Investment

CDFI Fund: $3.5 Billion Announced in New Market Tax Credits

Awards will Spur Economic and Community Development Nationwide  Washington – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3.5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide.  A total of 73 Community Development Entities (CDEs) were…

EDA: Investment Made to Provide High-Speed Research Computing for Business Growth in South Dakota Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.46 million grant to Dakota State University in Madison, South Dakota, to help establish a high speed research network. The investment, located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $1.46…

EDA: Investment Made to Improve Critical Municipal Infrastructure in Oshkosh, WI

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $1.5 million to improve access to the multimodal trans-load terminal in Oshkosh, Wisconsin’s city-owned Southwest Industrial Park. The investment will be matched with $1.5 million in local funds and is expected to attract $5.2 million in private investment….

HUD: Additional $1.9 Million Awarded to Promote Employment and Self-Sufficient for Public Housing Residents

The U.S. Department of Housing and Urban Development (HUD) today awarded an additional $1.9 million to six public housing authorities and non-profit organizations across the nation to hire or retain service coordinators to help residents find jobs and educational opportunities. See list of grant funding by state below. Last winter, HUD awarded $29 million to public…

HUD: $5 Million Offered for Carbon Monoxide Detectors in Public Housing

Funding Comes from Emergency Safety and Security Funding WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced $5 million will be made available for the purchase and installation of carbon monoxide (CO) detectors in public housing units where they are necessary. Provided through HUD’s Emergency Safety and Security Program, these funds represent…

EDA: Investment Made to Support the Growth of Georgia’s Manufacturing Sector

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing $960,000 in sewer infrastructure improvements needed to support the growth of manufacturing and other businesses in the town of Braselton, Georgia, an investment that will be matched with $240,000 in local funds. The project is expected to create 183 jobs…

HUD: $85 Million Awarded to Revitalize Three Low-Income Neighborhoods

Federal investments expected to generate more than $620 million in neighborhood reinvestment U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced three communities across the country will receive a combined $85 million to redevelop severely distressed public or assisted housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative, these grants, and the…

HUD: FHA Offers Incentives for Property Owners Who Invest in Opportunity Zones

Lower costs and dedicated underwriters to stimulate housing investment in distressed neighborhoods The Federal Housing Administration (FHA) today announced a package of incentives to encourage multi-family property owners to invest in thousands of neighborhoods located in Opportunity Zones across the nation. Read today’s Housing Notice. FHA is introducing reduced application fees paid by property owners applying…

EDA: Investment Made in Business Incubator and Workforce Training Facility in North Charleston, SC

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in Homes of Hope Inc. to renovate an existing building in North Charleston, South Carolina, to serve as a business incubator and training facility. The investment will be matched by $2 million in local funds and is expected…

EDA: Investment Made to Boost Tourism-related Business Development in West Virginia

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing in the Hatfield McCoy Regional Recreation Authority of Man, West Virginia, to help expand the Hatfield McCoy Trail System. The investment will be matched with $452,228 in local funds and is expected to help create 75 jobs and generate $5…