EDA: $1.17 Million in CARES Act Recovery Assistance Invested to Support Small Businesses and Manufacturers in Underserved Areas of San Jose, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.17 million CARES Act Recovery Assistance grant to the city of San Jose, California, to provide technical assistance to coronavirus-impacted small businesses and manufacturers in underserved areas of the city. “The Economic Development Administration is committed to helping communities across the nation…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Support Construction of Career Workforce Academy in Fargo, ND
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to North Dakota State College of Science Foundation, Wahpeton, North Dakota, to build the Career Workforce Academy in Fargo. This EDA grant, to be matched with $4,840,139 in local investment, is expected to create 109…
EDA: $842,522 in CARES Act Recovery Assistance Invested to Support Economic Recovery and Resiliency Efforts in Bershires Region of Massachusetts
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $842,522 CARES Act Recovery Assistance grant to the Berkshire Regional Planning Commission, Pittsfield, Massachusetts, to develop and implement an economic recovery and resiliency plan and provide technical assistance to bolster the region’s ability to withstand future economic disruptions. This EDA grant will…
EDA: $800,000 in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses in Albany County, WY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 CARES Act Recovery Assistance grant to Laramie Chamber Business Alliance, Laramie, Wyoming, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in Albany County. The EDA grant,…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Support Business Education and Mentorship in Eugene, OR
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to the Eugene Chamber of Commerce, Eugene, Oregon, to provide education and mentoring support needed to help area businesses respond to the coronavirus pandemic. This EDA grant, to be matched with $184,771 in local investment, is…
CDFI Fund: Applications Open for COVID-19 Stimulus Funds Under CDFI Rapid Response Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the CDFI Rapid Response Program (CDFI RRP) today. The program will provide $1.25 billion, authorized by the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (P.L. 116-260), to Community Development Financial Institutions…
HUD: $2.7 Billion Awarded to Improve, Preserve Nation’s Public Housing
Housing authorities will use funding to modernize housing for families, seniors The U.S. Department of Housing and Urban Development today awarded more than $2.7 billion in funding to nearly 2,900 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands to make…
HUD: FHA Extends Single Famly Policy Flexibilities to Maintain Mortgage Originations and 203(k) Rehabilitation Projects Through June 2021
Today, the Federal Housing Administration (FHA) announced extensions of a set of policy flexibilities for single family lenders and servicers designed to maintain new mortgage originations for homebuyers and allow 203(k) rehabilitation projects to continue during the COVID-19 pandemic. These temporary policies recognize the sustained need for flexibility during this critical time to ensure mortgage…
EDA: U.S. Department of Commerce Launches $38 Million Build to Scale Program to Fuel Innovation and Tech-Based Economic Development
Today, the U.S. Department of Commerce announced the opening of the Economic Development Administration’s (EDA) FY21 Build to Scale (B2S) program, which is designed to invest in regional economies through scalable startups. The Build to Scale program’s national competitions will deploy $38 million to further technology-based economic development initiatives that accelerate high-quality job growth, create more…
SBA: Smallest of Small Businesses Prioritized in the Paycheck Protection Program
Steps to Promote Equitable Relief for Mom-and-Pop Businesses Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has…