Investment

EDA: $520,518 in CARES Act Recovery Assistance Invested to Support Development of Aquaculture Sector in Prince William Sound

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $520,518 CARES Act Recovery Assistance grant to the Chugach Regional Resources Commission, Anchorage, Alaska, to support development of the aquaculture sector in Prince William Sound. This EDA grant, to be matched with $97,235 in local investment, is expected to create 85 jobs…

HUD: More Than $90 Million for Affordable Housing Awarded in Tribal Communities

24 Tribes receive funds that will support the construction of approximately 350 new housing units The U.S. Department of Housing and Urban Development today announced over $90 million in grant awards to 24 Tribes and Tribally Designated Housing Entities (TDHEs) across the country to support new housing construction, housing rehabilitation, and critical infrastructure projects. “This…

HUD: $13.7 Million Awarded to Public Housing Agencies for Emergency Safety and Security Improvements

The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $13.7 million to Public Housing Authorities (PHAs) throughout the country to make needed capital improvements in public housing developments that serve to enhance safety and security for residents. View a complete list of housing authorities that received funding. “Keeping families who live…

HUD: $5 Billion Announced to Increase Affordable Housing to Address Homelessness

Secretary Fudge: “With this strong funding, communities across the country will have the resources needed to get people housed and keep people home” U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the allocation of nearly $5 billion in American Rescue Plan funds to help communities across the country create…

EDA: $9 Million in CARES Act Recovery Assistance to Support Businesses Capital and Infrastructure Needs in Michigan

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $9 million in CARES Act Recovery Assistance grants to help the state of Michigan prevent, prepare for, and respond to coronavirus. “The Biden Administration is committed to helping Michigan’s economy recover from the challenges of the pandemic,” said…

EDA: $5.3 Million in CARES Act Recovery Assistance Invested to the Russell Center for Innovation and Entrepreneurship to Expand Regional Economic Growth

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.3 million CARES Act Recovery Assistance grant to the Russell Center for Innovation and Entrepreneurship, Atlanta, Georgia, to improve and expand the facility and increase their capacity to promote entrepreneurship, support sustainable economic growth, and create jobs…

EDA: $4.5 Million Invested to Boost Workforce Training Efforts in Mid-Missouri Region

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.5 million grant to the Southern Boone County R-1 School District, Ashland, Missouri, to construct the Ranken-Ashland Skilled Trade Training Facility, a construction trade and medical services workforce development training center in mid-Missouri. This EDA project, to…

EDA: $4.45 Million in CARES Act Recovery Assistance Invested to Improve Smith Reynolds Airport in Winston-Salem, NC

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.45 million CARES Act Recovery Assistance grant to Forsyth County, North Carolina, to repair structural damages at Smith Reynolds Airport in Winston-Salem caused by Hurricane Michael and to offset additional economic adversity caused by the coronavirus pandemic….

EDA: $2.7 Million Invested to Protect Commercial District Businesses from Flooding in Plymouth, NH

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the town of Plymouth, New Hampshire, to make critical infrastructure improvements needed to protect businesses in the Downtown Commercial District from flooding. This EDA grant will be matched with $675,000 in local investment….

EDA: $3 Million in CARES Act Recovery Assistance to Capitalize Revolving Loan Fund to Serve Small Businesses in 17-County Region of Kentucky

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Community Ventures Corporation, Lexington, Kentucky, to provide critical gap financing to small businesses economically impacted by the coronavirus pandemic in the Bluegrass Region of Kentucky. This EDA grant will…