Investment

EDA: $604,114 Invested to Spur Collaboration and Innovation and Create Jobs in the Life Sciences and Healthcare Industries in the Greater Washington Metropolitan Region

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $604,114 grant to Connected DMV, Arlington, Virginia, to develop the Life Sciences & Healthcare Quantum Innovation Hub, a 12-month pilot program to accelerate those industries in the in the Greater Washington, D.C. metropolitan region. This project will spur collaboration and innovation across…

EDA: $1.5 Million Invested for Water and Sewer System Upgrades in Support of Job Creation and Workforce Development in Franklin County, VA

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the town of Highgate/Village of Swanton, Highgate Center, Vermont, to support business and job growth efforts by extending water and sewer service from Swanton to the Franklin County Airport. This project will provide…

EDA: $3 Million Invested for Airport Upgrades in Support of Job Growth in Pittsburgh, PA

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Allegheny County Airport Authority, Pittsburgh, Pennsylvania, for construction of a warehouse, taxiway extensions, and utility upgrades at Pittsburgh International Airport. This project will support expansion of import and export operations at the…

EDA: $3 Million Invested to Boost Workforce Development Efforts in Clifton Forge, VA

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Mountain Gateway Community College Real Estate Foundation, Clifton Forge, Virginia, for renovation of a workforce development center to service a community impacted by the declining use of coal. This project will support…

EDA: $3.3 Million Invested for Business Park Infrastructure Improvements in Big Spring, TX

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.3 million grant to the city of Big Spring, Texas, for water and wastewater infrastructure improvements at the Crossroads Business Park. This project will provide the necessary utilities to support commercial and industrial business development and create…

EDA: $4.5 Million Invested for New Airport Hanger in Support of Job Growth in Presque Isle, ME

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.5 million grant to the city of Presque Isle, Maine, to construct a new research hangar, access road, and parking lot at Presque Isle International Airport. This project will support local job growth through the expansion of…

HUD: Nearly $1 Million Awarded to Keep Foster Youth Housed

17 Public Housing Agencies in 11 States Will Use Funding to Prevent Homelessness Among Youth Transitioning Out of Foster Care The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1 million to 17 Public Housing Agencies (PHAs) in 11 states to provide housing assistance to youth who are transitioning out of foster…

HUD: $1.4 Million Awarded for Research on Renter Outcomes During Disaster Recovery

The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of $1.4 million in funding for research on outcomes of renter households during various phases of disaster recovery. Two awardees, The Urban Institute and Horne, LLP, will receive the funds under the (FY2022) Notice of Funding Opportunity (NOFO). “Disasters often result in…

HUD: $9 Million Awarded to Provide Rental Assistance to Native American Veterans Experiencing Homelessness

The U.S. Department of Housing and Urban Development (HUD) today awarded 28 Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) renewal awards, totaling more than $9 million, to provide rental assistance and supportive services to Native American Veterans experiencing or at risk of homelessness. “HUD is committed to serving Native American Veterans by ensuring that they…

CDFI Fund: FY 2022 CDFI Equitable Recovery Program Applications Due by September 22nd

As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) Applicants, the deadline for online submission of the Application through the CDFI Fund’s Awards Management Information System (AMIS) is September 22, 2022 at 11:59 PM ET. To ensure a successful Application submission, the CDFI Fund encourages all FY 2022 CDFI ERP Applicants to…