CRA Newswire

EDA: $1.15 Million Invested to Provide Infrastructure to an Existing Industrial Park in Hot Springs, AR Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.15 million grant to the County of Hot Spring, Arkansas, to help improve an existing industrial park. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $770,000 in local…

EDA: $1.13 Million Invested to Provide Critical Relocation of Electric Utility in Sumner, IA

 Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.13 million grant to the city of Sumner, Iowa, to advance local disaster resiliency efforts by helping construct a new substation and transmission drop located outside of the floodplain. The grant, to be matched with $1.13 million…

HUD: FHA Promotes Development of Hospital and Health Care Facilities in Opportunity Zones

U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal Housing Administration (FHA) will offer several incentives to encourage greater development of hospitals and health care facilities located in Opportunity Zones. In a speech in Miami, Secretary Carson said FHA can be a key partner for developers looking to invest in Opportunity…

FHFA: Agency Instructs Federal Home Loan Banks to Begin Transitioning Away from LIBOR

Today, FHFA sent a letter to the 11 Federal Home Loan Banks instructing them that, as of December 31, 2019, they should stop purchasing investments in assets tied to LIBOR with a contractual maturity beyond December 31, 2021.  As of March 31, 2020, the Federal Home Loan Banks should no longer enter into all other LIBOR-based transactions involving advances, debt,…

EDA: $33 Million Invested to Advance Disaster Recovery and Resiliency Efforts in Puerto Rico Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing nearly $33 million in Puerto Rico to advance economic resiliency and business growth efforts in the wake of the devastating 2017 hurricane season. The grants, to be located in Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with…

EDA: $3.8 Million Invested to Help Rebuild Following Natural Disaster in Lancaster, SC Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million grant to the Lancaster County Water and Sewer District of South Carolina, to help support the Regional Wastewater Collection Rehabilitation project. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…

EDA: $3.7 Million Invested to Support Business-focused Disaster Recovery and Resilience Efforts in Seneca, SC

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.7 million grant to the Oconee Joint Regional Sewer Authority of Seneca, South Carolina, to facilitate infrastructure improvements needed to protect businesses in the event of natural disasters. The EDA grant will be matched with more than…

EDA: $2.4 Million Invested to Support Business Attraction and Disaster Resiliency Efforts in Florence, SC

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $2.4 million grant to the County of Florence, South Carolina, to make roadway, water and wastewater infrastructure improvements to help protect local businesses from the impact of natural disasters and attract new businesses. The grant, to be matched…

EDA: $2.1 Million Invested to Aid Communities Impacted by Natural Disaster in Missouri

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $2.1 million in the state of Missouri to make critical disaster relief improvements needed after 2017 flooding. The grants, to be matched with more than $41,000 in local investment, are expected to help generate $3.5 million in private…

EDA: $2 Million Invested to Help Establish New Workforce Training Facility at State Technical College of Missouri

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to State Technical College of Missouri in Linn, Missouri, to help establish a new Utility Technician Training Facility. The EDA grant, to be matched with more than $4.5 million in local investment, is expected…