Investment

EDA: $1.9 Million Invested for Water Infrastructure Improvements Needed to Boost Manufacturing and Create New Jobs in Eastern Kentucky

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to the Pike County Fiscal Court, Pikeville, Kentucky, to construct water and sewer infrastructure at Wolfpit Industrial Park to support the growth of Eastern Kentucky’s manufacturing sector. This EDA grant, to be matched…

EDA: $1.4 Million Invested to Advance the Nuclear Technology Industry in the Southeastern United Stated

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to E4 Carolinas, Inc., Charlotte, North Carolina, to support a research and planning project designed to promote the nuclear technology industry and its economic benefits in South Carolina and throughout the Southeast. The…

EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Business Expansion and Growth in Cleveland, MS

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the city of Cleveland, Mississippi, to construct critical water infrastructure needed to accommodate the expansion of a major healthcare manufacturing company and support future business needs. This EDA…

EDA: $1.2 Million in CARES Act Recovery Assistance to Support Entrepreneurs and Increase Economic Resilience in Athens, OH

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to Ohio University, Athens, Ohio, to provide technical assistance for biotech entrepreneurs and modify lab space at its Innovation Center. This EDA grant, to be matched with $304,225 in…

EDA: $960,000 in CARES Act Recovery Assistance Invested to Boost Broadbank Capacity in Western Maryland

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 CARES Act Recovery Assistance grant to the Board of County Commissioners of Garrett County, Oakland, Maryland, to increase access to affordable, reliable, and abundant internet service in western Maryland. This EDA grant, to be matched with $240,000 in state and local…

EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance to Small and Disadvantaged Businesses in Alabama

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., Birmingham, Alabama, to provide coronavirus recovery and resiliency technical assistance to small and historically disadvantaged minority and women-owned businesses throughout the state. This EDA grant will be matched with $187,500 in…

EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance and Enhance Lending to Small Businesses in Metro Atlanta Area, GA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., New York, New York, to provide training and affordable capital to small businesses impacted by the coronavirus pandemic in the Metro Atlanta area, Georgia. This EDA grant will be matched with…

HUD: $160 Million Awarded to Five Communities to Revitalize Housing, Invest in Neighborhoods

 U.S. Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Wednesday announced that five communities have received a combined $160 million to redevelop severely distressed housing and spur comprehensive revitalization under the federal Choice Neighborhoods Initiative. HUD has named Camden, New Jersey; Cleveland, Ohio; Detroit, Michigan; Fort Myers, Florida; and Lewiston, Maine as this…

CDFI Fund: Upcoming Deadline Reminder for FY 2021 Small Dollar Loan Program Applicants

As a reminder for fiscal year (FY) 2021 Small Dollar Loan Program (SDL Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s SDL Program funding round is May 28, 2021 at 11:59 PM ET.  Applicants must also have created an Awards Management Information System (AMIS) account and entered their EIN and…

HUD: $145 Million Funding Opportunity Announced to Address the Needs of Youth Experiencing Homelessness

The U.S. Department of Housing and Urban Development (HUD) is making $145 million in competitive funding available to build systems intended to end youth homelessness in local and rural communities through HUD’s Youth Homelessness Demonstration Program (YHDP). Competitive funding is available to up to 50 communities for implementation of youth specific innovative programs to address the…