EDA: $3 Million Invested to Protect Seaport from Flooding Near Gloucester, MA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the city of Gloucester, Massachusetts, to make flood protection improvements needed to protect the city’s vital seaport. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
EDA: $1.7 Million Invested to Boost Capacity of the Port of Epes Industrial Park in Livingston, AL Opportunity Zone
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 University of West Alabama, Livingston, Alabama, to improve barge access at the Port of Epes Industrial Park. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be…
EDA: $615,448 Invested to Support Manufacturing and Industrial Growth in Gulf County, FL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $615,448 grant to Gulf County, Florida, to make critical, disaster resistant infrastructure improvements needed to support manufacturing and industrial growth at the Costin Airport site and along Cessna Drive in Port St. Joe. The EDA grant, to be matched with $153,862 in…
EDA: $399,804 in CARES Act Recovery Assistance Invested to Boost Capital Investment in Rural Utah Opportunity Zones
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $399,804 grant to the Sorenson Impact Center at the University of Utah and the Utah Association of Counties to create a rural Opportunity Zone and Recovery Playbook that will support local efforts to drive capital investment into Utah communities. This EDA grant,…
EDA: $2.8 Million Invested to Establish Business and Technology North Park in Weatherford, OK
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to the city of Weatherford and the Weatherford Industrial Trust, Weatherford, Oklahoma, to boost manufacturing, energy, industrial, and commercial development by establishing the Weatherford Business and Technology North Park. The EDA grant, to be…
EDA: $1.25 Million Invested to Make Infrastructure Improvements Near Ardmore, OK Opportunity Zone
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 Ardmore Development Authority, Ardmore, Oklahoma, to make water infrastructure upgrades needed to support business growth at the Ardmore Industrial AirPark. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity…
EDA: $7.8 Million Invested to Establish a Bioscience and Technology Incubator Facility in Lawrence, KS Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.8 million grant to the Bioscience & Technology Business Center at the University of Kansas in Lawrence, Kansas, to build a new facility to increase entrepreneurial and research opportunities in the bioscience and technology sector. The EDA…
Federal Reserve: Speech by Governor Brainard on Strengthening CRA Provisions Related to Minority Depository Institutions
I want to thank Kim Saunders and Kenneth Kelly for inviting me to join members of the National Bankers Association (NBA) for a conversation today.1 As mission-driven financial institutions with a focus on serving minority households and businesses, you see the significant racial disparities in our economy every day. Going into the crisis, Black and…
EDA: U.S. Department of Commerce Launches $25 Million SPRINT Challenge to Address Coronovirus Pandemic Through Entrepreneurship and Innovation
Today, U.S. Secretary of Commerce Wilbur Ross announced the opening of the Economic Development Administration’s (EDA) new Scaling Pandemic Resilience Through Innovation and Technology (SPRINT) Challenge, which will enable organizations across the country to address the economic, health, and safety risks caused by the coronavirus pandemic through entrepreneurship and innovation. The SPRINT Challenge is a…
EDA: $4.8 Million Invested to Protect Businesses from Flooding and Support Economic Growth in Moberly, MO Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million grant to the city of Moberly, Missouri, to make water and wastewater infrastructure improvements needed to support businesses growth. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched…