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…
EDA: $350,000 Invested to Establish Forest Operations Training Center Near Opportunity Zone in Flagstaff, AZ
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $350,000 grant to Northern Arizona University, Flagstaff, Arizona, to support the establishment of a workforce development program focused on the forest products industry. This EDA grant will be matched with $87,588 in local investment. “Helping our communities implement workforce development programs to…
HUD: Nearly $165 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $165 million to 44 state and local government agencies in 23 states to protect children and families from lead-based paint and home health hazards. HUD is providing these grants through its Lead Based Paint Hazard…
EDA: $10.3 Million in CARES Act Funding to Capitalize Revoling Loan Fund Across West Virginia
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $10.3 million EDA CARES Act Recovery Assistance grant to the West Virginia Economic Development Authority, Charleston, West Virginia, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical capital financing to small businesses and…
EDA: $4 Million Invested to Improve Water Infrastructure in Stevenson, WA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Stevenson, Washington, to make critical wastewater infrastructure improvements needed to support business growth throughout the region. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will…
EDA: $732,080 Invested to Renovate Historic Building to Support Entrepreneurial and Start-up Growth in Vincennes, IN Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $732,080 grant to the city of Vincennes, Indiana, to renovate the historic Pantheon Theatre and convert it into a shared coworking, training, and meeting space to support entrepreneurs and small business growth. The project, to be located in a Tax Cuts and Jobs…