EDA: $1.4 Million Invested to Advance the Nuclear Technology Industry in the Southeastern United Stated
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to E4 Carolinas, Inc., Charlotte, North Carolina, to support a research and planning project designed to promote the nuclear technology industry and its economic benefits in South Carolina and throughout the Southeast. The…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Business Expansion and Growth in Cleveland, MS
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the city of Cleveland, Mississippi, to construct critical water infrastructure needed to accommodate the expansion of a major healthcare manufacturing company and support future business needs. This EDA…
EDA: $1.2 Million in CARES Act Recovery Assistance to Support Entrepreneurs and Increase Economic Resilience in Athens, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to Ohio University, Athens, Ohio, to provide technical assistance for biotech entrepreneurs and modify lab space at its Innovation Center. This EDA grant, to be matched with $304,225 in…
EDA: $960,000 in CARES Act Recovery Assistance Invested to Boost Broadbank Capacity in Western Maryland
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 CARES Act Recovery Assistance grant to the Board of County Commissioners of Garrett County, Oakland, Maryland, to increase access to affordable, reliable, and abundant internet service in western Maryland. This EDA grant, to be matched with $240,000 in state and local…
EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance to Small and Disadvantaged Businesses in Alabama
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., Birmingham, Alabama, to provide coronavirus recovery and resiliency technical assistance to small and historically disadvantaged minority and women-owned businesses throughout the state. This EDA grant will be matched with $187,500 in…
EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance and Enhance Lending to Small Businesses in Metro Atlanta Area, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., New York, New York, to provide training and affordable capital to small businesses impacted by the coronavirus pandemic in the Metro Atlanta area, Georgia. This EDA grant will be matched with…
Agencies Extend Favorable CRA Consideration for Revitalization Activities in Areas of Puerto Rico and the U.S. Virgin Islands Affected by Hurricane Maria
The federal bank regulatory agencies today announced they are extending the period for giving favorable consideration under Community Reinvestment Act (CRA) regulations to institutions located outside of Puerto Rico and the U.S. Virgin Islands, for bank activities that continue to help revitalize or stabilize these areas devastated by Hurricane Maria (the “Hurricane”). The agencies have…
HUD: $160 Million Awarded to Five Communities to Revitalize Housing, Invest in Neighborhoods
U.S. Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Wednesday announced that five communities have received a combined $160 million to redevelop severely distressed housing and spur comprehensive revitalization under the federal Choice Neighborhoods Initiative. HUD has named Camden, New Jersey; Cleveland, Ohio; Detroit, Michigan; Fort Myers, Florida; and Lewiston, Maine as this…
HUD and Census Bureau: New Residential Sales Report for April 2021 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2021: New Home Sales Sales of new single-family houses in April 2021 were at a seasonally adjusted annual rate of 863,000. This is 5.9 percent (±11.2 percent)* below the revised March…
SBA: $100 Million Community Navigator Pilot Program Launched to Support Underserved Small Businesses
$100 million competitive grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan The U.S. Small Business Administration (SBA) announced today that it is accepting applications for its new Community Navigator Pilot Program. This new initiative, established by the American Rescue Plan, will leverage a community navigator approach to reach our nation’s smallest businesses, with a…