SBA: Direct Final Rule Issued that Will Allow Governors to Seek HUBZone Designation for Certain Rural Areas
The U.S. Small Business Administration today issued a direct final rule that will allow governors to petition the SBA’s Administrator to designate HUBZone status to certain covered areas. A covered area is an area in a state that is located outside of an urbanized area, as determined by the Census Bureau, with a population of not more than…
HUD: $1.5 Million Awarded to Public Housing Authorities to Assist Young People Aging Out of Foster Care
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out of foster care and who are at risk of experiencing homelessness. See chart here. Funded through HUD’s new Foster Youth to Independence (FYI) Initiative, this funding will offer housing vouchers to…
ABA: US Chamber Foundation and ABA Partner to Expand Bank Hiring Opportunities for Veterans
Community Banks Encouraged to Participate in Hiring Our Heroes Program A new partnership between the American Bankers Association and the US Chamber of Commerce Foundation will expand veteran hiring opportunities at banks across the nation. The partnership, announced at the ABA’s annual convention in Seattle, will enable more community banks to participate in the Foundation’s…
EDA: $2 Million Invested to Boost Coal Community in Greenup, KY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Greenup Joint Sewer Agency of Greenup, Kentucky, to make water infrastructure improvements at the EastPark Industrial Park. This grant will be matched with $3 million in state and local funds and is…
EDA: $750,000 Invested to Support Growth of Maine’s Manufacturing Sector
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the University of Maine to purchase and install new, state-of-the-art equipment for the Advanced Manufacturing Center to help support the growth of manufacturing businesses in the region. This EDA grant will be matched with $750,000 in local investment. “Helping…
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…
EDA: $656,231 Invested to Make Critical Infrastructure Improvements to Serve Growing Industry in Grenada County, MS
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $656,231 grant to the Grenada County Board of Supervisors, Grenada, Mississippi, to make infrastructure improvements needed to help businesses expand within Grenada County’s Business and Technology Park. The EDA grant, to be matched with $256,492 in local investment, is expected to create…
EDA: $1.5 Million Invested to Establish a Business Center in East Montgomery County, TX
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 East Montgomery County Improvement District (EMCID) of New Caney, Texas, to construct an office building on its existing industrial park to facilitate job creation and retention. The EDA grant will be matched…
EDA: $3.38 Million Invested to Improved Infrastructure at the Lafayette Regional Airport
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Lafayette Airport Commission in Louisiana, to help construct and rehabilitate parking facilities at the Lafayette Regional Airport. The grant, to be matched with $3.38 million in local investment, is expected to help…
EDA: $3 Million Invested to Support Food Processing Sector in Pasco, WA
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 Pasco, Washington, to make water infrastructure improvements needed to serve food processing and other businesses in the region. The grant, which will be matched with $3.9 million in local funds,…