WASHINGTON – Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million grant to the.
SAULT STE. MARIE, MI Lake Superior State University received a $956,858 CARES Act Recovery Assistance grant from the Economic Development Administration (EDA) within the U.S. Department of Commerce to purchase lab equipment to build capacity at the Center for Freshwater Research and Education (CFRE).
Credit Lake Superior State University
The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $239,215 in local funds, is expected to create 20 jobs, and generate $14.2 million in private investment. Opportunity Zones are meant to spur economic development nationwide; there are 288 in Michigan.
“We are ecstatic about this grant because it allows us to leverage our new building and our location at the nexus of three Great Lakes to become leaders in freshwater science and training while also creating opportunities to expand blue economy sectors in our region,” said CFRE Director Dr. Ashley Moerke.
U.S. Department of Commerce Invests $2.4 Million to Boost Disaster Resiliency Efforts in Cascade Locks, Oregon, Opportunity Zone
01/19/2021 | 12:56pm EDT
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Required fields WASHINGTON - Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Cascade Locks, Oregon, to make power supply infrastructure improvements needed to support business growth. The EDA grant, to be located in a Tax Cuts and Jobs ActOpportunity Zone, will be matched with $601,872 in local funds, is expected to create 66 jobs, retain 82 jobs, and generate $22.2 million in private investment.
Contact: EDA Public Affairs Department, (202) 482-4085 January 7, 2021 WASHINGTON – Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the Buffalo Erie County Industrial Land Development Corporation, Buffalo, New York, to install new water and sewer systems that will spur new business growth and economic development at the Former Bethlehem Steel Plant Site in Lackawanna. This EDA grant, to be located in a Tax Cuts and Jobs ActOpportunity Zone , will be matched with $670,000 in local funds and is expected to help create 100 jobs and generate $18 million in private investment.
December 11, 2020 -Â U.S. Secretary of Commerce Wilbur Ross announced that the Departmentâs Economic Development Administration (EDA) is awarding a $2
 million grant to the Downtown Statesboro Development Authority, Statesboro, Georgia, to boost business growth and resiliency efforts by expanding the City Center Business Incubator. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $500,000 in local funds, is expected to create 300 jobs, and generate $40 million in private investment.Â
âHurricane Irma severely impacted Statesboro and Bulloch County by in 2017,â said Secretary of Commerce Wilbur Ross. âThis project will strengthen the partnership between the Downtown Statesboro Development Authority and Georgia Southern Universityâs Business Innovation Group and aid in their efforts to rebuild and reinforce the regionâs economy. The Opportunity Zone designation will further transform the lo