Investment

HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of the City of Tampa, Florida

Part of large-scale redevelopment master plan in the West River neighborhood that will feature a total of 670 homes. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on April 14 closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Tampa (THA) in Tampa, Florida, to…

EDA: $45 Million Available for FY22 “Build to Scale” Funding Opportunity to Strengthen Regional Innovation Hubs and Invest in Local Business Startups

Today, the U.S. Commerce Department announced the opening of the Economic Development Administration’s (EDA) FY22 Build to Scale (B2S) program, which is designed to invest in regional economies through scalable business startups. The Build to Scale program’s national competitions will deploy $45 million to further technology-based economic development initiatives that accelerate high-quality job growth, create more…

EDA: $7.3 Million Invested to Catalyze Maritime Sector Employment with New Industrial Park in Port Angeles, WA

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7.3 million grant to the Port of Port Angeles, Washington, to support construction of a new industrial park. This project will catalyze the creation of good-paying jobs in the maritime services sector by developing the infrastructure…

EDA: $1.1 Million in CARES Act Recovery Assistance Invested for Biotechnology Expansion to Develop Treatments for COVID-19 in Brooklyn, NY

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to BioBAT, Inc., Brooklyn, New York, for the renovation of workspace designated for two biotechnology companies. This investment will support the development of products to treat COVID-19 and will…

EDA: $7.3 Million Invested to Help Get Employees to Work in North Slope Borough, AK

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7.3 million grant to the North Slope Borough, Alaska, for transportation infrastructure. Recent climate-linked flooding has disrupted the only existing route to Ilisagvik College and the Barrow Arctic Research Center. This project will support community resiliency…

EDA: $2.8 Million Invested to Support Clean Energy Business Development in Paulsboro, NJ

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to Paulsboro, New Jersey, to expand the Paulsboro Water Treatment Plant in support of business development and job growth in the offshore wind industry. This project will provide the wastewater infrastructure capacity needed…

EDA: $2 Million Invested to Support Business Growth in Laurens, SC

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Laurens County Water and Sewer Commission, Laurens, South Carolina, for sewer infrastructure upgrades to service a prime industrial corridor. This project will promote job creation through sewer upgrades necessary for business…

EDA: $2 Million Invested to Help Establish New Business Park in Kewaunee, WI

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Kewaunee, Wisconsin, for water and sewer infrastructure to support the construction of a new 30-acre business park, which is being implemented to help offset the region’s economic injury due…

EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Healthcare Workforce Development in The Dalles, OR

Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to Columbia Gorge Community College, The Dalles, Oregon, to renovate and modernize an existing facility to grow healthcare workforce development programs. This project will provide new and expanded training opportunities…

EDA: $911,900 in CARES Act Recovery Assistance Invested to Expand Workforce Training in Central Illinois

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $911,900 CARES Act Recovery Assistance grant to Illinois Central College, East Peoria, Illinois, to expand its workforce training facilities. This project will grow Illinois Central College’s workforce training programs, helping to fill in-demand jobs in the manufacturing, transportation, and healthcare sectors. This…