BEA Program
E10941
The BEA Program is a U.S. Treasury initiative that provides financial incentives to banks to increase lending, investment, and financial services in economically distressed communities.
Statements (32)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal government program
→
community development financial incentive program → |
| administeredBy |
Community Development Financial Institutions Fund
→
United States Department of the Treasury →
surface form: "U.S. Department of the Treasury"
|
| aimsTo |
encourage banks to serve underserved markets
→
leverage private sector resources for community development → stimulate economic activity in distressed communities → |
| associatedWith | Community Development Financial Institutions Fund programs → |
| benefits | cash awards based on increases in qualified activities → |
| country |
United States of America
→
surface form: "United States"
|
| eligibleInstitutionType | FDIC-insured depository institutions → |
| focusArea |
community development
→
economic development → financial inclusion → |
| fullName | Bank Enterprise Award Program → |
| geographicFocus | economically distressed communities in the United States → |
| incentiveType |
financial incentives
→
monetary awards → |
| jurisdiction |
United States government
→
surface form: "United States federal government"
|
| purpose |
to encourage investment in economically distressed communities
→
to expand the provision of financial services in economically distressed communities → to provide financial incentives to banks to increase lending in economically distressed communities → |
| regulatoryContext | U.S. Treasury community development initiatives → |
| relatedTo |
Community Development Financial Institutions Fund
→
surface form: "Community Development Financial Institutions Program"
New Markets Tax Credit Program → |
| sector |
banking
→
community development finance → |
| supportsActivity |
equity investments in community development projects
→
increased lending in low-income communities → provision of financial services in underserved areas → |
| targetAudience |
banks
→
insured depository institutions → |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.