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WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the Northern Maine Development Commission, Caribou, Maine, to capitalize and administer a Revolving Loan Fund, providing gap financing to small, local businesses in Aroostook and Washington counties. This EDA grant, to be matched with $500,000 in local funds, is expected to create 106 jobs, retain 124 jobs, and generate $3.3 million in private investment.

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $13.1 million in grants to help the state of Iowa recover from recent natural disasters.

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the city of Twentynine Palms, California, for wastewater infrastructure improvements needed to support local businesses and attract new businesses to the region This EDA project, to be matched with $418,920 in local funds, is expected to create 25 jobs, retain 200 jobs, and generate $14 million in private investment.

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million CARES Act Recovery Assistance grant to the Arizona Office of Tourism, Phoenix, Arizona, to support the recovery of Arizona’s tourism sector. This EDA grant is expected to create 12,500 jobs and retain 87,100 jobs.

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million CARES Act Recovery Assistance grant to the city of Osceola, Arkansas, to make water and wastewater improvements to support the region’s growing steel sector. This EDA grant, to be matched with $955,405 in local funds, is expected to create 100 jobs and generate $2 billion in private investment.

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Crossett, Arkansas, to complete the East Crossett Sewer Improvement Project to support business growth at the Crossett Industrial Park. This EDA project, to be matched with $365,180 in local funds, is expected to create 220 jobs, retain 40 jobs, and generate $603 million in private investment.

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.1 million CARES Act Recovery Assistance grant to the Mobile Airport Authority, Mobile, Alabama, to construct a multi-use cargo warehouse and hangar facility at the Mobile Aeroplex, promoting business expansion and job creation. This EDA grant, to be matched with $747,275 in local funds, is expected to create 50 jobs and generate $1.5 million in private investment.

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $617,203 grant to the Inupiat Community of the Arctic Slope, Barrow, Alaska, to create a Comprehensive Economic Development Strategy (CEDS) for the North Slope region.

WASHINGTON - U.S. Secretary of Commerce Gina Raimondo today announced the grantees of the U.S. Economic Development Administration’s (EDA) 2021 University Center Economic Development Program Competition. EDA is providing a total of $2.5 million in grants to 25 colleges and universities in 17 states and Puerto Rico to administer programs to leverage their assets, promote innovation and strengthen regional economies.