EDA: $500,000 Invested to Support Growth of the Manufacturing and Construction Sectors Near Opportunity Zone in Albuquerque, NM
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to DreamSpring of Albuquerque, New Mexico, to support the rollout of its Expreso loan program, which will provide a new financial product to assist businesses in New Mexico and Texas. The EDA grant, to be located near a Tax Cuts and…
CDFI Fund: Comments Sought on CDFI Equity Investment Award Policy
The Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) requests comments from the public to gain a better understanding of how Community Development Financial Institutions (CDFIs) treat equity investments in their organizations to help inform policy decisions regarding the CDFI Fund’s management and oversight of its investment portfolio. Through the Community Development Financial Institutions…
HUD: Nearly $120 Million Awarded to Tribes Across the Nation for Economic and Housing Development
111 projects will support economic and housing development for Native American Families This week, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced nearly $120 million in Indian Community Development Block Grant (ICDBG) awards to Tribes across the Nation. The ICDBG program provides funding to use in developing American Indian and Alaska Native…
EDA: $10 Million Invested in Florida to Support Business Recovery Efforts and Advanced Manufacturing
Today, U.S. Secretary of Commerce Wilbur Ross announced $10 million in Economic Development Administration (EDA) grants to the state of Florida during a visit to Indian River State College (IRSC) in Ft. Pierce. The two EDA grants will help recovering businesses gain access to capital and will fund the construction of a new IRSC worker…
CDFI Fund: CDFI Fund Opens FY 2020 Capital Magnet Fund Funding Round
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2020 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing, as…
EDA: $4.8 Million Invested to Establish Small Business Center in North Carolina Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million grant to the town of Fair Bluff, North Carolina, to construct the Town of Fair Bluff Small Business Center. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
EDA: $1.8 Million Invested to Improve Infrastructure in McCreary County, KY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the McCreary County Water District of Whitley City, Kentucky, to upgrade existing sewer infrastructure to accommodate business growth, including the expansion of a local manufacturer. The EDA grant, to be located in a Tax…
EDA: $2 Million Invested to Protect Businesses from Flooding in Wells, NV
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Wells, Nevada, to make critical water infrastructure improvements needed to maintain commercial and industrial operations during significant flood events. The EDA grant, to be matched with more than $270,000 in…
EDA: $1 Million Invested to Establish Revolving Loan Fund for Businesses in Opportunity Zones in Southeast New Hampshire
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Rockingham Economic Development Corporation (REDC) of Raymond, New Hampshire, to establish a Revolving Loan Fund (RLF) to provide critical gap financing to businesses and entrepreneurs in the REDC service area. The EDA…
EDA: $2.5 Million Invested to Provide Critical Infrastructre to Serve Tribal Businesses in Oklahoma Opportunity Zone
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 Citizen Potawatomi Nation, Shawnee, Oklahoma, to make critical infrastructure improvements needed to support diversified business growth at the Iron Horse Industrial Park. The EDA grant, to be located in a Tax Cuts and…