CDFI Fund: U.S. Treasury Awards $202.2 Million to Support Economic Growth in Low-Income Communities
Funds to Support Community Development Investments in Distressed Rural, Urban, and Native Communities The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 302 Community Development Financial Institutions (CDFIs) $202.2 million in awards today. The awards, through the fiscal year (FY) 2018 round of the Community Development Financial Institutions Program (CDFI…
EDA: $844,941 Invested to Support Business Development in Western Colorado
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $844,941 grant to the Telluride Foundation to boost business development efforts in western Colorado. According to grantee estimates, the project is expected to create or retain 23 jobs and spur $637,000 in private investment. “We commend the Telluride Foundation for supporting the…
EDA: $738,100 Invested to Support Manufacturing in Indiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $738,100 grant to the Flagship Enterprise Center of Anderson, Indiana, to expand the Flagship Manufacturing Center and provide a boon to businesses in the region. According to grantee estimates, the project is expected to create or retain more than 125 jobs and…
CDFI Fund: Treasury Guarantees $150 Million in CDFI Bond Funding
Since Inception, Over $1.5 Billion Guaranteed for Projects in Low-Income Communities U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the issuance of a $150 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee was issued to the Community Reinvestment Fund, USA (CRF) on behalf…
Interagency Statement: Reaffirming the Role of Bank Supervisory Guidance
Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency—confirms that supervisory guidance does not…
EDA: $750,000 Invested to Build a Business Incubator in Hinesville, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the City of Hinesville Development Authority of Hinesville, Georgia, to help construct a business incubator, supporting the community’s growth and development. “We commend the City of Hinesville for creating new opportunities for the community to grow and thrive,” said…
EDA: $616,758 Invested to Support Entrepreneurs and Small Businesses in Bedford County, PA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $616,758 grant to the Bedford County Chamber Foundation of Alum Bank, Pennsylvania, to renovate and repurpose a historic building to serve entrepreneurs, businesses, non-profits, and students from the region. According to grantee estimates, the project is expected to create 30 new jobs….
EDA: $500,000 Invested to Make Critical Infrastructure Improvements to Support Manufacturing in Tennessee
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to the Town of Huntland, Tennessee, to support construction of a municipal sewage system that will allow a local manufacturer to expand operations and will help to attract new businesses to the region. According to grantee estimates, the project is…
HUD: $12 Million Awarded to Assist Tribal Communities with Making Housing Safer
Funding to make low-income tribal housing safer and healthier WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $12 million in Healthy Homes Production grants to 13 Tribes and Tribal agencies to protect children and families from home health and safety hazards (see chart below). The grant funding announced…
EDA: $13 Million Invested to Support Manufacturers Damaged by Imports
Today, U.S. Secretary of Commerce Wilbur Ross announced $13 million in Economic Development Administration (EDA) grants will be issued to support 11 Trade Adjustment Assistance Centers (TAACs) that help American manufacturers hurt by imports adjust to increasing global competition. The TAACs are located in California, Colorado, Georgia, Illinois, Massachussetts, Michigan, Missouri, New York, Pennsylvania, Texas,…