Investment

EDA: $1 Million Invested to Capitalize Revolving Loan Fund to Support Small Businesses in Northeast Ohio

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to Valley Economic Development Partners, Youngstown, Ohio, to capitalize and administer a Revolving Loan Fund that will serve small businesses in Mahoning and Trumbull counties, a region impacted by fluctuations in the energy economy. This…

EDA: $500,000 Invested to Boost Advanced Manufacturing Training Opportunities and Jobs in North Central Indiana

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Ivy Tech Community College, Kokomo, Indiana, to help establish the Center of Excellence in Advanced Manufacturing. This project will provide autonomous robots and other equipment needed to help the Center prepare trainees for in-demand positions at regional manufacturing firms….

ABA: Foundation Accepting Donations to Support Mississippi Tornado Relief Efforts; ABA to Contribute $50K

At the request of the Mississippi Bankers Association, the ABA Foundation will activate its online disaster relief fundraising platform to support relief efforts in the state after the severe storms  The American Bankers Association Foundation today announced it will start collecting tax-exempt contributions through its Disaster Relief Program to help aid relief efforts in Mississippi after a…

HUD: $5.5 Million Awarded to HBCUs to Conduct Housing and Community Development Research

Funding a part of HUD efforts to diversify housing research Today, the U.S. Department of Housing and Urban Development (HUD) announced awards totaling $5.5 million for Historically Black Colleges and Universities (HBCUs) to Texas Southern University and North Carolina A&T University to establish or bolster existing Centers of Excellence (COE) that conduct housing and community…

HUD: $2.8 Billion in Annual Funding Announced to Help People Experiencing Homelessness

To help individuals and families experiencing homelessness move into permanent housing, the U.S. Department of Housing and Urban Development (HUD) today announced $2.8 billion in Continuum of Care (CoC) Competition Awards for thousands of local homeless service and housing programs across the United States. The awards, previewed by HUD Secretary Marcia L. Fudge at the…

EDA: U.S. Department of Commerce Funds Eight Communities of Practice to Bolster Economic Competitiveness and Resiliency

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) had completed awarding $27.9 million in cooperative agreements to establish eight economic development Communities of Practice. Communities of practice are designed to connect participants to capture and disseminate practical knowledge. Each Community of Practice supported through these EDA awards will…

HUD: Additional $3.4 Million in American Rescue Plan Funds Available for the Fair Housing Initiatives Program

Agencies can apply to grants opportunities to fight housing discrimination related to the COVID-19 Pandemic until May 11, 2023; Resources build on COVID-19 related loss mitigation efforts that kept nearly 2 million people in their homes during the COVID-19 National Emergency The U.S. Department of Housing and Urban Development (HUD) announced today that it is…

SBA: Small Business Investment Companies of the Year Announced

Companies and their managers to be formally recognized during National Small Business Week Awards Ceremony Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s 33 million small businesses, announced Stonehenge Community Impact Fund, L.P.  of Columbus, Ohio, and Balance Point Capital Partners, L.L.C. of Westport, CT…

FEMA: Updated Guide Released to Help Communities with Resilience Grants Process

FEMA released an updated and consolidated guidance to help grant applicants successfully navigate our mitigation grant programs to enhance climate resiliency. Following a multi-year effort and robust community engagement, FEMA updated the Hazard Mitigation Assistance Program and Policy Guide to reduce complexities and increase stakeholder accessibility to resilience grant programs. This is the first update to the guide…

HUD: $30 Million in Funding Available for Public Housing Agencies to Help Youth Aging Out of Foster Care

Agencies are encouraged to apply for funding The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $30 million to public housing authorities (PHAs) on a non-competitive basis through HUD’s Foster Youth to Independence (FYI) Initiative to provide housing assistance to young adults who are transitioning out of foster care…