Investment

EDA: $708,640 Invested for Water and Road Improvements to Support Business Expansion in Johnstown, PA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $708,640 grant to the Cambria Somerset Authority, Johnstown, Pennsylvania, for water infrastructure and roadway repairs. This project will support local job recruitment and retention efforts by providing the critical infrastructure the local business community needs to stabilize and grow following the failure…

EDA: $559,944 Invested to Support Workforce Development Efforts in Tillamook County, OR

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $559,944 grant to Tillamook Bay Community College (TBCC), Tillamook, Oregon, to boost workforce development efforts in Tillamook County. This project will support the remodeling and updating of an existing TBCC facility to allow expanded enrollment in industrial technology skills training programs. This…

EDA: $500,000 Invested to Support Tech-Based Entrepreneurs in Baton Rouge, LA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Research Park Corporation dba Nexus Louisiana, Baton Rouge, Louisiana, to spur tech-based entrepreneurial growth. This EDA investment will allow Nexus Louisiana to increase planning, outreach, and training assistance to tech-based startups through its Ignition Accelerator and Venture Capital Assistance…

EDA: Over $25 in American Rescue Plan Funds Invested

In the last week, the following grants were made under the American Rescue Plan Funds program of the CARES Act Recovery Assistance program: May 24, 2022 – U.S. Department of Commerce Invests $6 Million in American Rescue Plan Funds for Boardwalk Improvements to Support Tourism in Atlantic City, New Jersey May 24, 2022 – U.S. Department of…

EDA: Over $50 Million in American Rescue Plan and CARES Act Recovery Assistance Invested

In the last week, the following grants were made under the American Rescue Plan Funds program of the CARES Act Recovery Assistance program: May 19, 2022 – U.S. Department of Commerce Invests $4 Million in American Rescue Plan Funds to Support University-led Healthcare Workforce Training Efforts in Alaska May 17, 2022 – U.S. Department of Commerce Invests…

HUD: $10.3 Billion in Grants Announced for Housing and Community Development Activities Across U.S.

Funding Will Enable Affordable Housing Development and Other Activities to Meet Needs of Families and Communities The U.S. Department of Housing and Urban Development (HUD) today announced $10.3 billion in Fiscal Year 2022 formula grants to communities across the United States for housing and community development activities ranging from affordable housing development to public housing…

EDA: $4.2 Million Invested for Roadway Improvements to Support Business Development in Hampton County, SC

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.2 million grant to Hampton County, South Carolina, for roadway improvements. This project will support job creation through transportation infrastructure and food supply chain improvements. The EDA investment will be matched with $1 million in local…

EDA: $2.2 Million Invested for Construction of a Produce Processing and Distribution Facility in Lawrenceville, VA

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the Brunswick County Industrial Development Authority, Lawrenceville, Virginia, for construction of a produce processing and distribution facility. This project will create jobs in the local produce industry and promote long-term economic resilience….

EDA: $789,724 Invested to Expand an Entrepreneurial Training Program in Charleston, SC

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $789,724 grant to Lowcountry Local First, Charleston, South Carolina, to support their Good Growth Program. This project will support an initiative to expand the Good Enterprises entrepreneur training and support program. The project will be matched with $306,087 in state and local…

HUD: Over $1.4 Million in Housing Assistance Awarded for Foster Youth During National Foster Care Month

The U.S. Department of Housing and Urban Development (HUD) announced over $1.4 million in housing assistance through the Foster Youth to Independence (FYI) initiative for youth transitioning out of foster care who are experiencing or at risk of experiencing homelessness. May marks National Foster Care Month, a time to renew the commitment to ensuring all…