EDA: $500,000 in CARES Act Recovery Assistance Invested to Develop Extended Reality Technology Hub in St. Louis, MO
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to Technology Entrepreneur Center, Inc. (T-REX), St. Louis, Missouri, to establish an Extended Reality and Simulation Lab that will address the pressing challenges of working, educating, and meeting remotely by leveraging innovations in Extended Reality (XR)…
EDA: $6.8 Million in CARES Act Recovery Assistance Invested to Support Business Expansion and Development in St. George, SC
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6.8 million CARES Act Recovery Assistance grant to Dorchester County, South Carolina, to make roadway improvements at the Ridgeville Industrial Campus needed to support business attraction and expansion efforts and bolster the region’s ability to withstand…
EDA: $5.5 Million in CARES Act Recovery Assistance Invested to Build Critical Infrastructure and Boost Rural Workforce and Entrepreneurial Training Efforts in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $5.5 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “President Biden is committed to supporting communities as they not only recover from the pandemic but…
EDA: $3 Million Invested to Boost Workforce Development and Training Programs at Merced College
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Merced Community College District, Merced, California, to renovate a Merced College campus building that houses workforce development and targeted skills training programs. This EDA project, to be matched with $6.2 million in…
EDA: $2.8 Million in CARES Act Recovery Assistance Invested to Create LNG Center of Excellence in Lake Charles, LA
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 McNeese State University Foundation, Lake Charles, Louisiana, to construct a Center of Excellence to serve as a hub of resiliency for the Liquified Natural Gas (LNG) industry and…
EDA: $1.7 Million Invested to Provide Critical Infrastructure for New Industrial Park in Fort Benton, MT
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Fort Benton, Montana, to provide transportation, water, wastewater and stormwater infrastructure to support development of a new industrial park and foster economic resiliency. This EDA project, to be matched with $1.7 million…
EDA: $969,261 Invested to Help Southwest Michigan Prepare for Closure of Nuclear Facility
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $969,261 grant to Southwestern Michigan Commission, Benton Harbor, Michigan, to develop an economic recovery strategy ahead of the closure of the Palisades Nuclear Generating Station. This EDA grant will be matched with $242,316 in state and…
CDFI Fund: U.S. Treasury Awarded $1.25 Billion to Support Economic Relief in Communities Affected by COVID-19
Announcement made by Vice President Harris alongside Treasury Secretary Janet Yellen, U.S. Senator Mark Warner, and U.S. Representative Maxine Waters The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were announced today by Vice President Kamala Harris at the White House…
EDA: $2.4 Million Invested to Build Disaster Resilient Infrastructure in Guam
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the Port Authority of Guam, Santa Rita, Guam, to make disaster-resilient infrastructure improvements needed to ensure continuity of operations. The EDA grant, to be matched with $603,272 in local investment, is expected…
SBA: Funding Competition Announced for Organizations Providing Federal Procurement Training to Veteran Entrepreneuers
The U.S. Small Business Administration today announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $500,000 to deliver federal procurement training to veteran and service-disabled veteran entrepreneurs. The application period begins today through July 12, 2021. Up to two awardees will use the $500,000 in total funding…