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…
EDA: Investment Made to Support Small Business Growth in Disaster-Impacted Northern California
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing $800,000 to help establish a Revolving Loan Fund (RLF) in disaster-impacted Mendocino, California, which will be matched by $200,000 in local funds. The investment will attract $250,000 in private investment and create or save at least 20 jobs. “American communities…
HUD: Additional $15 Million Awarded to Fight Housing Discrimination
Grants to support and promote fair housing nationwide To help end housing discrimination, the U.S. Department of Housing and Urban Development (HUD) today awarded an additional $15 million to support dozens of fair housing organizations working to confront violations of the nation’s landmark Fair Housing Act (see grant chart below). HUD’s grants are provided through…
EDA: $2.2 Million Invested to Make Critical Infrastructure Upgrades in South Sioux City, NE
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the city of South Sioux City, Nebraska, to construct a 2.5 million-gallon water storage tank to be used by the expanding Roth Industrial Park. According to grantee estimates, the project is expected to…