EDA: Investment Made to Develop Natural Disaster Resilient Renewable Energy System in Puerto Rico Opportunity Zone
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.1 million grant to Fundación Comunitaria de Puerto Rico, San Juan, Puerto Rico, to install a 100 percent renewable energy system to support businesses in the municipality of Culebra, Puerto Rico. The project, to be located in…
EDA: Investment Made to Improve Hardeeville Commerce Park in South Carolina Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.86 million grant to the city of Hardeeville, South Carolina, to make infrastructure improvements to the Hardeeville Commerce Park to increase extreme weather resiliency in the future. The project, to be located in a Tax Cuts and Jobs…
CDFI Fund: FY 2019 Capital Magnet Fund Funding Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2019 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities,…
EDA: Investment Made to Help Establish Industrial Park in Opportunity Zone in Berryville, AR
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 city of Berryville, Arkansas, to provide critical infrastructure needed to establish a 160-acre industrial park. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $401,100…
EDA: $1.7 Million Invested to Improve Lamar Boulevard in Hattiesburg, MS
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 Hattiesburg, Mississippi, to rehabilitate and improve Lamar Boulevard so that it better drains in the event of potential flood events and can support increased commercial traffic volume. The investment, to…
EDA: Investment Made to Boost Business and Export Opportunities in George County, MS
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to the George County Board of Supervisors, Lucedale, Mississippi, to make critical infrastructure improvements to the George County Industrial Park. The improved industrial site will accommodate local business needs, including the development of a…
EDA: $1.3 Million Invested to Help Establish Unmanned Aviation System Facility at Houma-Terrebone Airport, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the Houma-Terrebonne Airport Commission of Houma, Louisiana, to make infrastructure improvements needed to establish an Unmanned Aviation System (UAS) facility at the Houma-Terrebonne Airport. The project, to be matched with $337,500 in local…
EDA: Investment Made to Support Economic Resilience Initiatives in Greater New Orleans, LA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $950,000 grant to Greater New Orleans Inc., (GNO, Inc.) of New Orleans, Louisiana, to support local disaster resiliency efforts by expanding strategic alliances between industry partners, economic development organizations and schools of higher education through the organization’s signature GNOu program. The EDA…
HUD: $63 Million Awarded to Support Affordable Housing and Community Development in 85 Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today awarded $63 million to 85 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects that generate local job opportunities. HUD’s Indian Community Development Block Grant (ICDBG) Program supports a wide range of community development and affordable…
EDA: U.S. Economic Development Prioritizes Applications for Projects Located in Opportunity Zones
Today, U.S. Assistant Secretary of Commerce for Economic Development Dr. John C. Fleming announced that the U.S. Economic Development Administration (EDA) is adding Opportunity Zones as an Investment Priority. This new Investment Priority will significantly increase the number of catalytic Opportunity Zone-related projects that EDA can fund to spur greater public investment in these areas. “Opportunity…