EDA: $1.6 Million Invested to Capitalize Revolving Loan Fund and Support Small Businesses in Montgomery, AL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the South Central Alabama Development Commission in Montgomery, Alabama, to capitalize and administer a Revolving Loan Fund, providing gap financing to local small businesses. This EDA project will be matched with $400,000…
EDA: $849,185 Invested to Support Business Resiliency Efforts in Ekwok, AK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $849,185 grant to the Native Village of Ekwok, Alaska, to build a multi-purpose facility that will enhance the resiliency of the area’s business community. This EDA grant is expected to create or retain 55 jobs and generate $45,000 in private investment. “President…
EDA: $1 Million Invested to Support Workforce Development Efforts in Western Washington
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Thurston Economic Development Council for Business & Innovation, Lacey, Washington, to support the workforce development programs of Lacey MakerSpace in Western Washington. This EDA project, to be matched with $251,700 in…
EDA: $600,000 Invested to Create a Personal Protective Equipment Laboratory in Conover, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the city of Conover, North Carolina, to purchase critical supplies in support of a new personal protective equipment (PPE) laboratory. This EDA grant, to be matched with $150,000 in local investment, is expected to create 82 jobs and generate…
CDFI Fund: FY 2021 CDFI Program and NACA Program Technical Assistance Awards Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 191 organizations more than $24.1 million in awards today. The fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow Certified Community Development Financial Institutions (CDFIs) and…
HUD: $142 Million Awarded to Help End Youth Homelessness
Grants to support innovative housing programs in 33 communities The U.S. Department of Housing and Urban Development (HUD) is awarding $142 million to build systems to end youth homelessness in 33 local communities, including 11 rural communities. HUD’s Youth Homelessness Demonstration Program (YHDP) will support a wide range of housing programs including rapid rehousing, permanent supportive housing,…
HUD: Disaster Assistance Announced for Pennsylvania Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the Commonwealth of Pennsylvania affected by the remnants of Hurricane Ida from August 31 to September 5, 2021. On September 10, President Biden issued a major disaster declaration for the following counties: Bucks, Chester, Delaware, Montgomery, Philadelphia…
HUD: Disaster Assistance Announced for California Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of California affected by the Caldor Fire beginning on August 14, 2021, and continuing. On September 12, President Biden issued a major disaster declaration for California due to the Caldor Fire. The President’s declaration allows…
HUD: Disaster Assistance Announced for Arizona Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Arizona affected by severe storms and flooding from July 22 to July 24, 2021. On September 13, President Biden issued a major disaster declaration for the following counties: Apache, Coconino, and Navajo. The President’s declaration…
HUD: Access Opened to $5 Billion in American Rescue Plan Grants to Prevent and End Homelessness
The U.S. Department of Housing and Urban Development today issued the HOME-ARP Implementing CPD Notice, Requirements for the Use of Funds in the HOME-American Rescue Plan Program (“the Notice”). The new HOME-ARP notice is a critical step taken by HUD to expeditiously allow communities to begin accessing funds from the nearly $5 billion funds allocated from the…