EDA: $2.8 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund and Support Small Business in Las Vegas, NV
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million CARES Act Recovery Assistance grant to the Nevada Business Opportunity Fund, Las Vegas, Nevada, to capitalize and administer a Revolving Loan Fund, providing gap financing to minority and other disadvantaged businesses in Clark County….
EDA: $1.7 Million Invested to Support High-Speed Internet Connectivity in Las Vegas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the city of Las Vegas, Nevada, to expand wireless connectivity to economically disadvantaged neighborhoods. This EDA project, to be matched with $531,729 in local funds, is expected to create 300 jobs. “President…
HUD: House America Initiative Launched to Address Homelessness Crisis
House America leverages American Rescue Plan and other federal resources to immediately re-house and build additional housing for people experiencing homelessness U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge, who serves as chair of the U.S. Interagency Council on Homelessness (USICH), today joined Biden-Harris Administration officials, Cabinet members, and elected officials to…
SBA: $5.4 Million in Prizes Announced to Nearly 100 Awardees to Support Inclusive Entrepreneurship in the Innovation Ecosystem
Today, U.S. Small Business Administration Administrator Isabella Casillas Guzman announced 84 winners for the Growth Accelerator Fund Competition (GAFC) and eight winners for the Small Business Innovation Research (SBIR) Catalyst competition, a new component aimed at spurring investment in underrepresented communities within the innovation economy at scale, receiving a combined total of $5.4 million in awards. This important…
HUD: Availabilty of More Than $180 Million in COVID-19 Supplemental Funding for Multifamily Property Owners Participating in Assisted Housing Programs Announced
New application period allows owners of multifamily housing for low-income elderly, persons with disabilities, and Section 8 contracts to apply for funds to cover costs to prevent and respond to COVID-19 The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Thursday that it is opening a new application period for…
HUD: Upcoming HUD-Held Single Family Note Sale Emphasizes Nonprofit Participation
Competitive bid sale provides priority bidding to nonprofit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-1) on November 10, 2021. The sale will include approximately 1,730 reverse mortgage…
EDA: $16 Million Invested to Construct a Disaster Preparedness, Recovery Education, and Training Center in San Juan, Puerto Rico
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $16 million grant to Ecoexploratorio, Inc., San Juan, Puerto Rico, to construct a disaster preparedness, recovery education, and training center and ensure continuity of operations during natural disasters. This EDA grant will be matched with $4…
EDA: $5.1 Million Invested for Infrastructure Improvements at the Port of Hueneme, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.1 million grant to the Oxnard Harbor District, Port Hueneme, California, for infrastructure improvements needed to maximize utilization of the facility. This EDA project, to be matched with $1.3 million in local funds, is expected to…
EDA: $2.8 Million Invested to Expand Broadband Access in Paso Robles, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to the city of Paso Robles, California, to install fiber optic cable to expand broadband access and increase reliability. This EDA project will be matched with $707,489 in local funds. “President Biden is…
EDA: $2.4 Million Invested to Support Roadway Infrastructure in Fairfield and Cleburne to Boost Business Growth in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $2.4 million in the state of Texas to make critical roadway improvements needed to support current and future business needs. “President Biden is committed to ensuring that the United States once again leads the world across the…