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.
All labels observed (1)
| Label | Occurrences |
|---|---|
| BEA Program canonical | 1 |
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.