HUD: Historic North Carolina Hospital Earns 2020 HUD Secretary’s Award

The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) announced last week the Historic Ashe Hospital in Jefferson, North Carolina, was the recipient of the 2020 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation. This annual award recognizes developers, organizations, and agencies for […]

EDA: $2.6 Million Invested to Construct New Manufacturing Facility in Jackson County, FL

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to Jackson County, Florida, to construct a building at the Jackson County Industrial Park to support manufacturing growth and boost county economic diversification and resiliency efforts. The EDA grant, […]

HUD: Section 3 Rule Revision Finalized to Advance Economic Opportunity

New rule will advance economic opportunity through streamlined processes and a more targeted approach The U.S. Department of Housing and Urban Development (HUD) announced today the release of the final rule implementing the “Section 3” statute. Section 3 requires that recipients of certain HUD funds make economic opportunities available for low- and […]

EDA: $3 Million Invested to Boost Manufacturing Growth in Mission, TX

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Mission Economic Development Corporation, Mission, Texas, to make critical infrastructure improvements needed to advance economic growth in the Shary Village Industrial Park and improve the area’s resilience […]

EDA: $2 Million Invested to Establish Flex Lab One Building at Clemson University to Support Advanced Manufacturing in South Carolina

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to LICAR, LLC., Greenville, South Carolina, to construct the Clemson University Land Stewardship Foundation’s Flex Lab One Building on the Clemson University International Center for Automotive Research campus. The […]

EDA: U.S. Department of Commerce Kicks Off STEM Talent Challenge, Strengthening Regional Innovation Economies

Today, U.S. Secretary of Commerce Wilbur Ross announced the opening of the Economic Development Administration’s (EDA) STEM Talent Challenge, which aims to support organizations’ efforts to boost local science, technology, engineering, and math (STEM) talent and workforce development models across the nation’s growing innovation economies. The $2 million STEM Talent […]

HUD: New Report Shows Opportunity Zones on Track to Lift One Million Americans Out of Poverty

Poverty rate to be reduced by 11% in Opportunity Zones through billions in investment and new job opportunities The White House Council of Economic Advisers (CEA) yesterday delivered a Progress Report on President Trump’s Opportunity Zones initiative to White House Opportunity and Revitalization Council Chairman Ben Carson, Secretary of the U.S. Department […]

EDA: $3 Million Invested to Establish a New Manufacturing Industrial Park in Woodland, WA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Port of Woodland, Woodland, Washington, to support the full infrastructure buildout of the Rose Way Industrial Park to serve light-manufacturing industries in the region. The EDA grant, […]

EDA: $4.4 Million Invested in Tennessee to Support Local Stratgies or Job Growth in Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $4.4 million in the state of Tennessee to build critical infrastructure needed to support business growth. The EDA grants, to be matched with more than $2 million in other federal or local funds, […]

FDIC: Final Rule Issued Revising and Codifying Section 19 to Allow Greater Employment Opportunities for Individuals with Certain Minor Criminal Offenses

The Federal Deposit Insurance Corporation (FDIC) approved a final rule to revise and incorporate into the FDIC’s regulations a longstanding Statement of Policy (SOP) related to individuals with certain criminal offenses on their records who seek employment in the banking industry.  Section 19 of the Federal Deposit Insurance Act (Section […]