OCC: New Publication Discusses the Importance of Bank Financing for Rural Broadband Initiatives
The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Expanding Internet Access: Bank Financing for Rural Broadband Initiatives.” This edition of Community Developments Investments discusses the important role national banks and federal savings associations can play in helping rural communities gain reliable, high-speed internet…
EDA: $10 Million Invested to Improve Port Infrastructure and Support Disaster Recovery Efforts in Texas
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $10 million in grants to the state of Texas to enhance critical port infrastructure to support business development and disaster resiliency following Hurricane Harvey. According to grantee estimates, the projects are expected to create and retain over 15,000…
EDA: $7.1 Million Invested to Improve Disaster Resilience at the Big Pasco Industrial Center in Pasco, WA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.1 million grant to the Port of Pasco in Pasco, Washington, to make roadway and storm water management improvements needed to support the continuous operation of the Big Pasco Industrial Center. According to grantee estimates, the project…
EDA: $820,000 Invested to Provide Critical Infrastructure Need to Support Manufacturing Growth in Carrollton, KY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $820,000 grant to the City of Carrollton to provide infrastructure improvements needed to support manufacturing and other business growth. According to grantee estimates, the project is expected to create 121 jobs and spur $268 million in private investment. “We commend the City…
EDA: $4.8 Million Invested to Provide Critical Infrastructure in Pennsylvania
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $4.8 million in grants to the Commonwealth of Pennsylvania to help provide the critical infrastructure necessary to support business development. “Dilapidated infrastructure has shackled the economic growth of countless communities across the country,” said Secretary of Commerce Wilbur…
EDA: $1.7 Million Invested to Support Industrial Growth in Missouri
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the City of Potosi, Missouri, to upgrade the community’s natural gas line. According to grantee estimates, the project is expected to create or retain more than 60 jobs and generate more than $10…
EDA: $1.5 Million Invested to Support Infrastructure Needs in Mississippi
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 Corinth, Mississippi, to make the infrastructure improvements necessary to serve businesses at the Northeast Mississippi Waterfront Industrial Park. According to grantee estimates, the project is expected to create 250 jobs and generate $158…
EDA: $1.15 Million Invested to Support Infrastructure Projects that Will Create or Retain Over 400 Jobs in Jackson KY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.15 million grant to the City of Jackson to extend water and sewer service to a medical and business development site. According to grantee estimates, the project is expected to create 43 jobs and retain 391 jobs.“The…
EDA: $3 Million Invested in Texas to Support Business and Infrastructure Development
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $3 million in grants to the State of Texas to support infrastructure projects and fuel further business growth. According to grantee estimates, these projects are expected to create and retain 900 jobs, while generating $23 million in private…
EDA: $1.2 Million Invested for Infrastructure Improvements in Port Lavaca, TX
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 Port Lavaca, Texas, to make infrastructure improvements needed to support businesses at the Harbor of Refuge, which was damaged by Hurricane Harvey. According to grantee estimates, the project is expected…