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…
EDA: Investment Made to Help Bring Broadband Coverage to Cattaraugus Territory Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing to help the Seneca Nation of Indians plan for and install broadband fiber throughout the Cattaraugus Territory in western New York. This investment will support a Tax Cuts and Jobs Act designated Opportunity Zone. “President Trump is committed to helping…
EDA: Investment Made to Support Business Development at Blue Lake Rancheria in California
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in a business incubator that will facilitate $3.15 million in private investment and create at least 34 new jobs at Blue Lake Rancheria in California. “The Trump Administration is continuing to work diligently to help rebuild communities devastated…
CDFI Fund: FY 2019 Funding Round of BEA Program Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2019 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the publication of the FY 2019 Notice of Funds…
EDA: $1.6 Million Invested to Protect Manufacturers from Future Flood Events in Harrison, AK
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the city of Harrison, Arkansas, to limit the impact of future flood events on local manufacturing facilities by widening Goblin Drive. According to grantee estimates, the project is expected to create 150 jobs,…
EDA: $1.6 Million Invested to Support Critical Infrastructure Improvements in Brunson, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to Lowcountry Regional Water System in South Carolina, to help rehabilitate the Town of Brunson’s sewer system. The grant will be matched with $726,000 in local funds. “Antiquated infrastructure has stunted economic growth in…
EDA: Investment Made to Help Protect Businesses from Flooding in Lake City, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in critical water infrastructure upgrades needed to protect local businesses from future flood events in Lake City, South Carolina, an investment which will be matched with $449,632 in local funds. This investment will support a Tax Cuts and…
EDA: Investment Made to Help the Native Village of Napaimute Boost Commercial Activity in the Wood Products Sector
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing to help the Native Village of Napaimute, Alaska, acquire vital equipment needed to spur economic growth in the wood products sector. “Supporting locally-devised strategies to boost economic opportunity is a major focus of the Trump Administration,” said U.S. Assistant Secretary…