EDA: $4.2 Million Invested to Help Fortify the West Calcasieu Port Facility in Sulphur, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.2 million grant to West Calcasieu Port in Sulphur, Louisiana, to make the facility and regional economy more resilient to natural disasters. The grant, to be matched with $1.1 million in local investment, is expected to help…
EDA: Investment Made to Support Manufacturing Growth in Greensburg, KY Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $640,000 grant to the city of Greensburg, Kentucky, to support the growth of manufacturing businesses by improving the Greensburg/Green County Industrial Park. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $812,000 in local funds…
CDFI Fund: U.S. Treasury Announces FY 2019 CDFI Program and NACA Program Technical Assistance Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 organizations more than $9.16 million in awards today. The fiscal year (FY) 2019 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow certified Community Development Financial Institutions (CDFIs) and…
EDA: $150,000 Invested to Advance Broadband Disaster Resiliency Efforts in Jasper, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the Deep East Texas Council of Governments, Jasper, Texas, to help complete an engineering plan needed to prepare for the development of rural broadband infrastructure critical. The EDA grant will be matched with $150,000 in local investment. “The Trump…
EDA: Investment Made to Support Entrepreneurial Growth in Russell, PA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $860,000 grant to the Pennsylvania Wilds Center for Entrepreneurship Inc., Russell, Pennsylvania, to assist in the creation of the Pennsylvania Wilds Maker Marketplace and virtual retail platform. The grant, to be matched with $277,500 in local investment, is expected to create 75…
EDA: Investment Made to Support Workforce Development at Midwest Energy Research Consortium in Milwaukee, WI
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $835,592 to the Midwest Energy Research Consortium (M-WERC) of Milwaukee, Wisconsin, to support the expansion of workforce development training services offered by the organization. The grant, to be matched with $835,592 in local investment, is expected to create 250 jobs. “President Trump is…
EDA: Investment Made to Support Development on Unmanned Aerial System Test Range in Pendleton, OR
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 Pendleton, Oregon, to make infrastructure improvements at Eastern Oregon Regional Airport needed for the development of an Unmanned Aerial Systems (UAS) test range. “President Trump is working diligently to improve…
CDFI Fund: $25 Million Awarded to Banks that Increased Investments in Severely Distressed Communities
Over Half Billion Dollars has now been awarded through the Bank Enterprise Awards Program Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced over $25.2 million in awards to 113 banks, through the fiscal year (FY) 2019 round of the Bank Enterprise Award Program (BEA Program), for increasing investments…
SBA: Funding Awarded to Organizations Delivering Entrepreneurship Training to Service-Disabled Veterans
The U.S. Small Business Administration this week announced $300,000 in grants has been awarded to four organizations offering entrepreneurship training to service-disabled veterans. The funding opportunity, offered by SBA’s Office of Veterans Business Development, supports each organization’s programs for service-disabled veterans planning to start a new business or expand and diversify existing small businesses. Each awardee was chosen…
EDA: $1.6 Million Invested to Support Business Development in Swainsboro, GA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Emanuel County Development Authority of Swainsboro, Georgia, to make critical water and sewer system improvements needed to support business growth. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone,…