EDA: $1.25 Million in CARES Act Recovery Assistance Invested to Expand Fairview Regional Medical Center in Fairview, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million CARES Act Recovery Assistance grant to the city of Fairview, Oklahoma, to assist in the expansion of the outpatient therapy department of Fairview Regional Medical Center. This EDA grant, to be matched with $336,199 in…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Support Safe Businesses Reopening Efforts in Redmond, WA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to OneRedmond, Redmond, Washington, to provide technical assistance needed to help coronavirus-impacted small businesses reopen safely and successfully. This EDA grant, to be matched with $160,000 in local investment, is expected to create or retain 2,000…
FDIC: Emergency Capital Investment Program Available for CDFIs and Minority Depository Institutions
Summary: The Federal Deposit Insurance Corporation (FDIC) is advising certified Community Development Financial Institutions (CDFIs) and minority depository institutions (MDIs) of the Emergency Capital Investment Program (ECIP) established by the Consolidated Appropriations Act, 2021. Under the ECIP, certified CDFIs and MDIs may be eligible for capital investments from the U.S. Department of the Treasury (Treasury)…
Federal Bank Regulators Issue Rule Supporting Treasury’s Investments in Minority Depository Institutions and CDFIs
Federal bank regulatory agencies today announced an interim final rule that supports the Treasury Department’s implementation of a program established by Congress to make capital investments in minority depository institutions and community development financial institutions. The Treasury Department’s Emergency Capital Investment Program (ECIP) will support the efforts of these financial institutions to provide loans, grants, and forbearance…
EDA: $5.5 Million in CARES Act Recovery Assistance Invested to Support Industrial, Tourism, and Manufacturing Growth and Resiliency Efforts in Tennessee
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $5.5 million in CARES Act Recovery Assistance grants to help the state of Tennessee prevent, prepare for, and respond to coronavirus. “The Economic Development Administration is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the…
EDA: $3 Million in CARES Act Recovery Assistance Invested to Support Coronavirus Pandemic Economic Recovery and Resiliency Efforts in Morganfield, KY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Union County Fiscal Court, Morganfield, Kentucky, to make sanitary sewer infrastructure improvements needed to support business and job growth and to build economic resiliency in the face of the coronavirus pandemic. This EDA grant,…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Workforce Growth and Business Capital Assistance Efforts in Kansas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $2 million in CARES Act Recovery Assistance grants to help the state of Kansas prevent, prepare for, and respond to coronavirus. “The Economic Development Administration is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Support Business Recovery and Resiliency Efforts in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to Natural Capital Investment Fund, Inc., (NCIF), Charles Town, West Virginia, to provide the staffing and technical assistance capacity needed to deploy technical assistance and up to $5 million in capital to West Virginia businesses…
EDA: $595,654 in CARES Act Recovery Assistance Invested to Launch Program to Support Regional Economies in Colorado
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $595,654 CARES Act Recovery Assistance grant to Colorado State University (CSU), Grand Junction, Colorado, to launch the Planning and Technical Support to Diversify Colorado Economic Opportunities program. This EDA grant will be matched with $150,212 in local investment. “The Economic Development Administration…
EDA: $552,733 in CARES Act Recovery Assistance Invested to Provide Economic Recovery and Resiliency Assistance to Communities Across Missouri
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $552,733 CARES Act Recovery Assistance grant to Missouri Main Street Connection, Inc., Branson, Missouri, to assist Missouri communities in responding to and recovering from the coronavirus pandemic through the Main Street economic recovery technical assistance and training program. This EDA grant, to…