EDA: $800,000 Invested to Establish Revolving Loan Fund to Support Business Recovery Near Opporunity Zone in South Dakota

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the South Eastern Development Foundation, Sioux Falls, South Dakota, to capitalize a Revolving Loan Fund (RLF) that will provide gap financing to businesses in a six-county region impacted by 2019 floods and storms. The […]

EDA: $500,000 Invested to Improve Critical Infrastructe in Exclesior Springs, MO Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant the city of Excelsior Springs, Missouri, to improve critical roadway and sewer infrastructure to accommodate new business development. The EDA grant project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched […]

EDA: $12.2 Million Invested to Constructe New Wastewater Treatment Facility near Opportunity Zone in South Sioux City, NE

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $12.2 million grant to South Sioux City, Nebraska, to construct a new wastewater treatment facility that will support business growth following severe flood damage in 2019. The EDA grant, to be located […]

HUD: White House Opportunity and Revitalization Council Delivers Report to President Trump

Report Outlines Best Practices and Features Examples of Community Revitalization Occurring Across the Nation in Opportunity Zones Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development and Chairman of the White House Opportunity and Revitalization Council (Council), delivered a report this month to President Donald J. Trump outlining […]

OCC: $800,000 Invested to Grow Revolving Loan Fund Serving Businesses in Tallahassee, FL Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Apalachee Regional Planning Council (ARPC) in Tallahassee, Florida, to support business recovery and resilience efforts in the wake of Hurricane Michael by capitalizing a second loan pool under the ARPC Revolving Loan Fund. […]

EDA: $800,000 Invested to Make Critical Infrastructure Improvements Needed in Oklahoma Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Garfield County Industrial Authority, Enid, Oklahoma, to support business expansion plans by improving the Garfield County Industrial Park. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be […]

EDA: $500,00 Invested to Develop Plan to Grow Disaster Resilient Economy in New Orleans, LA Opportunity Zones

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Northeastern University, Boston Massachusetts, to develop a resilience-based strategy for economic development for three Tax Cuts and Jobs ActOpportunity Zone located in East New Orleans, Louisiana. The strategy will serve as a footprint for leveraging private […]

EDA: $500,000 Invested to Support Growth of the Manufacturing and Construction Sectors Near Opportunity Zone in Albuquerque, NM

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to DreamSpring of Albuquerque, New Mexico, to support the rollout of its Expreso loan program, which will provide a new financial product to assist businesses in New Mexico and Texas. The EDA grant, to be […]

EDA: $4.8 Million Invested to Establish Small Business Center in North Carolina Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million grant to the town of Fair Bluff, North Carolina, to construct the Town of Fair Bluff Small Business Center. The EDA grant, to be located in a Tax Cuts and Jobs […]

EDA: $1.8 Million Invested to Improve Infrastructure in McCreary County, KY Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the McCreary County Water District of Whitley City, Kentucky, to upgrade existing sewer infrastructure to accommodate business growth, including the expansion of a local manufacturer. The EDA grant, […]