EDA: $3 Million Invested to Boost Entrepreneurial Growth in Marion, IL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Watermark Auto Group Foundation, Marion, Illinois, to renovate the historic Citadel building to house the Entrepreneurial and Technical Opportunities (EThOs) business incubator. This grant will provide a 21,000-square-foot facility for small business…
EDA: $5.5 Million Invested to Support Transportation Infrastructure Improvements in American Canyon, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.5 million grant to the city of American Canyon, California, to improve transportation infrastructure in the Green Island Industrial District (GRID). This grant is funded by the American Rescue Plan. This project will recondition and expand…
EDA: $2.1 Million Invested to Expand Industrial Park in Batesville, AR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to the city of Batesville, Arkansas, to make critical infrastructure at the city’s industrial park. This grant will construct roads, water, and sewer infrastructure to support expansion and business development at the industrial…
EDA: $1.2 Million Invested to Support Development of Maine Spaceport Complex in Augusta, ME
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Maine Space Grant Consortium, Augusta, Maine, to support development of the Maine SpacePort Complex. This project will finalize a strategic plan addressing workforce development, business development, and external engagement needs for the…
OCC: Research Solicited on Implications of Financial Technology for Banking
The Office of the Comptroller of the Currency (OCC) is soliciting academic-and policy-focused research on the impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services through August 21, 2022. The OCC will invite authors of selected papers to present to OCC staff and invited guests…
SBA: Funding Opportunity to Provide Entrepreneurship Training to Service-Disabled Veterans Announced
Today, the U.S. Small Business Administration announced a new funding opportunity for eligible non-profit organizations, state and local government agencies, private sector firms, and institutions of higher learning to provide entrepreneurship training to service-disabled veterans. The awarded organization(s) can use the funding to market, deliver, and scale existing service-disabled veteran entrepreneurs’ training programs for veterans, service-disabled veterans,…
CDFI Fund: Update on New CDFI Certification Application Process and Six-Month Blackout Period
CDFI Fund will pause acceptance of new CDFI Certification Applications and Target Market Modifications for six months to prepare for launch of the revised CDFI Certification Application and reporting requirements In May 2020, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) requested public comment on the application and reporting requirements for…
EDA: Nearly $70 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 20, 2022 – U.S. Department of Commerce Invests $3.7 Million in American Rescue Plan Funds to Support Business Development in Vicksburg, Michigan July 20, 2022 – U.S. Department of Commerce Invests $1.8 Million in American…
HUD: Updates Proposed to Manufactured Home Construction and Safety Standards
Proposed updates will expand the use of manufactured homes to address affordable housing supply and bring the “HUD Code” up to industry standards. The Department of Housing and Urban Development announced today its proposals for updating the Manufactured Home Construction and Safety Standards, commonly referred to as the “HUD Code.” The proposed updates were published…
OCC: Nominations Sought for Minority Depository Institutions Advisory Committee
The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of individuals who are officers and/or directors of OCC-regulated minority depository institutions, or…