Investment

EDA: $2.3 Million Invested to Establish Advanced Materials Innovation Center Near Rhode Island Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the University of Rhode Island Research Foundation, Kingston, Rhode Island, to establish the “401 Tech Bridge” advanced materials innovation center at two sites: the University of Rhode Island in Kingston for direct university…

EDA: $3 Million Invested to Build Apprenticeship and Industrial Trades Center for Workforce Development in Klamath Falls, OR

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Klamath Community College, Klamath Falls, Oregon, to build an on-campus Apprenticeship and Industrial Trades Center. The EDA grant, to be matched with $3.4 million in state funding, is expected to create 166 jobs…

EDA: Over $83 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: August 14, 2020 – U.S. Department of Commerce Invests $4 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…

EDA: $1.5 Million Invested to Improve Critical Wastewater Infrastructure in Banks County, GA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Banks County, Georgia, to make critical wastewater infrastructure improvements needed to support the region’s growing manufacturing base. The EDA grant, to be matched with $3 million in local funds, is expected to generate…

HUD: New Uses for Communities’ Coronavirus Relief Funds Approved

New flexibilities allow communities to effectively use over 3 billion in HUD relief funds  U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new flexibilities states and local government can use in order to best utilize Community Development Block Grant (CDBG-CV) funds appropriated by the CARES Act, as well as other…

EDA: $824,112 Invested to Make Critical Infrastructure Improvements to Protect from Future Floods Near Opportunity Zone in SC

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $824,112 grant to the town of Cheraw, South Carolina, to make water infrastructure improvements needed to protect businesses from future floods and natural disasters. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with…

EDA: $2 Million Invested to Develop Food Processing Business Incubator in Battle Creek, MI

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Battle Creek Unlimited, Battle Creek, Michigan, to develop a food processing incubator to serve the region’s food processing firms. The EDA grant, to be matched with $2 million in local funding, is expected…

EDA: $3 Million Invested to Make Critical Water Infrastructure Improvements in Clinton County, IN

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Clinton County, Indiana, to make wastewater infrastructure improvements needed to support business growth throughout the region. The EDA grant, to be matched with $5.1 million in local funds, is expected to create 150…

EDA: $3.7 Million Invested to Make Critical Water Infrastructure Improvements in Greene County, OH

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.7 million grant to the Greene County Board of Commissioners, Xenia, Ohio, to provide modern sanitary sewer infrastructure needed to protect businesses against damage from future severe weather events. The EDA grant will be matched with $2.5…

EDA: $2 Million Invested to Aid Fourche Dam Pike Road Corridor in Pulaski County, AR Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Pulaski County, Arkansas, to make critical roadway infrastructure improvements to the Fourche Dam Pike Road Corridor to support new business and job growth in the region. The EDA grant, to be located in…