EDA: $500,000 Invested to Establish Business Revolving Loan Fund to Serve Twelve County, Disaster-Impacted Region in South Dakota
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Northeast Council of Governments (NECOG) in Aberdeen, South Dakota, to establish a new Revolving Loan Fund (RLF) to support small businesses with recovering and rebuilding following a natural disaster. The EDA project, of which a portion is located in…
HUD: $36 Million Awarded to Promote Employment and Self-Sufficiency for Public Housing Residents
The U.S. Department of Housing and Urban Development (HUD) today awarded $36 million to public housing agencies, non-profit organizations, resident associations, and tribal grantees across the nation to hire or retain service coordinators who help connect all public housing residents with employment training, financial literacy services, educational opportunities, and health and wellness programs. Watch Secretary…
EDA: $8.9 Million Invested to Improve Flood Control Infrastructure Near Opportunity Zone in Long Beach, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding an $8.9 million grant to the city of Long Beach, California, to make the flood control infrastructure improvements needed to protect businesses and make the region resilient to future natural disasters. The EDA grant, to be located near…
EDA: $735,000 Invested in Critical Roadway Infrastructure near Opportunity Zone in Mattapoisett, MA
oday, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $735,000 grant to the town of Mattapoisett, Massachusetts, to reconstruct a critical roadway that serves an industrial park and surrounding businesses. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $735,000 in…
EDA: $513,274 Invested to Support Manufacturing in Atkinson, IL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $513,274 grant to the Village of Atkinson, Illinois, to make critical sewer infrastructure improvements needed to support the growth of manufacturing businesses in the region. This EDA grant, to be matched with $513,274 in local investment, is expected to create or retain…
CDFI Fund: $130.9 Million Announced in Awards for Affordable Housing Nationwide
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $130.9 million today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2019 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation,…
CDFI Fund: Request for Public Comment – CDFI Program, NACA Program and NMTC Program Annual Reports
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund),…
EDA: $5.6 Million Invested to Provide Critical Infrastructure Needed to Prevent Flooding in Williamsport, PA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.6 million grant to Lycoming County, Pennsylvania to prevent flooding by repairing a structurally unsound I-wall located within the Northeast levee in Williamsport. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will…
EDA: $1.8 Million Invested to Establish Revolving Loan Fund to Assist Businesses in Disaster-Impacted Northern California
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 3CORE, Inc. of Chico, California, to establish a Revolving Loan Fund (RLF) to create stronger and more economically resilient communities in wildfire-impacted Butte, Glenn, and Tehama counties. The EDA grant, to be matched…
CDFI Fund: FY 2020 CDFI Program and NACA Program Round Open for Applications
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing…