EDA: $2.2 Million Invested to Support Healthcare Industry in Lexington, KY
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to Appalachian Regional Healthcare, Inc., in Lexington, Kentucky, to bolster the healthcare industry in a region impacted economically by recent flash flooding. This grant will provide hospitals in Harlan, Morgan, and Perry counties with essential…
EDA: $2 Million Invested for Water Infrastructure Improvements to Support Manufacturing Sector in Etowah, TN
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Etowah, Tennessee, for redevelopment of the local water treatment plant. This grant will provide for the establishment of a new manufacturing facility that will support the electric vehicle and battery storage…
EDA: $1.1 Million Invested to Support Development of the Textile Manufacturing Industry in Dallas, NC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Gaston College in Dallas, North Carolina, to support expansion of the school’s Textile Technology Center. This grant will provide for the purchase of new equipment to support the needs of existing textile and apparel…
EDA: $734,000 Invested to Support the Aquaculture Industry in Newport, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $734,000 grant to the North Carolina Coastal Federation, Inc., in Newport, North Carolina, to construct a new shellfish aquaculture facility. This project will provide logistical support to shellfish farmers who have been adversely affected by Presidentially-declared disasters, including recent hurricanes and the…
EDA: Grantees Announced Under the 2023 University Center Competition
23 Colleges and Universities in EDA’s Austin and Denver Regions Selected as EDA University Center Economic Development Technical Assistance Programs Today, U.S. Secretary of Commerce Gina Raimondo announced the grantees of the U.S. Economic Development Administration’s (EDA) 2023 University Center Economic Development Program Competition. EDA is providing a total of $16.5 million in grants to 23…
OCC: Bank Supervision Operating Plan for Fiscal Year 2024 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2024. The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking…
CDFI Fund: $300 Million Bond Financing Guarantees Issued for Projects in Low-Income and Distressed Communities
U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury has agreed to issue three guarantees totaling $300 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of three Eligible CDFIs under the fiscal year (FY) 2023 round of the…
HUD: $2 Million Granted to Advance Research Efforts Tackling Homelessness
Today, the U.S. Department of Housing and Urban Development (HUD) awarded a combined $1.4 million to Northern Arizona University and New York University (NYU) Grossman School of Medicine under the University-Nonprofit Partnerships Engaged in Community-Based Research Designed to Address Homelessness Notice of Funding Opportunity (NOFO) to support research to address homelessness that engages affected communities and elevates…
HUD: Nearly $1 Million Awarded for Research to Close Homeownership Gap
Grants support efforts to address disparities in access to mortgage financing and homeownership for borrowers of color and other underserved groups Today, the U.S. Department of Housing and Urban Development (HUD) announced nearly $1 million in grant awards to conduct rigorous research focused on closing gaps in access to mortgage financing and homeownership faced by…
FEMA: President Biden Approves Major Disaster Declaration for Tennessee
FEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornado on Aug. 7, 2023. The President’s action makes public assistance federal funding available to affected state and eligible local governments and certain private nonprofit organizations…