EDA: Investment Made to Boost Fishing and Seafood Industries in Virginia Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Virginia Tech Foundation, Inc, of Blacksburg, Virginia, to help build a research center in Hampton that will assist the fishing and seafood industries across the Commonwealth, and those located in the Eastern Shore…
EDA: $750,000 Invested to Support Growth of Maine’s Manufacturing Sector
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the University of Maine to purchase and install new, state-of-the-art equipment for the Advanced Manufacturing Center to help support the growth of manufacturing businesses in the region. This EDA grant will be matched with $750,000 in local investment. “Helping…
EDA: Investment Made to Support Replacement of the West Bridge Street Bridge in Blackfood, ID
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $587,200 grant to the city of Blackfoot, Idaho, to help protect local businesses from the impact of natural disasters by advancing the city’s West Bridge Street bridge replacement project. The EDA grant will be matched with $146,800 in state and local investment….
FEMA: President Trump Approves Major Disaster Declaration for Illinois
FEMA announced that federal disaster assistance has been made available to the state of Illinois to supplement state, tribal and local recovery efforts in the areas affected by severe storms and flooding beginning on February 24 to July 3, 2019. Federal funding is available to the state, tribal, eligible local governments and certain private nonprofit…
FEMA: President Trump Approves Major Disaster Declaration for Louisiana
FEMA announced today that federal disaster assistance has been made available to the state of Louisiana to supplement state and local recovery efforts in the areas affected by flooding from May 10 through July 24, 2019. FEMA’s Public Assistance funding is available to the state and eligible local governments and certain private nonprofit organizations on…
HUD: Choice Neighborhood Planning Grants Awarded
Communities in Alabama, Nebraska, Georgia and New Jersey awarded planning grants Expanding on its commitment to help local communities redevelop severely distressed HUD assisted housing and revitalize neighborhoods, the U.S. Department of Housing and Urban Development (HUD) today awarded more than $5 million to four communities. Funded through HUD’s Choice Neighborhoods program, these grants will…
EDA: $4.2 Million Invested to Help Fortify the West Calcasieu Port Facility in Sulphur, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.2 million grant to West Calcasieu Port in Sulphur, Louisiana, to make the facility and regional economy more resilient to natural disasters. The grant, to be matched with $1.1 million in local investment, is expected to help…
EDA: Investment Made to Support Manufacturing Growth in Greensburg, KY Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $640,000 grant to the city of Greensburg, Kentucky, to support the growth of manufacturing businesses by improving the Greensburg/Green County Industrial Park. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $812,000 in local funds…
CDFI Fund: U.S. Treasury Announces FY 2019 CDFI Program and NACA Program Technical Assistance Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 organizations more than $9.16 million in awards today. The fiscal year (FY) 2019 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 and Census Bureau: Residential Construction Activity Report for August 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for August 2019. Building Permits Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,419,000. This is 7.7 percent (±1.2 percent) above the revised…