EDA: $4.4 Million Invested to Provide Critical Water Infrastructure and Business Development in East Palo Alto, CA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to the city of East Palo Alto, California, to make critical stormwater infrastructure improvements to prevent future flooding in the Ravenswood Redevelopment Area. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity…
SBA: Grants Awarded to 24 Organizations to Support Small Business Innovation and R&D Commercialization
The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019 under its Federal and State Technology (FAST) Partnership Program. FAST’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and increase participation for women-owned, rural-based, and…
HUD: $6 Million Awarded to Provide Technical Assistance to Distressed Communities
LISC to help smaller communities experiencing economic distress, recovering from disaster The U.S. Department of Housing and Urban Development (HUD) today announced that it is awarding $6 million to the Local Initiatives Support Corporation (LISC) to provide critically needed technical assistance to distressed communities with populations under 40,000, including those located in Opportunity Zones and…
HUD: FHA to Promote Greater Residential and Commercial Development in Opportunity Zones
To stimulate greater multifamily residential and commercial development in Opportunity Zones, U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal Housing Administration (FHA) will insure mortgages on mixed-use development under the agency’s Section 220 Program in thousands of lower income communities across the country. In a speech before an Opportunity Zone…
EDA: $700,000 Invested Made for Critical Infrastructure Improvements in Laguna Vista, TX Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,000 grant to Laguna Madre Water District of Laguna Vista, Texas, to help attract new businesses to the region by increasing the capacity of the city’s existing wastewater system. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will…
EDA: $362,898 Invested to Support Electrical Grid Enhancements and Whether Forecasting Resiliency Project in St. Johnsbury, VT Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $362,898 grant to the Fairbanks Museum and Planetarium in St. Johnsbury, Vermont. The funding will implement their Electrical Grid Enhancements and Weather Forecasting Resiliency project, which will make infrastructure improvements needed to enhance regional public safety, add capacity to the regional Green…
EDA: $440,000 Invested to Improve Critical Infrastructure in Brattleboro, VT Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $440,000 grant to the Town of Brattleboro, Vermont, to make critical water infrastructure improvements needed to support commercial development. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $320,000 in local funds and is expected…
EDA: Investment Made to Help Build New Technical Educational Building in Estill County, KY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the Estill County Board of Education in Irvine, Kentucky, to help build an Area Technology Center (ATC) educational building. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
EDA: Investment Made to Help Establish Welding Technology Training Facility in Tallahassee, FL Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to Tallahassee Community College of Tallahassee, Florida, to help establish the Welding Technologies Laboratory at the Kim B. Williams Advanced Manufacturing Training Center. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity…
EDA: Investment in Hurricane Harvey Disaster Recovery Made in Anahuac, 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 the city of Anahuac, Texas, to protect businesses from future floods by rebuilding a wastewater treatment plant that was severely damaged by Hurricane Harvey in 2017. The investment, to be located in a Tax…