Industry News

EDA: $3.2 Million Invested for Trail Upgrades to Boost Tourism and Create Jobs in Columbia, SC

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.2 million grant to the Irmo Chapin Recreation Commission, Columbia, South Carolina, for completion of the Lower Saluda Greenway, a recreational trail. This project will provide for construction of two miles of trail and related infrastructure, boosting…

HUD: $40 Million Funding Opportunity to Protect Families from Home Health and Safety Hazards Announced

Funding will assist efforts to address high-priority environmental health and safety hazards The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $40 million through the Healthy Homes Production Grant Program to help transform communities by fixing older housing, preserving affordable housing, and improving communities and the health of children and…

OCC: Strategic Plan for Fiscal Years 2023-2027 Released

The Office of the Comptroller of the Currency (OCC) today released its strategic plan for fiscal years (FY) 2023-2027. The strategic plan outlines the agency’s approach to achieve three strategic goals and fulfill its mission to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to…

EDA: President Biden Announces 21 Winners of $1 Billion American Rescue Plan Regional Challenge

Funding Provides Regional Investments to Transform Local Economies, Create Good-Paying Jobs, Jumpstart Emerging Industries, and Prepare Workforce for the Future Today, President Biden will announce the 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by…

SBA: Call for Nominations for 2023 National Small Business Week Awards Announced

Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the call for nominations  for the 2023 National Small Business Week (NSBW) Awards. The NSBW Awards recognize SBA-assisted small businesses’ inspirational achievements and contributions to their communities and our nation’s economy.  All nominations should be…

FHFA: Comprehensive Review of Federal Home Loan Bank System Announced

The review, FHLBank System at 100: Focusing on the Future, will include a series of listening sessions and regional roundtable discussions The Federal Housing Finance Agency (FHFA) today announced it will conduct a comprehensive review of the Federal Home Loan Bank (FHLBank) System beginning in the fall of 2022. “FHFA plays a vital role in…

EDA: Over $56 Million in American Rescue Plan Funds Invested Last Week

Last week, the following grants were made under the American Rescue Plan Funds program: August 30, 2022 – U.S. Department of Commerce Invests $15.4 Million in American Rescue Plan Funds to Bolster Infrastructure for Business and Job Growth in West Virginia August 30, 2022 – U.S. Department of Commerce Invests $6 Million in American Rescue Plan Funds…

EDA: $1.5 Million Invested for Critical Infrastructure Needed to Establish Multi-Modal Facility in Jefferson City, MO

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Cole County, Missouri, for rail and transportation infrastructure improvements needed to support economic development in the region. This project will provide a rail spur and other transportation-related infrastructure needed to establish a multi-modal…

EDA: $2 Million Invested for Water System Upgrades to Support New Businesses in Augusta, GA

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Development Authority of Augusta, Augusta, Georgia, to boost business and job growth by providing water and sewer improvements at the Augusta Corporate Park. This project will provide the infrastructure necessary to accommodate…

HUD: $15 Million Announced to Help Older Americans Age in Place

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced that the Department is making available $15 million to help older Americans age in place through home modifications. The funding opportunity, made available through HUD’s Older Adult Home Modification Program (OAHMP), will assist experienced nonprofit organizations, state and local governments, and public…