News Listing

Displaying 51 - 60 of 234

September 30, 2021

U.S. Department of Commerce Invests $6 Million for Infrastructure Improvements to Boost High-Tech Business Growth in Cass County, Michigan

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Midwest Energy Cooperative, Cassopolis, Michigan, a community that traditionally has been dependent on nuclear plants, to construct the needed road, sewer, and water infrastructure to support the 234-acre Southwest Michigan Advanced Research and Technology Park (SMART Park). This EDA grant, to be matched with $6 million in local funds, is expected to create 248 jobs and generate $14 million in private investment.
  • Press Release
  • Assistance to Nuclear Closure Communities
September 30, 2021

U.S. Department of Commerce Invests $5.1 Million in CARES Act Recovery Assistance to Construct a Warehouse and Hangar Facility to Support Job Creation in Mobile, Alabama

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.
  • Press Release
  • CARES Act
September 30, 2021

U.S. Department of Commerce Invests $2.6 Million to Create Jobs and Clean Energy Products Manufacturing Opportunities in Clarksburg, West Virginia

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to the Harrison County Commission, Clarksburg, West Virginia, to build and establish a clean energy products manufacturing facility, creating jobs, and spurring private investment in this hard-hit former coal mining community. This EDA grant will be matched with $1.3 million in local funds, is expected to help create 200 jobs, and generate $4 million in private investment.
  • Press Release
  • Assistance to Coal Communities
September 30, 2021

U.S. Department of Commerce Invests $1.4 Million to Protect Businesses and Residents from Flooding in Benson, Minnesota

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to the city of Benson, Minnesota, to build an enclosed flood protection system for the city’s wastewater treatment plant and replace wastewater pipes to a local industrial park to protect businesses and residents during flooding events. The EDA grant, to be matched with $353,421 in local investment, is expected to create 20 jobs, retain 58 jobs, and spur $60 million in private investment.
  • Press Release
  • Disaster Recovery
September 24, 2021

U.S. Economic Development Administration Announces Grantees Under 2021 University Center Competition

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.
  • Press Release
September 23, 2021

U.S. Department of Commerce Invests $2 Million in CARES Act Recovery Assistance for Water Infrastructure Improvements to Support Business Growth in Aberdeen, South Dakota

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 city of Aberdeen, South Dakota, to construct a new water tower and waterline to support business expansion. This EDA grant, to be matched with $2.1 million in local funds, is expected to create 100 jobs and generate $35 million in private investment.
  • Press Release
  • CARES Act
September 23, 2021

U.S. Department of Commerce Invests $4 Million to Support Electric Vehicle Manufacturing in Detroit, Michigan

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Detroit, Michigan, to reconstruct deteriorating roads in support of an automobile manufacturing plant that will begin producing all-electrical vehicles. This EDA project, to be matched with $6.7 million in local funds, is expected to create 810 jobs, retain 300 jobs, and generate $45 million in private investment.
  • Press Release
September 23, 2021

U.S. Department of Commerce Invests $830,123 in CARES Act Recovery Assistance to Capitalize Revolving Loan Fund to Support Small Businesses in Southeast Nebraska

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $830,123 CARES Act Recovery Assistance grant to the Southeast Nebraska Development District, Lincoln, Nebraska, to capitalize and administer a Revolving Loan Fund, providing gap financing to small, local businesses in Butler, Fillmore, Gage, Jefferson, Johnson, Lancaster, Nemaha, Otoe, Pawnee, Polk, Richardson, Saline, Saunders, Seward, Thayer, and York counties. This EDA grant, to be matched with $207,531 in local investment, is expected to create 25 jobs and generate $2 million in private investment.
  • Press Release
  • CARES Act
September 23, 2021

U.S. Department of Commerce Invests $6 Million to Support Workforce Development Efforts in the Northern Mariana Islands

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Commonwealth of the Northern Mariana Islands Public School System, Saipan, Northern Mariana Islands, to support construction of a vocational training facility. The EDA grant, to be matched with $6 million in local investment, is expected to create 85 jobs.
  • Press Release
  • Disaster Recovery