Investment

EDA: $6 Million Invested to Make Disaster Resilient Infrastructure Improvemenst Near Opportunity Zone in Lexington, MO

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the city of Lexington, Missouri, to make critical water infrastructure improvements needed to protect businesses from future severe weather events. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone,…

EDA: $8.4 Million Invested to Improve Flood Control Infrastructure Near Opportunity Zone in Council Bluffs, IA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $8.4 million grant to the city of Council Bluffs, Iowa, to make flood control infrastructure improvements needed to protect businesses and make the region resilient to future natural disasters. The EDA grant, which will be located near…

EDA: $4.4 Million Invested in Tennessee to Support Local Stratgies or Job Growth in Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $4.4 million in the state of Tennessee to build critical infrastructure needed to support business growth. The EDA grants, to be matched with more than $2 million in other federal or local funds, are expected to help create…

HUD: $472 Million Awarded to Public Housing Authorities to Help Keep Residents Housed

CARES Act Funding provides additional funding to public housing authorities The U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $472 million in CARES Act funding to help low income families during the coronavirus pandemic. This funding can be used by Public Housing Authorities to help families assisted by Housing Choice…

EDA: $644,800 Invested to Protect Businesses from Flooding in Montrose, SD

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $644,800 grant to the city of Montrose, South Dakota, to make critical infrastructure improvements needed to protect the local business community from flooding. This EDA grant is expected to be matched with $161,200 in local investment. “Spring flooding has become an annual…

EDA: Over $116 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 8, 2020 – U.S. Department of Commerce Invests $1.65 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…

EDA: $10.1 Million Invested in WV to Support Local Strategies Including Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $10.1 million in the state of West Virginia to protect businesses from flooding, spur growth in a critical industry sector, boost workforce training efforts, and provide infrastructure needed to support businesses, including those in Opportunity Zones. The EDA…

EDA: Nearly $145 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: July 30, 2020 – U.S. Department of Commerce Invests $7.8 Million in CARES Act Funding to Boost Capacity of Universities Across Nation to…

EDA: $850,000 Invested to Make Critical Water Infrastructure Improvements in Northeast Texas Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $850,000 grant to the city of Hooks, Texas, to make critical wastewater infrastructure improvements needed to support business development and economic growth in a Tax Cuts and Jobs Act Opportunity Zone. The EDA grant project will be matched with $212,500 in local funds and…

EDA: $7 Million Invested to Make Critical Infrastructure Improvements Needed to Protect Montana Businesses from Future Floods

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7 million grant to Powder River County, Montana, to make critical infrastructure improvements needed to increase economic resilience in the face of natural disasters. The EDA grant, to be matched with $1 million in local investment, is…