Investment

EDA: $960,000 in CARES Act Recovery Assistance Invested to Boost Broadbank Capacity in Western Maryland

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 CARES Act Recovery Assistance grant to the Board of County Commissioners of Garrett County, Oakland, Maryland, to increase access to affordable, reliable, and abundant internet service in western Maryland. This EDA grant, to be matched with $240,000 in state and local…

EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance to Small and Disadvantaged Businesses in Alabama

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., Birmingham, Alabama, to provide coronavirus recovery and resiliency technical assistance to small and historically disadvantaged minority and women-owned businesses throughout the state. This EDA grant will be matched with $187,500 in…

EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance and Enhance Lending to Small Businesses in Metro Atlanta Area, GA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., New York, New York, to provide training and affordable capital to small businesses impacted by the coronavirus pandemic in the Metro Atlanta area, Georgia. This EDA grant will be matched with…

HUD: $160 Million Awarded to Five Communities to Revitalize Housing, Invest in Neighborhoods

 U.S. Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Wednesday announced that five communities have received a combined $160 million to redevelop severely distressed housing and spur comprehensive revitalization under the federal Choice Neighborhoods Initiative. HUD has named Camden, New Jersey; Cleveland, Ohio; Detroit, Michigan; Fort Myers, Florida; and Lewiston, Maine as this…

CDFI Fund: Upcoming Deadline Reminder for FY 2021 Small Dollar Loan Program Applicants

As a reminder for fiscal year (FY) 2021 Small Dollar Loan Program (SDL Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s SDL Program funding round is May 28, 2021 at 11:59 PM ET.  Applicants must also have created an Awards Management Information System (AMIS) account and entered their EIN and…

HUD: $145 Million Funding Opportunity Announced to Address the Needs of Youth Experiencing Homelessness

The U.S. Department of Housing and Urban Development (HUD) is making $145 million in competitive funding available to build systems intended to end youth homelessness in local and rural communities through HUD’s Youth Homelessness Demonstration Program (YHDP). Competitive funding is available to up to 50 communities for implementation of youth specific innovative programs to address the…

EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Establish Workforce Training Program at Philander Smith College

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million CARES Act Recovery Assistance grant to Philander Smith College, Little Rock, Arkansas, to develop the HBCU Center of Excellence in Digital Education and Rural Workforce Development. This EDA grant, to be matched with $638,420 in…

EDA: $6 Million in CARES Act Recovery Assistance Invested to Build Nursing School and Expand Biomedical Research Facility in Texas

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $6 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “President Biden is focused on getting Americans back to work as we build back better from…

EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support Tourism and Economic Recovery Efforts in Kentucky

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.8 million in CARES Act Recovery Assistance grants to help the state of Kentucky prevent, prepare for, and respond to the coronavirus. “President Biden remains steadfast in his commitment to providing local communities with the resources necessary…

EDA: $2.7 Million in CARES Act Recovery Assistance Invested to Support Regional Economic Growth in Hawaii

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million CARES Act Recovery Assistance grant to the University of Hawaii, Honolulu, Hawaii, to strengthen, expand, and scale its work supporting entrepreneurship and job creation. This EDA grant will be matched with $813,068 in local…