HUD: 2019 HUD Secretary Design Award Winners Announced
South Carolina, California, Michigan & Illinois developments recognized as national models The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) today announced the winners of the 2019 HUD Secretary’s Housing and Community Design Awards. HUD and AIA selected winners in South Carolina, California, Michigan and Illinois based upon their overall…
ABA: Investment Made to Support Growth of the Manufacturing Sector in Ludlow, MA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3.1 million in the Town of Ludlow, Massachusetts, to help support of the growth of local manufacturing by improving Riverside Drive. The project, to be matched with $3.1 million in local funds, is located in a Tax Cuts…
EDA: Investment Made to Support the Growth of Manufacturing and Tech-based Businesses in Rapid City, SD Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3 million in the Rapid City Economic Development Foundation of Rapid City, South Dakota, to help build a new business incubator facility that will support the growth of sustainable manufacturing and technology-based businesses. The investment, to be located…
EDA: Investment Made in Opportunity Zone to Increase Agriculture and Livestock Training at Central Wyoming College
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3 million in Central Wyoming College of Riverton, Wyoming, to help build an agriculture-focused training facility. The investment, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $2.5 million in…
FDIC: Banker Feedback Helps Focus FDIC Efforts to Better Address Their Needs
Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech today before the Community Development…
OCC: Three New Members Appointed to Minority Depository Institutions Advisory Committee
The Office of the Comptroller of the Currency (OCC) today named three new members to its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC advises the OCC on steps it can take to ensure the continued health and viability of minority depository institutions and other issues of concern to these institutions. The new members are:…
EDA: $2.9 Million Invested to Provide Critical Infrastructure in Thomasville, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million grant for critical infrastructure needed to support a regional medical center and related business growth in Thomasville, Alabama. The project, to be matched with $724,000 in local funds, is expected to help create 65 jobs…
EDA: $1.45 Million Invested to Boost Industrial Growth in Beaverton, MI Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $1.45 million grant to the city of Beaverton, Michigan, to provide critical infrastructure needed to expand and improve the city’s industrial park. The project, to be matched with $263,880 in local funds, is expected to help create more…