HUD: $25 Million Loan Guarantee Announced for Birmingham, AL Loan for Black, Indigenous, People of Color Fund
Today, the U.S. Department of Housing and Urban Development (HUD) awarded the City of Birmingham, Alabama a $25.2 million loan fund under its loan guarantee program for the Community Development Block Grant Program, Section 108. The City of Birmingham plans to use these funds to establish a $25 million citywide Loan Pool to provide financing…
EDA: $2 Million Invested to Support Business and Job Growth in Adams County, OH
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Adams County Regional Water District in West Union, Ohio, for water infrastructure upgrades to serve the Winchester Industrial Park. This project will provide a 350,000-gallon water tank and water line that will provide…
EDA: Recompete Pilot Program Launches to Fund Opportunity in Distressed Areas
As part of the President’s Investing in America Agenda, the U.S. Department of Commerce seeks applications to revitalize communities by creating and connecting people to good jobs The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today launched the Distressed Area Recompete Pilot Program (Recompete) competition. Recompete was authorized by the CHIPS and…
EDA: $3 Million Invested to Establish Business Industrial Park in Vineland, NJ
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the city of Vineland, New Jersey, to support business growth and job creation through the development of a new industrial park. The EDA grant will provide support for infrastructure improvements, including a new service…
EDA: $1.6 Million Invested to Support Manufacturing Growth on Tribal Land in Louisiana
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Tunica-Biloxi Tribe of Louisiana, located in Marksville, Louisiana, for construction of a multi-enterprise manufacturing facility that will support the growth of the region’s manufacturing sector and create new jobs. This grant will support…
HUD: $22.5 Million in Funding Made Available to Public Housing Authorities for Jobs Plus Program
Funding will help public housing residents gain employment and education opportunities The U.S. Department of Housing and Urban Development (HUD) today announced that it will make available $22.5 million to public housing authorities (PHAs) to help families increase their earned income and improve their economic mobility through the Jobs Plus program. HUD’s Jobs Plus program…
EDA: First Tech Hubs Funding Opportunity Launched
As part of the President’s Investing in America Agenda, the U.S. Department of Commerce seeks applications to develop regional centers of innovation and job creation The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today launched the Regional Technology and Innovation Hubs (Tech Hubs) competition. This program will create tech hubs in regions…
EDA: $1.3 Million Invested for Infrastructure Upgrades to Support Business Expansion and Job Growth in Lexington, NC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Lexington, North Carolina, for infrastructure improvements to support business expansion and job creation. This grant will provide upgraded natural gas capacity at an industrial site necessary for the expansion of a…
CDFI Fund: FY 2023 CDFI Bond Guarantee Program Application Period Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2023 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2023. Through the CDFI…
EDA: $500,000 Invested to Boost Advanced Manufacturing Training Opportunities and Jobs in North Central Indiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Ivy Tech Community College, Kokomo, Indiana, to help establish the Center of Excellence in Advanced Manufacturing. This project will provide autonomous robots and other equipment needed to help the Center prepare trainees for in-demand positions at regional manufacturing firms….