Investment

EDA: $24.6 Million in American Rescue Plan Funds Invested in Communities Across the Nation

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding the following new grants funded by the American Rescue Plan. U.S. Department of Commerce Invests $1.6 Million in American Rescue Plan Funds to Support Small Businesses in Southwestern Oregon U.S. Department of Commerce Invests $500,000 in American…

SBA: Pilot Program Targeting Access to Capital for Underserved Entrepreneurs Expanded

Vice President Kamala Harris Unveils Improvements to SBA Community Advantage Pilot Program at White House Event with SBA Administrator Isabella Guzman, Extending it to 2024, Ending New Lender Moratorium, and Lifting Loan Caps Today, Vice President Kamala Harris and Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in…

EDA: $3 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Northwest and Central Oklahoma

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund to support small businesses in 23 counties. Through this grant, SWIFT will…

EDA: $1.7 Million in CARES Act Recovery Assistance Invested to Expand Broadband Service in the Manufacturing, Agricultural and Technology Industries in Rural Central Indiana

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million CARES Act Recovery Assistance grant to Northwest Central Indiana Community Partnerships, Inc., West Lafayette, Indiana, to expand broadband access in Central Indiana in support of the region’s manufacturing, agricultural and technology industries. This project…

HUD: $72 Million Announced for Funding Opportunity to Help Youth Experiencing Homelessness

Funding will support up to 25 communities in developing and implementing a coordinated community approach to preventing and ending youth homelessness. The U.S. Department of Housing and Urban Development (HUD) is making $72 million in Youth Homelessness Demonstration Program (YHDP) funding available to up to 25 communities nationwide. Funding will be utilized for developing and…

EDA: $4 Million in American Rescue Funds Invested to Support Recovery of the Arts Sector and Boost Tourism in Santa Cruz, CA

Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million American Rescue Plan Travel, Tourism and Outdoor Recreation program grant to the city of Santa Cruz, California, to develop a new arts and entertainment infrastructure and increase tourism to the region. This project will support…

EDA: $1.3 Million Invested to Grow Businesses and Create Jobs in Kings Mountain, NC

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Kings Mountain, North Carolina, for wastewater infrastructure improvements. This project will support existing commercial and industrial users as well as a new manufacturing facility under development, leading to business…

EDA: $512,000 in American Rescue Plan Funds Invested to Support Pandemic Response and Economic Resiliency in Cookeville, TN

Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $512,000 grant to the Upper Cumberland Development District, Cookeville, Tennessee, to fund two regional recovery coordinator positions. This grant is funded by the American Rescue Plan and EDA’s $300…

EDA: $2.36 Million in American Rescue Plan Funds Invested to Expand Healthcare Jobs in Pikeville, KY

Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.36 million grant to Pikeville Medical Center, Inc., Pikeville, Kentucky, for the provision of new equipment that will be used to meet patient demand…

HUD: $1.1 Million Loan Guarantee Announced for Berks County to Renovate Commercial Building, Expand Business

Loan guarantee will provide financing for the rehabilitation and renovation of a commercial property that will retain current jobs and create new employment opportunities. The U.S. Department of Housing and Urban Development (HUD) today announced a $1,100,000 loan guarantee to Berks County, Pennsylvania to assist the Berks County Nonprofit Development Corporation (BCNDC) with the financing…