EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support the Distribution and Logistics Sector in Central Indiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million CARES Act Recovery Assistance grant to the Indianapolis Airport Authority, Indianapolis, Indiana, to support the distribution and logistics sector in Central Indiana. This grant will build infrastructure to support supply chain needs by providing…
EDA: $3.4 Million in CARES Act Recovery Assistance Invested to Support Broadband Expansion in Northeast Minnesota
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million CARES Act Recovery Assistance grant to support broadband expansion in Northeast Minnesota. The pandemic shed light on the vital importance of broadband. This grant will allow Northeast Service Cooperative to meet the region’s explosive…
EDA: $2.6 Million in CARES Act Recovery Assistance Invested to Support Local Food Manufacturing in Detroit, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million CARES Act Recovery Assistance grant to the Detroit Brownfield Redevelopment Authority, Detroit, Michigan, to support local food manufacturing. This grant will support the city’s historic Eastern Market by providing the infrastructure needed to develop…
CDFI Fund: CY 2021 Round of New Markets Tax Credit Program Opened
$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is providing the NOAA on its website in anticipation…
CDFI Fund: New Markets Tax Credit Program Native Initiative Request for Proposal Issued
Today, the Community Development Financial Institutions Fund (CDFI Fund) released a Request for Proposal related to a procurement that is part of a broader effort to increase New Markets Tax Credit (NMTC) investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands, and Alaskan Native Village Statistical Areas (NMTC Native Areas). Industry and subject-matter…
EDA: Build Back Better Regional Challenge Applicants Announced Showing Incredible Enthusiasm for Transformational Investment in Regions Across the Country
529 Applications Received from Regions across all 50 States and Five Territories Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has experienced strong interest in its American Rescue Plan Build Back Better Regional Challenge, receiving 529 applications from regions across all 50 states and five territories. The $1 billion Build Back…
SBA: Community Navigator Pilot Program Grantees Announced
51 Grantees Selected Nationwide to Serve as Hubs Connecting Disadvantaged Small Businesses with Government Resources Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced grantees for the Biden-Harris Administration’s Community Navigator Pilot Program, an American Rescue Plan initiative designed to reduce barriers that all small businesses, including those owned by disadvantaged groups such as veterans, women, and those from rural communities and communities of color, often face in accessing critical support. The Community Navigator Pilot Program will provide $100 million in funding to 51 organizations that will work with hundreds of local groups to connect America’s entrepreneurs to government resources so they can recover…
EDA: $13.5 Million Announced to Support U.S. Manufacturers
Today, U.S. Secretary of Commerce Gina M. Raimondo announced $13.5 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois,…
EDA: $2 Million in American Rescue Plan Funds Invested to Diversify and Grow Morgantown, WV’s Economy
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding its first local investment as part of the Coal Communities Commitment to the Morgantown Utility Board in Morgantown, W.Va. The $2 million American Rescue Plan grant will help create 300 jobs and generate $250 million in private investment…
EDA: $3.7 Million Invested for Water Infrastructure Upgrades to Support Business in Winona, MS
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.7 million grant to the city of Winona, Mississippi, for the installation of a 250,000-gallon water tank, creating economic resiliency while facilitating job creation and retention. The EDA grant, to be matched with $1.2 million in…