EDA: $4 Million in CARES Act Recovery Assistance Invested to Boost Aerospace Workforce Training Efforts in Oklahoma
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million CARES Act Recovery Assistance grant to Southern Tech, Ardmore, Oklahoma, to help build their Aerospace Airframe and Powerplant Certification Training facility. This EDA grant, to be matched with $1 million in local investment, is expected…
EDA: $3.4 Million in CARES Act Recovery Assistance INvested to Boost Tourism and Manufacturing Growth Efforts in Tennessee
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.4 million in CARES Act Recovery Assistance grants to help the state of Tennessee prevent, prepare for, and respond to coronavirus by supporting local tourism and manufacturing growth strategies. “The Biden Administration is committed to getting our tourism…
EDA: $2.85 Million in CARES Act Recovery Assistance Invested to Aid Reopening of Alaska’s Tourism Economy
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.85 million CARES Act Recovery Assistance grant to the Alaska Travel Industry Association, Anchorage, Alaska, to implement emergency efforts needed to aid in the reopening of the state’s tourism economy. This EDA grant will be matched with…
EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Support Business Capital Needs in Missouri
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $2.5 million in CARES Act Recovery Assistance grants to provide the capital needed to seed new businesses and support the growth of established businesses impacted by the coronavirus pandemic. “President Biden is committed to unleashing the full power…
EDA: $1.99 Million in CARES Act Recovery Assistance Invested to Help Establish New Hospital in Lake City, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.99 million CARES Act Recovery Assistance grant to the city of Lake City, South Carolina, to make water and sewer infrastructure improvements needed to serve a new hospital building in the region. This EDA grant will be…
EDA: $1 Million in CARES Act Recovery Assistance Invested to Create Business Resource Center in Pleasanton, TX
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the city of Pleasanton, Texas, to renovate a former downtown elementary school for use as a business center that will support economic development growth in downtown Pleasanton and provide…
EDA: $800,000 in CARES Act Recovery Assistance Invested to Boost Broadband Capacity and Business Development Efforts in Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 CARES Act Recovery Assistance grant to the Mid-Atlantic Broadband Communities Corporation, South Boston, Virginia, to increase broadband capacity in southern and central Virginia and bolster the region’s ability to withstand future economic disruptions. This EDA grant will be matched with $200,000…
EDA: $600,000 Invested to Capitalize Revolving Loan Fund to Provide Capital to Businesses in Lee and Russell Counties, AL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Lee-Russell Council of Governments, Opelika, Alabama, to capitalize a revolving loan fund that will provide critical gap financing to new and existing small and medium-sized businesses in Lee and Russell counties. This EDA grant will be matched with $150,000…
OCC: Seven New Members Appointed to Minority Depository Institutions Advisory Committee
The Office of the Comptroller of the Currency (OCC) today named seven new members to its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC advises the OCC on steps it can take to ensure the continued health and viability of minority depository institutions and other issues of concern to these institutions. The new members are:…
ABA: New Report Shows Credit Market Conditions Improve Sharply for Consumers and Businesses
The chief economists from North America’s largest banks anticipate substantial improvement in both consumer and business credit market conditions over the next six months, according to a new report from the American Bankers Association. The Q2 2021 ABA Credit Conditions Outlook highlights the results of the ABA Credit Conditions Index. The report summarizes a suite of indices…