CHICAGO — THE LATEST BEIGE BOOK REPORT, compiled by the Board of Governors of the Federal Reserve System with data from the 12 Federal Reserve Districts, shows that the U.S. economy continued to expand slightly in June and early July. Eleven districts noted expanding economic activity.
Early August brought news that the current administration had awarded $9 million in the multi-agency Rural Jobs and Innovation Accelerator Challenge. The program is designed to spur job and economic growth in rural regions. Economic development partnerships and initiatives in a dozen states—Alaska, Arkansas, Connecticut, Illinois, Kansas, Louisiana, Mississippi, New Hampshire, North Carolina, South Carolina, Virginia and West Virginia—will receive awards. Last year’s winners generated millions in matching funds, and their projects are expected to create thousands of new jobs and hundreds of new businesses, according to the U.S. Department of Commerce.