EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses in Southwest Montana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the Northern Rocky Mountain Economic Development District, Bozeman, Montana, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in Gallatin…
CDFI Fund: FY 2021 CDFI Program and NACA Program Application Round Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) today. The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing…
HUD: $38.8 Million in Loan Guarantee Assistance Announced for the District of Columbia for Affordable Housing Projects
Funds will support and preserve affordable housing in the Washington, DC area The U.S. Department of Housing and Urban Development (HUD) today announced that the Department of Housing and Community Development (DHCD) in Washington, DC will receive a $38.8 million loan guaranteed by HUD to fund a variety of affordable housing rehabilitation projects that will…
EDA: $17.3 Million Invested to Support Disaster Recovery and Resiliency Efforts in South Carolina
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $17.3 million in grants to the state of South Carolina to support disaster recovery and resiliency efforts. “EDA is committed to helping communities across South Carolina rebound and build back stronger following natural disasters,” said Dennis Alvord, Acting Assistant Secretary of Commerce for…
EDA: $13.2 Million Invested to Boost Northern Marianas College’s Capacity to Support Business and Job Growth
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $13.2 million grant to Northern Marianas College (NMC), Saipan, Commonwealth of the Northern Mariana Islands, to increase the college’s capacity to support regional economic development. This EDA grant is expected to help create 272 jobs and generate $13.5 million in private investment….
EDA: $10.2 Million in CARES Act Recovery Assistance Invested to Support Economic Growth and Resiliency Efforts in Texas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $10.2 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “EDA is committed to helping communities across Texas fight economic hardships brought on by COVID-19,” said Dennis Alvord, Acting Assistant Secretary of…
EDA: $8.6 Million Invested to Boost the University of Guam’s Capacity to Support Economic Growth
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $8.6 million grant to the University of Guam, Mangilao, Guam, to increase the university’s capacity to support regional economic development. The EDA grant, to be matched with $1.7 million in local investment, is expected to create 243 jobs. “The damage caused by…
EDA: $5 Million Invested to Make Water System Improvements in Reno, NV
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $5 million grant to the city of Reno, Nevada, to make water infrastructure improvements needed to support regional business and job growth. This EDA grant, to be matched with $9.8 million in local investment, is expected to create 144 jobs and generate…
EDA: $4.2 Million in CARES Act Recovery Assistance Invested to Support Pandemic Response and Resiliency Efforts in Louisiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $4.2 million in CARES Act Recovery Assistance grants to help the state of Louisiana prevent, prepare for, and respond to coronavirus. “EDA is committed to helping communities across Louisiana fight economic hardships brought on by COVID-19,” said Dennis Alvord, Acting Assistant Secretary of…
EDA: $3.1 Million Invested to Protect Businesses from Flooding in Lumberton, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the city of Lumberton, North Carolina, to fund construction of a permanent floodgate system to prevent flooding to area businesses. The EDA grant, to be matched with $1 million in local investment, is expected to create 90 jobs,…