EDA: $2 Million Invested to Boost Coal Community in Greenup, KY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Greenup Joint Sewer Agency of Greenup, Kentucky, to make water infrastructure improvements at the EastPark Industrial Park. This grant will be matched with $3 million in state and local funds and is…
EDA: $2 Million Invested to Provide Critical Roadway Infrastructure in Newton, TX Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Newton County, Texas, to rebuild a road critical to regional commerce that was damaged by Hurricane Harvey. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, is expected…
EDA: $1.5 Million Invested to Help Establish Welding Technology Training Center at Oklahoma Panhandle State University
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Oklahoma Panhandle State University (OPSU) of Goodwell, to build a new welding technology training center in the Guymon Industrial Park. The grant, to be matched with $389,504 in local investment, is expected to…
EDA: $1.4 Million Invested Help Establish Career Technology Center to Serve Fort Smith, AR Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $1.4 million grant to the city of Fort Smith, Arkansas, to help build the Fort Smith Public Schools Career Technology Center (CTC) for training in advanced manufacturing, health care, and information technology. The EDA grant, to be located…
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…