EDA: Over $49 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: July 24, 2020 – U.S. Department of Commerce Invests $300,000 in CARES Act Funding to Boost University of Tennessee’s Capacity to Help Communities…
EDA: $3.3 Million Invested to Expand Aviation Workforce Training Center at Southern Illinois Airport
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.3 million grant to the Southern Illinois Airport Authority, Carbondale, Illinois, to construct an additional hangar at Southern Illinois Airport to house aerospace-focused workforce training programs. The EDA grant, to be matched with $829,879 in local investment,…
EDA: $1.2 Million Invested to Make Critical Infrastructure Improvements to Support Manufacturing in Iowa Opportunity Zone
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 Perry, Iowa, to make critical roadway infrastructure improvements to support the expansion of manufacturing businesses in the region. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity…
EDA: $1.5 Million Invested to Make Critical Infrastructure Improvements to the Port of South Louisiana
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 Port of South Louisiana, Laplace, Louisiana, to make critical roadway infrastructure improvements to the Port’s Globalplex Intermodal Terminal, a maritime industrial park. The EDA grant, to be matched with $375,000 in local…
EDA: $852,000 Invested to Make Critical Infrastructure Improvements to Spur Industrial Growth in Yuma, AZ
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $852,000 grant to the city of Yuma, Arizona, to construct a sewer system to serve an industrial area that will support commercial and industrial business enterprises. This EDA grant, to be matched with $213,000 in local funds, is expected to create 500…
EDA: $3.3 Million Invested to Rebuild Aiport Hanger Buildings Damaged by Hurricanes Near Opportunity Zone in Cateret County, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a nearly $3.3 million grant to the Carteret County-Beaufort Airport Authority, Beaufort, North Carolina, to rebuild airport hangar buildings damaged and destroyed by Hurricanes Florence and Dorian. The EDA grant, to be located near a Tax Cuts and Jobs…
EDA: $1.5 Million Invested to Modernize Shipyard Service Facility 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 $1.5 million grant to the American Samoa Shipyard Services Authority, Pago Pago, American Samoa, to support the acquisition of equipment, machinery, and tools needed to modernize the Shipyard Service Facility located in a Tax Cuts and Jobs Act Opportunity…
EDA: Over $100 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: July 17, 2020 – U.S. Department of Commerce Invests $8.4 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small…
CDFI Fund: New CDFI FA, NMTC AMIS Compliance and Reporting Forms Available in August
Late TLR Submitters have until July 31st to Submit using Current TLR Template The Community Development Financial Institutions Fund (CDFI Fund) is deploying new Transaction Level Report (TLR) templates for use by Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Financial Assistance (FA) and New Markets Tax Credit Program…
CDFI Fund: More Than $3.5 Billion in New Markets Tax Credits Announced
Awards will spur economic and community development nationwide. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit…