Investment

EDA: $960,000 Invested to Support Construction Business Development in Newark, NJ

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 grant to The Enterprise Center in Philadelphia, Pennsylvania, to establish the Infrastructure Innovations and Business Opportunities Center in Newark, New Jersey. This grant will connect socially and economically disadvantaged contractors and businesses to large-scale infrastructure projects in the region. This EDA…

EDA: $2 Million Invested to Expand Construction Industry Workforce Development in Converse County, WY

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Converse County, Wyoming, to expand the workforce training lab at Eastern Wyoming College in Douglas. This grant will support construction of a building addition to house new classrooms, administrative space, and a wood technology…

EDA: $1.6 Million Invested to Support Industrial Technology Workforce Development in Rock Hill, SC

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to York Technical College in Rock Hill, South Carolina, to support workforce development and job creation in the industrial sector. This grant will support the procurement of equipment necessary to upgrade and expand training capacity…

HUD: $256 Million Available in New Choice Neighborhoods Funding

Future awardees will revitalize public and/or HUD-assisted housing, surrounding neighborhoods. Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $256 million in Choice Neighborhoods Implementation (CNI) Grants funding to communities across the country. The CNI Grants will ultimately transform public and other HUD-assisted housing, while investing in the surrounding neighborhood and resident…

SBA: $20 Million Dedicated to New Small Business Export Growth

Administrator Guzman Announces 2023 State Trade Expansion Program Awardees Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced $20 million in grants awarded to 49 state and territory international trade agencies across the country as part of the SBA’s State Trade Expansion Program…

SBA: 14 Appointees Announced for the New Investment Capital Advisory Committee

The Committee Will Advise SBA in the Development of a More Inclusive and Accessible Ecosystem for Small Businesses Nationwide Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the appointment of 14 members to the newly established federal Investment Capital Advisory Committee (ICAC)….

HUD: Over $24 Million Awarded to 57 Grantees to Fight Housing Discrimination

Today, the U.S. Department of Housing and Urban Development (HUD) announced the allocation of $24,195,749.33 from its $56 million FY 2023 budget to support 57 fair housing organizations across the nation through the Fair Housing Initiatives Program (FHIP). These funds are being directed to second and third year multi-year grantees of the Private Enforcement Initiative (PEI) to…

HUD: Updated Fair Market Rents Released and $113 Million in Affordable Housing Vouchers Available

Department increases Fair Market Rents by 12 percent on average across the U.S., releases vouchers to 36 states to help more families afford housing Today, the U.S. Department of Housing and Urban Development (HUD) announced two actions that together will enable more families to rent a healthy, stable home at an affordable cost: publishing Fair…

HUD: $128 Million Awarded to Tribal Communities for Construction of New Affordable Housing

Today, the U.S. Department of Housing and Urban Development (HUD) announced 22 awards totaling approximately $128 million for affordable housing investments in Tribal communities. HUD Secretary Marcia L. Fudge made the announcement today in Kenai, Alaska, where she presented $7.5 million to the Kenaitze-Salamatof to build 18 new housing units to increase the number of…

EDA: $2.5 Million Invested for Water Infrastructure Improvements to Support Aluminum Manufacturing Industry in Bay Minette, AL

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to North Baldwin Utilities in Bay Minette, Alabama, for water infrastructure upgrades to support a new aluminum manufacturing facility and create jobs in the region. This investment will support construction of an elevated water tank…