EDA: $646,559 Invested to Make Critical Water Infrastructure Improvements in Somerset, MA Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $646,559 grant to the town of Somerset, Massachusetts, to make water infrastructure improvements needed to support future business growth. The EDA grant project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $646,559 in local funds and…
EDA: $2.5 Million Invested to Boost Business and Export Opportunities in Granite City, IL Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to America’s Central Port District, formerly known as Tri-City Regional Port District, Granite City, Illinois, to make storage-based infrastructure improvements needed to increase the Port’s capacity to handle freight and boost export opportunities. The…
EDA: $2.3 Million Invested to Protect Businesses from Flooding in Mauoketa, IA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the city of Maquoketa, Iowa, to make stormwater infrastructure improvements needed to protect the city’s industrial parks and commercial areas from future floods. The EDA grant, to be located in a Tax Cuts and…
EDA: $1.5 Million Invested to Build Infrastructure Needed to Support Business Growth Near Opportunity Zone in Hermiston, OR
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 Hermiston, Oregon, to build water, sewer, and road infrastructure needed to create ‘shovel-ready’ industrial parcels for development within the South Hermiston Industrial Park. The EDA grant, to be located near…
EDA: $1.25 Million Invested to Improve Wastewater Infrastructure Near Opportunity Zone in Pulaski, VA
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 the Town of Pulaski, Virginia, to make wastewater infrastructure improvements needed to support growth of the region’s vital manufacturing sector. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone,…
EDA: $1.2 Million Invested to Construct Rail Spur to Serve Industrial Park in Corsicana, TX 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 the city of Corsicana, Texas, to construct an industrial rail spur to serve the Highway 31 Industrial Park. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be…
EDA: $1 Million Invested to Upgrade Infrastructure and Boost Business Development in Las Cruces, NM Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Regents of New Mexico State University, Las Cruces, New Mexico, to make critical infrastructure improvements at New Mexico State University’s Arrowhead Park. The EDA grant, to be located in a Tax Cuts and…
HUD: New Report Shows Opportunity Zones on Track to Lift One Million Americans Out of Poverty
Poverty rate to be reduced by 11% in Opportunity Zones through billions in investment and new job opportunities The White House Council of Economic Advisers (CEA) yesterday delivered a Progress Report on President Trump’s Opportunity Zones initiative to White House Opportunity and Revitalization Council Chairman Ben Carson, Secretary of the U.S. Department of Housing and Urban Development….
EDA: $3.5 Million Invested in Disaster Resilient Infrastructure to Boost Tech-based Economic Development in Ruston, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to the city of Ruston, Louisiana, to make disaster resilient infrastructure improvements needed to advance Ruston as a hub for technology-based economic development. The EDA grant, to be located in a Tax Cuts and Jobs…
EDA: $2.3 Million Invested to Establish Advanced Materials Innovation Center Near Rhode Island Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the University of Rhode Island Research Foundation, Kingston, Rhode Island, to establish the “401 Tech Bridge” advanced materials innovation center at two sites: the University of Rhode Island in Kingston for direct university…