HUD: Nearly $2 Billion Awarded in CARES Act Relief Funds Focusing on Communities with Higher Risk of Eviction
United States Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of the remaining $1.988 billion in CARES Act funding for the Community Development Block Grant (CDBG) program. The allocation focuses funds towards places with households facing higher risk of eviction. To date, HUD has provided nearly $5 billion in CDBG funding nationwide…
CDFI Fund: Application Demand for FY 2020 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2020 round of its Capital Magnet Fund program. A total of 137 organizations submitted applications requesting more than $642.2 million in funding. The applicants propose to serve 50 states, the District of…
EDA: $2 Million Invested to Establish Flex Lab One Building at Clemson University to Support Advanced Manufacturing in South Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to LICAR, LLC., Greenville, South Carolina, to construct the Clemson University Land Stewardship Foundation’s Flex Lab One Building on the Clemson University International Center for Automotive Research campus. The EDA grant, to be matched…
HUD: Flexibilities Provided for Emergency Solutions Grants Program CARES Act Funds
Department working with states and local units of governments to aid vulnerable populations amid outbreak United States Department of Housing and Urban Development (HUD) Secretary Ben Carson today provided the additional requirements and flexibilities for the $3.96 billion provided to states and units of local government for the Emergency Solutions Grants Program under the CARES Act (ESG-CV)….
EDA: $646,559 Invested to Make Critical Water Infrastructure Improvements in Somerset, MA Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $646,559 grant to the town of Somerset, Massachusetts, to make water infrastructure improvements needed to support future business growth. The EDA grant project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $646,559 in local funds and…
EDA: $2.3 Million Invested to Protect Businesses from Flooding in Mauoketa, IA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the city of Maquoketa, Iowa, to make stormwater infrastructure improvements needed to protect the city’s industrial parks and commercial areas from future floods. The EDA grant, to be located in a Tax Cuts and…
EDA: $1.5 Million Invested to Build Infrastructure Needed to Support Business Growth Near Opportunity Zone in Hermiston, OR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Hermiston, Oregon, to build water, sewer, and road infrastructure needed to create ‘shovel-ready’ industrial parcels for development within the South Hermiston Industrial Park. The EDA grant, to be located near…
EDA: Over $33 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: September 3, 2020 – U.S. Department of Commerce Invests $7.2 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…
EDA: $2.5 Million Invested to Make Wastewater Infrastructure Improvements in Marble Falls, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the city of Marble Falls, Texas, to build a new flood-resistant wastewater treatment plant that will increase the city’s capacity to protect businesses from flooding and encourage additional business development. The EDA grant,…
EDA: $1.25 Million Invested to Improve Wastewater Infrastructure Near Opportunity Zone in Pulaski, VA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to the Town of Pulaski, Virginia, to make wastewater infrastructure improvements needed to support growth of the region’s vital manufacturing sector. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone,…