EDA: $2 Million Invested for Infrastructure Improvements to Support Business Expansion in Danville, KY
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 Danville, Kentucky, for water and sewer infrastructure upgrades in an industrial commercial corridor. This grant will support expansion of the local industrial sector and a major aerospace manufacturing facility. This EDA…
EDA: $2 Million Invested to Increase Capacity at Port of Hood River, OR
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Port of Hood River, Oregon, for utilities and transportation infrastructure improvements. This grant will increase the port’s capacity and boost its ability to serve regional businesses. This EDA investment, to be matched with…
EDA: $1.5 Million Invested for Water Infrastructure Upgrades to Support Business Expansion in Pineville, WV
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the town of Pineville, West Virginia, for sewer system upgrades and construction of a new water treatment plant. This project will support current business operations and provide for continued industrial growth in a region…
EDA: $1.3 Million Invested to Support Redevelopment of Jackson Avenue in Historic Westside Las Vegas, NV
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Las Vegas, Nevada, to support planning for the future redevelopment of Jackson Avenue as part of ongoing efforts to catalyze community-led investment in the city’s historic Westside. This grant will assist…
EDA: $1 Million Invested to Support Aviation Workforce Development in Durant, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to Southeastern Oklahoma State University in Durant, Oklahoma, to create an Aerospace Technology Center at the Durant Regional Airport. This grant will create a training center to boost the region’s aerospace workforce by enhancing existing…
ABA: Rhode Island Banker Wins Distinguished Service Award
The ABA Foundation has named Paola Fernandez, senior vice president of community development for Centreville Bank in West Warwick, R.I., the winner of its 2023 George Bailey Distinguished Service Award. Fernandez was recognized for her dedication to building and leveraging relationships to support underserved communities throughout Rhode Island and northeastern Connecticut. She will be honored…
ABA: Eight Banks Win 2023 Community Commitment Awards
The American Bankers Association Foundation today named eight banks as 2023 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in Nashville, Tenn. on Oct. 10. The selection committee, made up of…
ABA: Bank Economists See Weakening Credit Conditions Through End of 2024
Bank economists expect credit conditions to weaken over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC). The EAC includes chief economists…
FEMA: Memorandum of Agreement Signed with NAACP to Strengthen Partnership Before, During and After Disasters
Today, FEMA announced that Administrator Deanne Criswell and NAACP President Derrick Johnson signed an agreement outlining ways in which the two organizations will work together to help people before, during and after disasters. The agreement continues the organizations’ longstanding formal partnership beginning in 2013, when the first agreement was signed. The NAACP provides community-based support related to…
HUD: $25 Million Loan Guarantee Announced for Birmingham, AL Loan for Black, Indigenous, People of Color Fund
Today, the U.S. Department of Housing and Urban Development (HUD) awarded the City of Birmingham, Alabama a $25.2 million loan fund under its loan guarantee program for the Community Development Block Grant Program, Section 108. The City of Birmingham plans to use these funds to establish a $25 million citywide Loan Pool to provide financing…