Opportunity Zones

HUD: White House Opportunity and Revitalization Council Introduces opportunity zones.gov

New website will serve as comprehensive tool for the Opportunity Zones initiative Today, Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the Opportunity Zones initiative. Visit the Opportunity Zones website. Opportunity…

EDA: $7.3 Million Invested in Infrastructure and Workforce Training Efforts in California Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $7.3 million in the state of California to help build and repair critical infrastructure and advance workforce training efforts. The grants, to be located in or to serve Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $1…

EDA: $5 Million Invested to Establish New Workforce Training Center in Houston, TX Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to SER-Jobs for Progress of the Texas Gulf Coast, Inc., Houston, Texas, to help establish a new workforce training center that will help develop skilled workers to support the growth of critical business sectors….

EDA: $3 Million Invested to Boost Workforce Training Opportunities in San Bernardino, CA Opportunity Zone

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 San Bernardino Community College District, San Bernardino, California, to modernize two existing buildings for a new workforce development facility. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone,…

EDA: $3 Million Invested to Establish Workforce Training Facility in Gray, KY Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to KCEOC Community Action Partnership, Inc., of Gray, Kentucky, to help develop a workforce training facility in Barbourville. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with…

EDA: $2 Million Invested to Provide Critical Roadway Infrastructure in Newton, TX Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Newton County, Texas, to rebuild a road critical to regional commerce that was damaged by Hurricane Harvey. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, is expected…

EDA: $1.4 Million Invested Help Establish Career Technology Center to Serve Fort Smith, AR Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $1.4 million grant to the city of Fort Smith, Arkansas, to help build the Fort Smith Public Schools Career Technology Center (CTC) for training in advanced manufacturing, health care, and information technology. The EDA grant, to be located…

EDA: $1.15 Million Invested to Provide Infrastructure to an Existing Industrial Park in Hot Springs, AR Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.15 million grant to the County of Hot Spring, Arkansas, to help improve an existing industrial park. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $770,000 in local…

HUD: FHA Promotes Development of Hospital and Health Care Facilities in Opportunity Zones

U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal Housing Administration (FHA) will offer several incentives to encourage greater development of hospitals and health care facilities located in Opportunity Zones. In a speech in Miami, Secretary Carson said FHA can be a key partner for developers looking to invest in Opportunity…

EDA: $33 Million Invested to Advance Disaster Recovery and Resiliency Efforts in Puerto Rico Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing nearly $33 million in Puerto Rico to advance economic resiliency and business growth efforts in the wake of the devastating 2017 hurricane season. The grants, to be located in Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with…