EDA: $3.3 Million Invested to Rebuild Aiport Hanger Buildings Damaged by Hurricanes Near Opportunity Zone in Cateret County, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a nearly $3.3 million grant to the Carteret County-Beaufort Airport Authority, Beaufort, North Carolina, to rebuild airport hangar buildings damaged and destroyed by Hurricanes Florence and Dorian. The EDA grant, to be located near a Tax Cuts and Jobs…
EDA: $1.5 Million Invested to Modernize Shipyard Service Facility in American Samoa Opportunity Zone
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 the American Samoa Shipyard Services Authority, Pago Pago, American Samoa, to support the acquisition of equipment, machinery, and tools needed to modernize the Shipyard Service Facility located in a Tax Cuts and Jobs Act Opportunity…
EDA: Over $100 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: July 17, 2020 – U.S. Department of Commerce Invests $8.4 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small…
CDFI Fund: New CDFI FA, NMTC AMIS Compliance and Reporting Forms Available in August
Late TLR Submitters have until July 31st to Submit using Current TLR Template The Community Development Financial Institutions Fund (CDFI Fund) is deploying new Transaction Level Report (TLR) templates for use by Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Financial Assistance (FA) and New Markets Tax Credit Program…
CDFI Fund: More Than $3.5 Billion in New Markets Tax Credits Announced
Awards will spur economic and community development nationwide. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit…
CDFI Fund: Application Demand for FY 2020 Round of BEA Program Released
Over $469 Million in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2020 round of its Bank Enterprise Award Program (BEA Program). A total of 144 applications were…
EDA: $30 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $400,000 to help 13-county region in South Central Tennessee $400,000 to help Panhandle Region in Texas $400,000 to help New River Valley…
EDA: Over $21 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $4.4 million to help West Virginia $400,000 to help the Eastern Panhandle Region of Virginia $400,000 to help 10-county Southwestern Pennsylvania Region…
EDA: $1 Million Awarded for R2 Network Challange and Team Selected to Build Network for Innovation in Disaster Response & Resiliency Technology
The team selected to build the R2 Network is a public-private partnership of entrepreneurs, early stage investors, local government and public safety stakeholders Today, three U.S. Department of Commerce agencies, the Economic Development Administration (EDA), the National Institute of Standards and Technology (NIST) and the First Responder Network Authority (FirstNet Authority), announced the awardee of…
HUD: Over $40 Million Awarded to Fight Housing Discrimination
Grants to support and promote fair housing nationwide The U.S. Department of Housing and Urban Development (HUD) today awarded $40.8 million to support dozens of fair housing organizations working to help end housing discrimination (see grant chart below for full list of recipients). These funds are provided through the Department’s Fair Housing Initiatives Program (FHIP) both to…