Investment

EDA: Over $700,000 Invested to Support Tribal Disaster Recovery Efforts in Wisconsin

 Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $709,222 grant to the Bad River Band of Lake Superior Tribe of Chippewa Indians in Odanah, Wisconsin, to hire an Economic Recovery Coordinator to advance disaster recovery efforts in the region. The project is located near a Tax Cuts and Jobs Act designated Opportunity Zone….

HUD: $655 Million Announced to Help Tribes Support More Affordable Housing

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced more than $655 million in Indian Housing Block Grants (IHBG) to Native American Tribes in 38 States. Funding is distributed to eligible Tribes and their tribally designated housing entities (TDHEs) to carry out a range of affordable housing activities in their communities….

HUD: $20 Million Awarded to Help Public Housing Residents Secure Higher Paying Jobs

Housing Authorities in nine communities will receive funding under Jobs Plus  U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today visited Carmelitos Public Housing Development and announced a $20 million investment to nine public housing agencies (PHA) to help public housing families increase their earned income and become self-sufficient. See chart below…

HUD: $2.7 Billion Awarded to Improve, Preserve Public Housing

Housing authorities will use funding to modernize housing for families, seniors  The U.S. Department of Housing and Urban Development (HUD) today awarded more than $2.7 billion to public housing authorities (PHA) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands. The funding will allow agencies…

EDA: $1.7 Million Invested to Help Make Critical Infrastructure Improvements in Saipan, Northern Marian Islands Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the Commonwealth Utilities Corporation in Saipan, Northern Mariana Islands, to assist with the construction of a new water filtration system. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone,…

CDFI Fund: FY 2020 CDFI Bond Guarantee Program Application Workshop Registration Now Open

In anticipation of the fiscal year (FY) 2020 round of the CDFI Bond Guarantee Program, which is expected to launch early this spring, the CDFI Fund is conducting one (1) two-day workshop for potential applicants on the Qualified Issuer and Guarantee Application requirements. This workshop will cover the basics of the program and is appropriate…

EDA: $7.4 Million Invested to Make Critical Electrical Infrastructure Upgrades to Serve Businesses in Skamania County, WA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.4 million grant to Public Utility District No. 1 of Skamania County, Washington, to upgrade an electrical power substation to support the energy needs of commercial and industrial customers. The EDA grant, to be matched with more…

EDA: $1.2 Million Invested in Construction of New Pier in Port of Newport, OR

 Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Port of Newport, Oregon, to support the construction of a new pier, serving the largest commercial fishing fleet in the state. The EDA grant, to be matched with $1.2 million in local…

EDA: $2.3 Million Invested to Boost Workforce Training Opportunities in Idaho

 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 Idaho State University in Pocatello, Idaho, to construct a new technical education and training facility on campus. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched…

EDA: $2.6 Million Invested to Support Workforce Training Opportunities in Clinton, NC Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to Sampson Community College of Clinton, North Carolina to increase the number of skilled workers available to meet regional trucking industry needs by expanding the college’s truck driving school. The EDA grant, to be…