FDIC: First FDIC Chief Innovation Officer Appointed
Sultan Meghji to spearhead agency’s tech lab and financial innovation efforts The Federal Deposit Insurance Corporation (FDIC) today named Sultan Meghji as the agency’s first Chief Innovation Officer, charged with leading the FDIC’s efforts to promote the adoption of innovative technologies across the financial services sector. “As a recognized expert in financial technology, Sultan brings…
EDA: $13.2 Million Invested to Boost Northern Marianas College’s Capacity to Support Business and Job Growth
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $13.2 million grant to Northern Marianas College (NMC), Saipan, Commonwealth of the Northern Mariana Islands, to increase the college’s capacity to support regional economic development. This EDA grant is expected to help create 272 jobs and generate $13.5 million in private investment….
EDA: $10.2 Million in CARES Act Recovery Assistance Invested to Support Economic Growth and Resiliency Efforts in Texas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $10.2 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “EDA is committed to helping communities across Texas fight economic hardships brought on by COVID-19,” said Dennis Alvord, Acting Assistant Secretary of…
EDA: $8.6 Million Invested to Boost the University of Guam’s Capacity to Support Economic Growth
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $8.6 million grant to the University of Guam, Mangilao, Guam, to increase the university’s capacity to support regional economic development. The EDA grant, to be matched with $1.7 million in local investment, is expected to create 243 jobs. “The damage caused by…
EDA: $5 Million Invested to Make Water System Improvements in Reno, NV
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $5 million grant to the city of Reno, Nevada, to make water infrastructure improvements needed to support regional business and job growth. This EDA grant, to be matched with $9.8 million in local investment, is expected to create 144 jobs and generate…
EDA: $4.2 Million in CARES Act Recovery Assistance Invested to Support Pandemic Response and Resiliency Efforts in Louisiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $4.2 million in CARES Act Recovery Assistance grants to help the state of Louisiana prevent, prepare for, and respond to coronavirus. “EDA is committed to helping communities across Louisiana fight economic hardships brought on by COVID-19,” said Dennis Alvord, Acting Assistant Secretary of…
EDA: $3.1 Million Invested to Protect Businesses from Flooding in Lumberton, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the city of Lumberton, North Carolina, to fund construction of a permanent floodgate system to prevent flooding to area businesses. The EDA grant, to be matched with $1 million in local investment, is expected to create 90 jobs,…
EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Aid Reopening of Tourism Economy in St. Louis, MO
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2.5 Million CARES Act Recovery Assistance grant to the St. Louis Regional Convention and Visitors Commission, St. Louis, Missouri, to aid in the re-opening of the region’s tourism economy. This EDA grant, to be matched with $250,000 in local investment, is expected…
EDA: $2.24 Million in CARES Act Recovery Assistance Invested to Support Economic Growth and Resiliency Efforts in New Mexico
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $2.24 in CARES Act Recovery Assistance grants to help the state of New Mexico prevent, prepare for, and respond to coronavirus. “EDA is committed to helping communities across New Mexico fight economic hardships brought on by COVID-19,” said Dennis Alvord, Acting Assistant Secretary…
EDA: $2 Million Invested to Support Business Growth in DeKalb, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of DeKalb, Texas, to design and construct water and sewer improvements needed to spur business growth in the city, including at the Dekalb Industrial Foundation’s 36-acre industrial site. The EDA grant will be matched with $560,000…