EDA: $3.1 Million Invested to Protect Businesses from Flooding in Disaster-Impacted Mitchell, SD
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the city of Mitchell, South Dakota, to make improvements to storm water management infrastructure. The EDA grant, to be matched with nearly $775,000 in local investment, is expected to create or retain about…
EDA: $1 Million Invested to Support Statewide Disaster Recovery and Resiliency Efforts in North Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the North Carolina Department of Public Safety (NCDPS), Raleigh, North Carolina, to aid the establishment of a statewide framework on disaster resilience planning and to provide economic guidance and strategic training. The EDA…
EDA: $500,00 Invested to Develop Plan to Grow Disaster Resilient Economy in New Orleans, LA Opportunity Zones
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Northeastern University, Boston Massachusetts, to develop a resilience-based strategy for economic development for three Tax Cuts and Jobs ActOpportunity Zone located in East New Orleans, Louisiana. The strategy will serve as a footprint for leveraging private investment and encouraging economic diversification….
Federal Reserve: Announcing the Puerto Rico Nonprofit Leadership Development Initiative
The Puerto Rico Nonprofit Capacity Building Network, a collaboration among Enterprise Community Partners (Enterprise), NeighborWorks America (NeighborWorks) and Fundación Comunitaria de Puerto Rico (FCPR), today announced the six Puerto Rico nonprofits selected for the inaugural cohort of the Puerto Rico Leadership Development Initiative. The six nonprofits, representing all major regions across the island, will each receive a $35,000 grant, technical assistance, one-to-one staff mentoring, peer learning…
EDA: $10 Million Invested in Florida to Support Business Recovery Efforts and Advanced Manufacturing
Today, U.S. Secretary of Commerce Wilbur Ross announced $10 million in Economic Development Administration (EDA) grants to the state of Florida during a visit to Indian River State College (IRSC) in Ft. Pierce. The two EDA grants will help recovering businesses gain access to capital and will fund the construction of a new IRSC worker…
Interagency Joint FAQs on CRA Consideration for Activities in Response to the Coronaviurs
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have issued the attached Frequently Asked Questions (FAQ) on CRA consideration for activities in response to the Coronavirus Disease (referred to as COVID-19). This FAQ provides additional clarification of the information included…
EDA: $2 Million Invested to Protect Businesses from Flooding in Wells, NV
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Wells, Nevada, to make critical water infrastructure improvements needed to maintain commercial and industrial operations during significant flood events. The EDA grant, to be matched with more than $270,000 in…
FEMA: President Trump Approves Major Disaster Declaration for Alabama due to Severe Storms and Flooding
FEMA announced that federal disaster assistance has been made available to the state of Alabama to supplement state, tribal and local recovery efforts in the areas affected by severe storms and flooding from Feb. 5 to March 6, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit…
EDA: $562,000 Invested to Install New Boat Moorings to Boost U.S. Virgin Islands Tourism Industry
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $562,000 grant to the Virgin Islands Professional Charter Association of Saint Thomas, U.S.V.I., to support the tourism sector by installing moorings in the bays of the U.S. Virgin Islands as part of the recovery effort following Hurricanes Irma and Maria. The EDA…
FEMA: President Trump Approves Major Disaster Declaration for Arkansas due to Severe Storms
FEMA announced that federal disaster assistance has been made available to the state of Arkansas to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes on March 28, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit organizations on…