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…
EDA: $1.2 Million Invested to Stoke Post Disaster Business and Entrepreneurial Activity in Puerto Rico Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to Operation Hope, Inc., of Atlanta, Georgia, to provide up to 300 technical assistance workshops in the Commonwealth of Puerto Rico to help small businesses and entrepreneurs grow and succeed following Hurricanes Irma and…
HUD: Secretary Carson Applauds the SEC’s Efforts to Encourage Main Street Investment in Opportunity Zones
SEC is also explaining how state and federal laws apply to Opportunity Zone fundraising U.S. Housing and Urban Development (HUD) Secretary Ben Carson today applauded the Securities and Exchange Commission’s (SEC) recent efforts to encourage Main Street capital investment in Opportunity Zones. In addition to providing guidance about participating in Qualified Opportunity Fund offerings, the…
EDA: Investment Made to Develop Natural Disaster Resilient Renewable Energy System in Puerto Rico Opportunity Zone
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.1 million grant to Fundación Comunitaria de Puerto Rico, San Juan, Puerto Rico, to install a 100 percent renewable energy system to support businesses in the municipality of Culebra, Puerto Rico. The project, to be located in…
EDA: Investment Made to Improve Hardeeville Commerce Park in South Carolina Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.86 million grant to the city of Hardeeville, South Carolina, to make infrastructure improvements to the Hardeeville Commerce Park to increase extreme weather resiliency in the future. The project, to be located in a Tax Cuts and Jobs…
EDA: Investment Made to Help Establish Industrial Park in Opportunity Zone in Berryville, AR
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 city of Berryville, Arkansas, to provide critical infrastructure needed to establish a 160-acre industrial park. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $401,100…
EDA: U.S. Economic Development Prioritizes Applications for Projects Located in Opportunity Zones
Today, U.S. Assistant Secretary of Commerce for Economic Development Dr. John C. Fleming announced that the U.S. Economic Development Administration (EDA) is adding Opportunity Zones as an Investment Priority. This new Investment Priority will significantly increase the number of catalytic Opportunity Zone-related projects that EDA can fund to spur greater public investment in these areas. “Opportunity…