Investment

EDA: NIST, EDA and the FirstNet Authority Announce $1 Million Interagency Disaster Challenge

The Accelerate R2 Network will Connect Response and Resiliency Innovation Efforts Three U.S. Department of Commerce agencies have launched a first-of-its-kind interagency challenge focused on accelerating innovations for disaster response and resilience technology. The Economic Development Administration (EDA), in collaboration with the National Institute of Standards and Technology (NIST) and the First Responder Network Authority (FirstNet Authority), today announced the Accelerate R2…

EDA: $13 Million in Grants Announced to Support Trade Adjustment Assistance Centers and U.S. Manufacturers

Today, U.S. Secretary of Commerce Wilbur Ross announced $13 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachussetts,…

EDA: $2.7 Million Invested to Support Diversified Business Growth in Oregon, OH

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the city of Oregon, Ohio, to help attract new businesses to the region by expanding the Cedar Point Industrial Park. This grant, to be matched with $679,179 in local funds, is expected to…

EDA: $382,000 Invested in Critical Railroad Infrastructure Need to Serve Businesses in Missouri Opportunity Zone

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 the Southeast Missouri Regional Port Authority of Scott City, Missouri, to make infrastructure improvements. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $382,000 in local…

CDFI Fund: Public Comments Sought on Uses of Award Report Form for BEA Program, CDFI Program and NACA Program Award Recipients

The U.S. 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 information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community…

CDFI Fund: Public Comments Sought on FY 2020-2022 Bank Enterprise Award Program Application

The U.S. 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 (PRA) of 1995, 44 U.S.C. 3506(c)(2)(A). Currently, the Community Development…

HUD: Nearly $43 Million in Housing Counseling Grants Awarded

Funding intended to help families find and keep their homes The U.S. Department of Housing and Urban Development (HUD) today awarded $42.8 million in housing counseling grants to help approximately one million Americans make more informed housing choices, keep their current homes, or receive assistance to help them avoid foreclosure. Nearly half of the state…

EDA: $48 Million Invested to Support Natural Disaster Recovery and Resiliency Efforts in Texas

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $48 million in the state of Texas to help it prepare for natural disasters and promote economic resiliency and business growth. The EDA grants, some of which are to be located in Tax Cuts and Jobs Act designated Opportunity Zone, are…

EDA: $28.6 Million Invested to Support Growth of the Medical Sector in the U.S. Virgin Islands Following 2017 Hurricanes

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $28.6 million in the University of the Virgin Islands, Charlotte Amalie, to support efforts to diversify and strengthen the resiliency of the Island economy by helping to grow the medical sector. The two grants, to be located in…

EDA: $7.3 Million Invested in Infrastructure and Workforce Training Efforts in California Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $7.3 million in the state of California to help build and repair critical infrastructure and advance workforce training efforts. The grants, to be located in or to serve Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $1…