CDFI Fund: Application Demand for 2019 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 206 applications under the 2019 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
HUD: New Incentive Package Announced for Purchase or Rehabilitation of Single Family Properties in Opportunity Zones
FHA policy announcement will encourage purchase and rehabilitation of homes in distressed neighborhoods U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced that the Federal Housing Administration (FHA) will offer a new incentive for borrowers interested in rehabilitating homes in Opportunity Zones. FHA is effectuating this through an expansion of its Limited…
EDA: Grant Awarded to Support Entrepreneurial Development in Utah
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $718,968 grant to Weber State University in Ogden, Utah, to help develop a new training program for the Ogden-Clearfield Launchpad entrepreneurship center (Center). The Center provides critical resources for early-stage entrepreneurs as they move through the startup life cycle. The EDA grant…
EDA: $382,000 Invested in Critical Railroad Infrastructure Need to Serve Businesses in Missouri Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the Southeast Missouri Regional Port Authority of Scott City, Missouri, to make infrastructure improvements. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $382,000 in local…
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…