Investments & Funding

HUD: $350 Million Announced for Communities to Build More Affordable Homes and Lower Housing Costs

HUD announces $100 million in new PRO Housing funding to cut red tape to housing production, and launches $250 million challenge for transformative housing investments The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $100 million in competitive grant funding to cut red tape, build more homes, and lower the costs of…

HUD: $6 Million Awarded to Protect Families from Home Health and Safety Hazards

Funding will be used to make private homes safer The U.S. Department of Housing and Urban Development (HUD) today awarded $6 million to two nonprofit organizations, and a city government to protect children and families from home health hazards. This is the second round of funding announced for this program in addition to the grant announcements made…

EDA: $2.3 Million Invested to Support Small Business and Entrepreneurial Growth in West Virginia

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $2.3 million in the state of West Virginia to support small businesses and entrepreneurs. The EDA investments announced today are: “The Biden-Harris Administration is committed to ensuring that communities in West Virginia and across the country have the resources…

EDA: $614,400 Invested for Infrastructure Improvements to Support Disaster Resilience in Sausalito, CA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $614,400 grant to the city of Sausalito, California, to support transportation infrastructure improvements designed to bolster disaster resilience. This grant will facilitate a vulnerability and feasibility study that will guide future flood mitigation improvements on the city’s Gate 5 Road. This EDA…

EDA: $184 Million Announced for Six Recompete Program Awardees

U.S. Department of Commerce program will help reduce unemployment and establish long-term economic growth Today, the Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), announced $184 million in implementation grants for six Recompete Finalists. These awards will create renewed opportunity in economically distressed communities through good-paying, high-quality jobs and improve access to…

SBA: $7 Million in PRIME Grants Announced to Serve Low-Income Microentrepreneuers

28 Grants Will Support Training, Program Development to Increase Access to Capital and Grow Businesses Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced 28 awardees for the 2024 Program for Investment in Microentrepreneurs(Link is external) (PRIME) grant awards, totaling $7 million….

EDA: $4 Million Invested for Wastewater Infrastructure Improvements to Support Job Creation in Independence, OR

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Independence, Oregon, for wastewater infrastructure improvements to support job creation in the region.  This grant will support the renovation and expansion of the city’s wastewater treatment plant, increasing the system’s resilience…

EDA: $3.7 Million Invested to Support Emergency Preparedness and Disaster Resilience in New Mexico

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $3.7 million in the state of New Mexico to support emergency preparedness and disaster resiliency. The EDA investments announced today are: “President Biden’s Investing in America agenda is a commitment to ensuring communities in New Mexico and across the…

EDA: $3.1 Million Invested to Bolster Mariculture Workforce Development of the Kenai Peninsula, AK

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the Chugach Regional Resources Commission in Anchorage, Alaska, to bolster workforce development in the Kenai Peninsula’s mariculture sector.  This grant will support expansion of the Alutiiq Pride Marine Institute Patrick (Ratii) Norman facility, helping…

HUD: $1.5 Million Invested to Modernize Homes for Illinois Families

Two transactions in Illinois will fund electrification, climate resilience, and energy efficiency renovations in Chicago and Champaign, benefiting low-income seniors. Today, the U.S. Department of Housing and Urban Development (HUD) announced the recent completion of two transactions totaling $1.5 million to finance energy efficient and climate resilient improvements for affordable homes in Illinois under the…