EDA: U.S. Department of Commerce to Boost Manufacturing and Entrepreneurship Activity in Kearny, NJ Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is helping upgrade and improve Hackensack Avenue in Kearny, New Jersey, in support of the Kearny Point business center development. The investment will be matched by $1.3 million in local funds. The project is located in a Tax Cuts and…
EDA: U.S. Department of Commerce Announces Eleventh Americas Competitiveness Exchange
Senior Officials from Across the Globe Visit Puerto Rico’s Innovation and Entrepreneurship Hubs From May 18-25, the U.S. Department of Commerce’s Economic Development Administration (EDA) and International Trade Administration (ITA), in coordination with the U.S. Department of State and the Organization of American States (OAS), will participate in the Eleventh Americas Competitiveness Exchange (ACE) on…
SBA: Certification Rule Proposed for Women-Owned Small Businesses
Seeking Comments by July 15 Today, the U.S. Small Business Administration published a proposed rule that will provide a free online application process for women-owned small businesses to be certified and eligible to participate in the SBA’s Women-Owned Small Business Program or access contracts as a Women-Owned Small Business (WOSB) or Economically Disadvantaged Women-Owned Small…
HUD: $85 Million Awarded to Revitalize Three Low-Income Neighborhoods
Federal investments expected to generate more than $620 million in neighborhood reinvestment U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced three communities across the country will receive a combined $85 million to redevelop severely distressed public or assisted housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative, these grants, and the…
HUD: FHA Proposes New Lender Certification Requirements
Effort designed to improve clarity and certainty of compliance rules, expand financing options for borrowers The Federal Housing Administration (FHA) today proposed several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty in how to satisfy the agency’s compliance requirements. In providing greater certainty to the process, FHA…
HUD: FHA Offers Incentives for Property Owners Who Invest in Opportunity Zones
Lower costs and dedicated underwriters to stimulate housing investment in distressed neighborhoods The Federal Housing Administration (FHA) today announced a package of incentives to encourage multi-family property owners to invest in thousands of neighborhoods located in Opportunity Zones across the nation. Read today’s Housing Notice. FHA is introducing reduced application fees paid by property owners applying…
SBA: World Trade Month Kicks Off with Go Global Webinar Series
As part of World Trade Month, the U.S. Small Business Administration, along with several other federal agencies, will conduct a four-part webinar series entitled, “Go Global” starting May 9th. This online program aims to help participants gain valuable insights on strategies for international sales success. Presenting agencies in the webinar series include the U.S. Small Business Administration,…
EDA: Investment Made in Business Incubator and Workforce Training Facility in North Charleston, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in Homes of Hope Inc. to renovate an existing building in North Charleston, South Carolina, to serve as a business incubator and training facility. The investment will be matched by $2 million in local funds and is expected…
EDA: Investment Made to Boost Tourism-related Business Development in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing in the Hatfield McCoy Regional Recreation Authority of Man, West Virginia, to help expand the Hatfield McCoy Trail System. The investment will be matched with $452,228 in local funds and is expected to help create 75 jobs and generate $5…
EDA: Investment Made to Help Bring Broadband Coverage to Cattaraugus Territory Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing to help the Seneca Nation of Indians plan for and install broadband fiber throughout the Cattaraugus Territory in western New York. This investment will support a Tax Cuts and Jobs Act designated Opportunity Zone. “President Trump is committed to helping…