EDA: $1.8 Million Invested to Boost Growth at Five Points Business Park Near Opportunity Zone in Abilene, TX
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 city of Abilene, Texas, to make roadway infrastructure improvements needed to support expansion efforts of manufacturers and businesses in the Five Points Business Park area. The EDA grant, to be located near…
EDA: $1.6 Million Invested to Provide Flood-Resilient Infrastructure at the Marine Operations Center in South-Central Louisiana
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Louisiana Universities Marine Consortium, Chauvin, Louisiana, to help build flood-resilient infrastructure at the new Marine Operations Center in support of important coastal and marine system research. The EDA grant, to be matched…
EDA: $813,620 Invested to Make Disaster Resilient Improvements in Port Washington, WI
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $813,620 grant to the city of Port Washington, Wisconsin, to install permanent backup generators that will ensure uninterrupted service at the city’s wastewater and water treatment plants during disasters. The EDA grant, to be matched with $203,405 in local investment, is expected…
EDA: $620,970 Invested to Support Growth of Manufacturing Sector in Pontotoc County, MS
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $620,970 grant to Pontotoc County, Mississippi, to make water infrastructure improvements at the Pontotoc County Industrial Park, to support the expansion and growth of manufacturing businesses in the region. This EDA grant, to be matched with $320,970 in local investment and $300,000…
EDA: $500,000 Invested to Support Regional Innovation and Economic Growth in Disaster-Impacted Northwest Louisiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Grambling State University, a Historically Black University in Grambling, Louisiana, to conduct a feasibility study that will serve as a road map to foster innovation and economic resiliency in the disaster-impacted Northwest Louisiana region. The EDA grant will be…
CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the fiscal year 2020 round of the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued to the Community Reinvestment Fund, USA on behalf of Clearinghouse Community Development…
EDA: $2 Million Invested to Construct Business Incubator to Support Entrepreneurial Development in Laurinburg, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Scotland County Economic Development Corporation, Laurinburg, North Carolina, to construct a new business incubator to provide workspace for startup companies and expanding industries. The EDA grant, to be matched with more than…
EDA: $1.5 Million Invested to Protect Businesses from Flooding in Conway County, AR
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Conway County Levee District 6, Morrilton, Arkansas, to help construct and install a permanent stormwater pump station to mitigate flood risks in the Oppelo Bottoms industrial area. The EDA grant, to be matched…
EDA: $444,009 Invested to Develop Strategic Plan for Main SpacePort Complex in Augusta, ME Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $444,009 grant to the Maine Space Grant Consortium, Augusta, Maine, to develop a strategic plan for the Maine SpacePort Complex. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $148,489 in state funds and $111,442…
EDA: $530,748 Invested to Make Roadway Infrastructure Improvements to Protect Businesses from Flooding in Nebraska City, NE
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $530,748 grant to the city of Nebraska City, Nebraska, to improve roadway infrastructure and protect businesses operating in a key industrial corridor from the impact of severe weather. The EDA grant will be matched with $132,687 in local investment. “The Trump Administration…