EDA: Investment Made to Support Business Education in New York
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $800,000 grant to TruFund Financial Services, Inc., of New York, New York to support the Hunts PoinEt Growth and Resiliency Program. The two-year program will provide business education classes and one-on-one counseling led by TruFund staff and subject matter experts. The EDA…
EDA: $550,000 Invested to Support Critical Infrastructure to New Industrial Park in Belchertown, MA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $550,000 grant to the Massachusetts Development Finance Authority of Boston, Massachusetts to make critical infrastructure improvements needed to support the development of a new 17-acre industrial site in Belchertown. The EDA grant project, to be located near a Tax Cuts and Jobs Act designated Opportunity…
HUD: Commemorating the Anniversary of the Opportunity Zones Initiative
Secretary Carson serves as chair of the White House Opportunity and Revitalization Council charged with implementing initiative alongside community leaders Today, HUD commemorated the anniversary of the signing of the 2017 Tax Cuts & Jobs Act into law with the release of a whiteboard video and a podcast episode, each focused on the successes that…
EDA: $1.2 Million Invested to Aid Redevelopment of Historic Rail Yards in Albuquerque, NM
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the city of Albuquerque, New Mexico, to provide infrastructure improvements needed to aid the redevelopment of the city’s historic Rail Yards. The EDA grant, to be located near two Tax Cuts and Jobs Act designated Opportunity…
EDA: $2 Million Invested to Support Business Incubation and Workforce Training Efforts in Billings, MT Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Big Sky Economic Development Authority of Billings, Montana, to renovate an existing building to house the Rock 31 Connect Build Grow business incubator. The EDA grant, to be located in a Tax Cuts and…
EDA: $1.6 Million Invested to Establish Business Revolving Loan Fund in Youngstown, OH
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 Mahoning Valley Economic Development Corporation (MVEDC) of Youngstown, Ohio, to establish a new Revolving Loan Fund (RLF) in support of small businesses and entrepreneurs. The EDA grant, to be located near a Tax…
CDFI Fund: Application Demand for 2019 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 206 applications under the 2019 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
HUD: New Incentive Package Announced for Purchase or Rehabilitation of Single Family Properties in Opportunity Zones
FHA policy announcement will encourage purchase and rehabilitation of homes in distressed neighborhoods U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced that the Federal Housing Administration (FHA) will offer a new incentive for borrowers interested in rehabilitating homes in Opportunity Zones. FHA is effectuating this through an expansion of its Limited…
EDA: Grant Awarded to Support Entrepreneurial Development in Utah
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $718,968 grant to Weber State University in Ogden, Utah, to help develop a new training program for the Ogden-Clearfield Launchpad entrepreneurship center (Center). The Center provides critical resources for early-stage entrepreneurs as they move through the startup life cycle. The EDA grant…
EDA: $382,000 Invested in Critical Railroad Infrastructure Need to Serve Businesses in Missouri Opportunity Zone
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 Southeast Missouri Regional Port Authority of Scott City, Missouri, to make infrastructure improvements. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $382,000 in local…