EDA: $6.7 Million Invested to Expand Technology Park in San Luis Obispo, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6.7 million grant to the Cal Poly Corporation, in San Luis Obispo, California, to construct a facility to expand the Cal Poly Technology Park. The EDA grant, to be matched with more than $4 million in local…
EDA: $4.4 Million Invested to Support Workforce Training in Bennettsville, SC
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to Northeastern Technical College of Cheraw, South Carolina, to establish a new workforce training center. The EDA grant, to be matched with more than $1.1 million in local investment, is expected to create more…
EDA: $869,000 Invested to Support Tribal Disaster Recovery Efforts in Wisconsin
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $869,000 grant to the Red Cliff Band of Lake Superior Chippewa Indians, Bayfield, Wisconsin, to hire an Economic Development Recovery Coordinator, who will implement strategies to diversify the local economy and foster sustained economic resilience in the face of recurring natural disasters….
EDA: $1.95 Million Invested to Make Critical Wastewater Infrastructure Improvements in Phenix City, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.95 million grant to the city of Phenix City, Alabama, to upgrade the city’s only wastewater treatment plant to accommodate new and expanding businesses. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone,…
EDA: $992,576 Invested to Make Critical Infrastructure Upgrades in Seaboard, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $992,576 grant to the town of Seaboard, North Carolina, to make critical infrastructure improvements needed to support existing businesses, including a major lumber manufacturing facility, and to attract new businesses. This EDA grant, to be matched with $248,144 in local investment, is…
EDA: $2.5 Million Invested to Establish New Business Incubator in Valdosta, GA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the Valdosta and Lowndes Chamber of Commerce in Valdosta, Georgia to fund the construction of a new business incubator. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will…
EDA: $1.1 Million Invested to Provide Critical Infrastructure to Support Disaster Resiliency in Jasper County, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Jasper County, South Carolina, to provide critical road and stormwater infrastructure improvements to a major highway evacuation route. The EDA grant will be matched with $750,000 in local funds. “President Trump is committed…
EDA: $2 Million Invested to Enhance Health Sciences Sector in Kinston, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Lenoir Community College in Kinston, North Carolina, to support the renovation of the college’s Lloyd Health Science Building. The EDA grant, to be matched with more than $5 million in state funding and…
CDFI Fund: Bond Guarantee Program Application Period Opens for FY 2020
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in guarantee authority is available to Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2020. Through the CDFI Bond…
EDA: $1.5 Million Invested to Boost Entrepreneurial Development Efforts in Disaster-Impacted Fargo, ND
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 North Dakota State University (NDSU) Research & Technology Park in Fargo, North Dakota, to advance entrepreneurial development efforts. The EDA grant will help NDSU purchase equipment for a newly retrofitted makerspace that…