Industry News

HUD: $145 Million Funding Opportunity Announced to Address the Needs of Youth Experiencing Homelessness

The U.S. Department of Housing and Urban Development (HUD) is making $145 million in competitive funding available to build systems intended to end youth homelessness in local and rural communities through HUD’s Youth Homelessness Demonstration Program (YHDP). Competitive funding is available to up to 50 communities for implementation of youth specific innovative programs to address the…

SBA: Veterans Small Business Advisory Committees to Host Virtual Public Meetings on June 2nd and 3rd

The U.S. Small Business Administration’s Interagency Task Force on Veterans Small Business Development (IATF) and Advisory Committee on Veterans Business Affairs (ACVBA) will hold virtual public meetings on June 2 and 3, respectively, via Microsoft Teams. “Each quarter, our advisory committees convene to discuss the challenges faced by the veteran small business community as well as to recommend advice and policy changes for our Agency, Congress, the…

EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Establish Workforce Training Program at Philander Smith College

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million CARES Act Recovery Assistance grant to Philander Smith College, Little Rock, Arkansas, to develop the HBCU Center of Excellence in Digital Education and Rural Workforce Development. This EDA grant, to be matched with $638,420 in…

SBA: Millennium Challenge Corporation and SBA Announce Strategic Collaboration to Advance Emerging Technologies from Small Businesses

The U.S. Small Business Administration and The Millennium Challenge Corporation (MCC) signed a Memorandum of Understanding today to advance emerging technologies and innovations developed through the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs. The SBA/MCC partnership will identify, pilot, and scale innovative technologies to address country-specific needs in sectors such as renewable energy,…

CDFI Fund: Request for Information about NMTC Program Native Initiative Released

Today, the Community Development Financial Institutions Fund (CDFI Fund) released a Request for Information related to an upcoming procurement that is part of a broader effort to increase New Markets Tax Credit (NMTC) investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands, and Alaska Native Village Statistical Areas (NMTC Native Areas). Industry and subject-matter experts…

EDA: $6 Million in CARES Act Recovery Assistance Invested to Build Nursing School and Expand Biomedical Research Facility in Texas

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $6 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “President Biden is focused on getting Americans back to work as we build back better from…

EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support Tourism and Economic Recovery Efforts in Kentucky

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.8 million in CARES Act Recovery Assistance grants to help the state of Kentucky prevent, prepare for, and respond to the coronavirus. “President Biden remains steadfast in his commitment to providing local communities with the resources necessary…

EDA: $2.7 Million in CARES Act Recovery Assistance Invested to Support Regional Economic Growth in Hawaii

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million CARES Act Recovery Assistance grant to the University of Hawaii, Honolulu, Hawaii, to strengthen, expand, and scale its work supporting entrepreneurship and job creation. This EDA grant will be matched with $813,068 in local…

EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Renovate Northwest Medical Center in Winfield, AL

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million CARES Act Recovery Assistance grant to Healthcare Authority of Winfield, Winfield, Alabama, to renovate Northwest Medical Center. This EDA grant, matched by $1.5 million in local funds, is expected to generate nearly $2 million…

EDA: $2 Million Invested to Make Water Infrastructure Improvements Needed to Grow the Automotive Sector in Greer, SC

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Greer Commission of Public Works, Greer, South Carolina, to construct a new pump station needed to accommodate the expansion of the region’s automotive sector. This EDA project, to be matched with…