HUD: Nearly $2 Billion Awarded in CARES Act Relief Funds Focusing on Communities with Higher Risk of Eviction
United States Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of the remaining $1.988 billion in CARES Act funding for the Community Development Block Grant (CDBG) program. The allocation focuses funds towards places with households facing higher risk of eviction. To date, HUD has provided nearly $5 billion in CDBG funding nationwide…
SBA: National Small Business Week Virtual Conference Registration Announced
As part of National Small Business Week, the U.S. Small Business Administration and cosponsors will host all virtual events September 22-24, 2020. As part of National Small Business Week, the U.S. Small Business Administration and cosponsors will host all virtual events September 22-24, 2020. This year’s National Small Business Week activities will include numerous educational panels providing retooling…
EDA: $2 Million Invested to Establish Flex Lab One Building at Clemson University to Support Advanced Manufacturing in South Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to LICAR, LLC., Greenville, South Carolina, to construct the Clemson University Land Stewardship Foundation’s Flex Lab One Building on the Clemson University International Center for Automotive Research campus. The EDA grant, to be matched…
ABA: Foundation and Junior Achievement Announce Partnership to Empower America’s Youth with Money Skills
The American Bankers Association Foundation and Junior Achievement today announced a new two-year partnership to work collaboratively to help our nation’s youth build the financial knowledge they need to own their economic success and plan for the future. The ABA Foundation and Junior Achievement will work in tandem to bring financial concepts to students across…
HUD: Flexibilities Provided for Emergency Solutions Grants Program CARES Act Funds
Department working with states and local units of governments to aid vulnerable populations amid outbreak United States Department of Housing and Urban Development (HUD) Secretary Ben Carson today provided the additional requirements and flexibilities for the $3.96 billion provided to states and units of local government for the Emergency Solutions Grants Program under the CARES Act (ESG-CV)….
EDA: $646,559 Invested to Make Critical Water Infrastructure Improvements in Somerset, MA Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $646,559 grant to the town of Somerset, Massachusetts, to make water infrastructure improvements needed to support future business growth. The EDA grant project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $646,559 in local funds and…
SBA: Women Empowerment and Entrepreneurship Celebrated with Opening of Mississippi Women’s Business Center
New resource will increase opportunities and accelerate economic recovery solutions for women entrepreneurs, particularly in disadvantaged communities The U.S. Small Business Administration today announced grant funding for a new SBA Women’s Business Center in Mississippi, which will be hosted by Alcorn State University, a designated historically black college and university (HBCU) in Claiborne County, Mississippi. “The SBA’s…
EDA: $2.5 Million Invested to Boost Business and Export Opportunities in Granite City, IL Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to America’s Central Port District, formerly known as Tri-City Regional Port District, Granite City, Illinois, to make storage-based infrastructure improvements needed to increase the Port’s capacity to handle freight and boost export opportunities. The…
EDA: $1.5 Million Invested to Build Infrastructure Needed to Support Business Growth Near Opportunity Zone in Hermiston, OR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Hermiston, Oregon, to build water, sewer, and road infrastructure needed to create ‘shovel-ready’ industrial parcels for development within the South Hermiston Industrial Park. The EDA grant, to be located near…
EDA: Over $33 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: September 3, 2020 – U.S. Department of Commerce Invests $7.2 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…