Economic Development

EDA: $10.1 Million Invested in WV to Support Local Strategies Including Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $10.1 million in the state of West Virginia to protect businesses from flooding, spur growth in a critical industry sector, boost workforce training efforts, and provide infrastructure needed to support businesses, including those in Opportunity Zones. The EDA…

EDA: Nearly $145 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: July 30, 2020 – U.S. Department of Commerce Invests $7.8 Million in CARES Act Funding to Boost Capacity of Universities Across Nation to…

EDA: $850,000 Invested to Make Critical Water Infrastructure Improvements in Northeast Texas Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $850,000 grant to the city of Hooks, Texas, to make critical wastewater infrastructure improvements needed to support business development and economic growth in a Tax Cuts and Jobs Act Opportunity Zone. The EDA grant project will be matched with $212,500 in local funds and…

EDA: $7 Million Invested to Make Critical Infrastructure Improvements Needed to Protect Montana Businesses from Future Floods

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7 million grant to Powder River County, Montana, to make critical infrastructure improvements needed to increase economic resilience in the face of natural disasters. The EDA grant, to be matched with $1 million in local investment, is…

EDA: $6 Million Invested to to Make Critical Infrastructure Improvements Needed to Protect Businesses from Flooding in Clayton, NC Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Town of Clayton, North Carolina, to make flood control infrastructure improvements needed to protect manufacturing and other businesses from flooding. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity…

EDA: $1.5 Million Invested to Make Critical Roadway Infrastructure Improvements in Pike County, MO

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 Pike County, Missouri, to make critical roadway and detour route infrastructure improvements needed to ensure commerce continues during severe weather events. The EDA grant, to be matched with $376,393 in local investment, is…

EDA: $1.8 Million Invested to Make Infrastructure Improvements to Support Tribal Business Development in Spokane, WA Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the Spokane Tribe of Indians, Wellpinit, Washington, to make critical roadway infrastructure improvements needed to support business development in the region. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity…

EDA: Over $49 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: July 24, 2020 – U.S. Department of Commerce Invests $300,000 in CARES Act Funding to Boost University of Tennessee’s Capacity to Help Communities…

EDA: $3.3 Million Invested to Expand Aviation Workforce Training Center at Southern Illinois Airport

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.3 million grant to the Southern Illinois Airport Authority, Carbondale, Illinois, to construct an additional hangar at Southern Illinois Airport to house aerospace-focused workforce training programs. The EDA grant, to be matched with $829,879 in local investment,…