EDA: $800,000 Invested to Establish a Business Incubator in the Town of Tabor City, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the town of Tabor City, North Carolina, to renovate a historic building for use as a business incubator that will support business growth in the region. “We commend Tabor City on their strategy to help support local entrepreneurs,” said…
EDA: $3 Million Invested to Improve Access to the Philadelphia Navy Yards Business Campus
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 Philadelphia Authority for Industrial Development, Philadelphia, Pennsylvania, to make critical infrastructure improvements needed to ease access to the Philadelphia Navy Yards business campus. According to grantee estimates, the project is expected to…
HUD: $10 Million in “Sweat Equity” Grants Announced
SHOP grants enable homeownership opportunities for 539 families The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to support four non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the grants awarded today, along with…
HUD: $74 Million Awarded to Help Families Reach Self-Sufficiency
Federal funding to support education and employment among HUD-assisted families U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $74 million to hundreds of public housing authorities across the country to continue helping public housing residents participating in the Housing Choice Voucher Program and/or reside in public housing to increase their earned income…
EDA: $1.8 Million Invested to Expand the Peachtree Corners Technology Incubator in Peachtree Corners, GA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the city of Peachtree Corners, Georgia, to help expand the Peachtree Corners Technology Incubator in the wake of Hurricane Irma. According to grantee estimates, the project is expected to create 143 jobs, retain…
EDA: $982,800 Invested to Establish Food Entrepreneurship Incubator Facility in Downtown Rochester, NY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $982,800 grant to the Rochester Downtown Development Corporation of Rochester, New York, to renovate a portion of the Sibley Building for use as a shared-use commercial kitchen that will support local food entrepreneurs. According to grantee estimates, the project is expected to…
EDA: $2.3 Million Invested to Provide Critical Water Infrastructure Upgrades in Bourne, MA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the town of Bourne, Massachusetts, to construct a new waste water treatment plant. According to grantee estimates, the project is expected to create 30 jobs, retain 183 jobs and spur $18.3 million in…
EDA: $2 Million Invested to Support Workforce Development in Kannapolis, 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 Rowan-Cabarrus Community College of Kannapolis, North Carolina, to construct a new Advanced Technology Center (ATC) to serve regional industrial workforce demands for higher-skilled jobs. According to grantee estimates, the project is expected to…
CDFI Fund: U.S. Treasury Announces $142.9 Million in Awards for Affordable Housing Nationwide
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $142.9 million today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2018 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation, development…
EDA: $1.6 Million Invested to Spur Manufacturing Growth in Houlton, ME
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 Southern Aroostook Development Corporation of Houlton, Maine, to help build an industrial building that will house a manufacturing food-processing plant that will produce dietetically-specific laboratory research mouse feed. According to grantee estimates,…