CDFI Fund: FY 2021 Funding Round Opened for the Bank Enterprise Award Program
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s websitein anticipation of the publication of the FY 2021 Notice of Funds…
EDA: $3.6 Million Invested to Establish a Manufacturing Workforce Training Center in Cleveland, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.6 million grant to the Workroom Program Alliance and the Cleveland Municipal School District., Cleveland, Ohio, to renovate a 33,000-square-foot space within Cleveland’s Collinwood High School for use as an adult technical training and workforce development…
FHFA: Changes Announced to Common Securitization Solutions Board Structure
The Federal Housing Finance Agency (FHFA) today announced that Common Securitization Solutions (CSS) is undertaking a series of actions to better align its corporate governance structure with its core mission of supporting the infrastructure for Fannie Mae and Freddie Mac (the Enterprises) mortgage-backed securities issuance. Matthew Feldman has been named Chairman of the Board of…
CDFI Fund: 2020 ACR Summary Reported Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a summary snapshot report from the fiscal year (FY) 2020 Annual Certification and Data Collection Report (ACR) reporting cycle. Community Development Financial Institutions (CDFIs) must submit an ACR on an annual basis within 90 days of the end of their…
EDA: $13.1 Million Invested to Support Disaster Recovery Efforts in Iowa
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $13.1 million in grants to help the state of Iowa recover from recent natural disasters. “President Biden is dedicated to using the full power of the federal government to help communities recover and rebuild following natural disasters,”…
EDA: $6 Million Invested for Infrastructure Improvements to Boost High-Tech Business Growth in Cass County, MI
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Midwest Energy Cooperative, Cassopolis, Michigan, a community that traditionally has been dependent on nuclear plants, to construct the needed road, sewer, and water infrastructure to support the 234-acre Southwest Michigan Advanced Research…
EDA: $5.1 Million in CARES Act Recovery Assistance Invested to Construct a Warehouse and Hangar Facility to Support Job Creeation in Mobile, AL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.1 million CARES Act Recovery Assistance grant to the Mobile Airport Authority, Mobile, Alabama, to construct a multi-use cargo warehouse and hangar facility at the Mobile Aeroplex, promoting business expansion and job creation. This EDA grant,…
EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support Innovation and Entrepreneurship in Flint, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million CARES Act Recovery Assistance grant to the University of Michigan-Flint, Flint, Michigan, to construct the university’s new College of Innovation and Technology. This EDA grant, to be matched with $4.9 million in local funds,…
EDA: $3.4 Million in CARES Act Recovery Assistance Invested to Support Economic Resiliency in California
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.4 million in CARES Act Recovery Assistance grants to help the state of California prevent, prepare for, and respond to the coronavirus. “President Biden is working to ensure that communities recovering from the economic impacts of the…
EDA: $2.8 Million in CARES Act Recovery Assistance to Support Airport Hanger Expansion in Roswell, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million CARES Act Recovery Assistance grant to the city of Roswell, New Mexico, to construct an airport hangar addition at the Roswell Air Center and support business expansion. This EDA grant is expected to create…