EDA: 50 Recipients of “Build to Scale” Program Announced
Grantee Projects Fuel Innovation and Tech-Based Economic Development to Enhance American Competitiveness on the Global Stage Today, U.S. Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo announced that 50 organizations — including nonprofits, institutions of higher education, state government agencies, and other entrepreneurship-focused organizations — from 26 states will receive grants totaling $36.5…
CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
Treasury Guarantees $100 Million in CDFI Bond Funding The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the fiscal year 2021 round of the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued to Bank of America…
SBA: New Shuttered Venue Operators Grant Supplemental Awards Begun
Program has delivered over $10 billion in economic relief to 12,000 venues across the nation Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA began supplemental award notifications to eligible applicants this week, through the Shuttered Venue Operators Grant (SVOG) program. Thus far, the SBA has awarded over $10 billion in economic relief to nearly 12,000 venues, providing…
EDA: Grantees Under 2021 University Center Competition Announced
25 Colleges and Universities in EDA’s Chicago and Philadelphia Regions to Host EDA University Center Economic Development Technical Assistance Programs U.S. Secretary of Commerce Gina Raimondo today announced the grantees of the U.S. Economic Development Administration’s (EDA) 2021 University Center Economic Development Program Competition. EDA is providing a total of $2.5 million in grants to…
EDA: $6 Million Invested to Support Workforce Development in the Northern Mariana Islands
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Commonwealth of the Northern Mariana Islands Public School System, Saipan, Northern Mariana Islands, to support construction of a vocational training facility. The EDA grant, to be matched with $6 million in…
EDA: $4.4 Million Invested for Wastewater Treatment Upgrades to Support Business Growth in Sheffield, AL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to the city of Sheffield, Alabama, to make wastewater treatment upgrades needed to support economic growth and job creation. The EDA grant will be matched with $1.4 million in local investment. “President Biden…
EDA: $4 Million Invested to Support Electric Vehicle Manufacturing in Detroit, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Detroit, Michigan, to reconstruct deteriorating roads in support of an automobile manufacturing plant that will begin producing all-electrical vehicles. This EDA project, to be matched with $6.7 million in…
EDA: $2.75 Million Invested to Support Workforce Development Efforts in Coos Bay, OR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.75 million grant to Southwestern Oregon Community College, Coos Bay, Oregon, to support the renovation and modernization of existing instructional space. This EDA project, to be matched with $2.75 million in local funds, is expected to…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Boost Economic Recovery Efforts in Hartford, CT
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the Connecticut Department of Economic and Community Development (DECD), Hartford, Connecticut, to develop economic recovery strategies that will strengthen, diversify, and add resilience to the regional economy. This…
EDA: $2 Million in CARES Act Recovery Assistance Invested for Water Infrastructure Improvements in Aberdeen, SD
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the city of Aberdeen, South Dakota, to construct a new water tower and waterline to support business expansion. This EDA grant, to be matched with $2.1 million in…