EDA: $624,000 Invested to Support Disaster Economic Resliency Efforts Near Keani, AK Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $624,000 grant to the Kenai Peninsula Economic Development District, Kenai, Alaska, to increase the economic resilience of the Kenai Peninsula to future disasters. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $176,000 in…
EDA: $360,000 in CARES Act Recovery Assistance Invested to Support Statewide Tourism Economic Recovery Strategy in Louisiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $360,000 grant to the Louisiana Office of Tourism, Baton Rouge, Louisiana, to support a statewide economic recovery strategy in a key tourism sector. The project will be matched with $90,000 in local funds. “This investment comes at a crucial time to help…
OCC: Project REACh Pledge Released to Promote Vitality of Minority Depository Institutions
The Office of the Comptroller of the Currency today announced the release of the Project REACh Minority Depository Institution (MDI) Pledge. In doing so, Acting Comptroller of the Currency Brian P. Brooks encouraged all large and midsize banks to consider the pledge to develop meaningful partnerships with MDIs to help them remain a vibrant part…
HUD: $54.7 Million in Grants Awarded to Expand Development of New Rental Housing for Extremely Low-Income Persons with Disabilities
The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental housing for extremely low-income persons with disabilities. The capital advance awards will support integrated affordable housing by providing funding for the…
EDA: $13.3 Million Invested to Improve Transportation Infrastructure in Chico, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $13.3 million grant to the city of Chico, California, to make roadway improvements needed to increase access to an airport and three major job centers. The EDA grant is expected to create 620 jobs, retain 200 jobs,…
EDA: $4.4 Million Invested to Support Commercial Fishing Workforce Development Efforts in American Samoa Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to the American Samoa Government, Pago Pago, American Samoa, to support commercial fishing workforce development and economic diversification efforts. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will create…
EDA: $1.49 Million in CARES Act Recovery Assistance Invested to Expand Healthcare Delivery Capacity on Coquille Indian Tribe’s Kilkich Reservation
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.49 million CARES Act Recovery Assistance grant to the Coquille Indian Tribe, North Bend, Oregon, to purchase equipment and supplies needed to expand patient capacity and respond to the coronavirus pandemic through the Ko-Kwel Wellness Center, currently…
EDA: $1.45 Million Invested to Make Water System Infrastructure Improvements in Georgetown, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.45 million grant to the city of Georgetown, South Carolina, to make water infrastructure improvements needed to support commercial and industrial growth following destruction caused by Hurricane Florence. The EDA grant will be matched with $364,740 in…
EDA: $1.2 Million Invested to Provide Critial Utility Infrastructure Improvements in Tecumseh, NE
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the City of Tecumseh, Nebraska, to make critical utility infrastructure improvements needed to increase electricity generation capacity and stability. The EDA grant, to be matched with $304,863 in local investment, is expected to…
EDA: $2.4 Million in CARES Act Recovery Assistance to Implement a Technical Assistance Program and Support Businesses in Louisana
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Louisiana Department of Economic Development, Baton Rouge, Louisiana, to develop a technical assistance program and support business attraction and retention efforts across the state in response to adverse…