biz, minority loans
$1.1M for Native-owned
Column: M&A for Small GovCons -- Buying Without Buyer’s Remorse!
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Courts back OSHA & healthcare vax mandates
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“Extra year” expires for some 8(a)s on Jan. 13
Coronavirus Update
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