EDA: $1 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses Across Hawaii
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the State of Hawaii’s Department of Business, Economic Development & Tourism, Honolulu, Hawaii, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the…
HUD: Puerto Rico Housing Department and HUD Announce New Action to Enable Stronger Recovery for the Island
The U.S. Department of Housing and Urban Development (HUD) and Puerto Rico’s housing department, Departamento de la Vivienda, today announced two partial approvals of Vivienda’s Action Plan, approving the use of $6.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funding for Puerto Rico. “HUD and the Biden Administration are committed to working with Puerto…
HUD: Funding Renewed for Thousands of Local Homeless Programs
$2.5 billion to renew existing grants for more than 6,500 community-based housing and service providers The U.S. Department of Housing and Urban Development (HUD) today awarded $2.5 billion to renew support to thousands of local homeless assistance programs across the nation. HUD’s Continuum of Care (CoC) grants will provide critically needed support to 6,597 local…
EDA: $2 Million in Grants Awarded to Drive Innovation and Entrepreneurship through Inaugural STEM Talent Challenge
Economic Development Administration’s Program Supports Efforts of Seven Organizations in Seven States WASHINGTON – U.S. Secretary of Commerce Wilbur Ross today announced the seven grant recipients of the Economic Development Administration’s (EDA) STEM Talent Challenge to boost local science, technology, engineering, and math (STEM) talent. The inaugural STEM Talent Challenge funding opportunity kicked off in August 2020 to further build STEM…
EDA: $5.98 Million Invested to Protect Businesses from Flooding in San Diego, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.98 million grant to the city of San Diego, California, to make stormwater infrastructure improvements needed to mitigate the impact of flooding on local industry. The EDA grant, to be matched with $5.98 million in local investment,…
EDA: $3.4 Million Invested to Support Manufacturing Growth in Kincheloe, MI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to the Chippewa County Economic Development Corporation, Kincheloe, Michigan, to build a manufacturing facility at Chippewa County Air/Industrial Park and expand an existing railroad spur to serve the facility. The EDA grant will be…
EDA: $2.7 Million in CARES Act Recovery Assistance to Establish Revolving Loan Fund to Serve Businesses in Fresno and San Luis Obispo Counties, California
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million CARES Act Recovery Assistance grant to California Coastal Rural Development Corporation (CCRDC), Salinas, California, to establish and administer a Revolving Loan Fund (RLF) in support of coronavirus-impacted small businesses in Fresno and San Luis Obispo…
EDA: $2.56 Million Invested to Support Economic Development and Disaster Resiliency Efforts in Loudon, TN Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.56 million grant to the city of Loudon, Tennessee, to make infrastructure improvements to allow for expansion of new and existing industries in the region. The EDA grant, to be matched with $640,000 in local investment, is…
EDA: $2.4 Million Invested to Boost Disaster Resiliency Efforts in Cascade Locks, OR Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Cascade Locks, Oregon, to make power supply infrastructure improvements needed to support business growth. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Aid Reopening of the Tourism Industry in Colorado
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Colorado Office of Economic Development and International Trade (OEDIT), Denver, Colorado, to support the Restart and Reimagine Colorado Tourism Industry project to aid the reopening of the state’s…