Economic Development News
The latest trends, news and insights on economic development.
ETBU Secures $475,000 Grant from EDA to Enhance Workforce Skills Through Specialized Courses
The Economic Development Administration has awarded East Texas Baptist University a $475,000. The funding will be committed towards specialized courses aimed at improving workforce skills, including technical, interpersonal, and communication skills. KLTV reported:...
Pennsylvania Budget Allocates $500M+ for Economic Development Initiatives
Pennsylvania Governor Josh Shapiro has signed a bipartisan budget this month, allocating funding towards community and economic development. Key initiatives include $500 million for site development, earmarking $400 million for PA SITES program, $20 million for the...
FHLB Dallas Launches CANOPY Fund to Boost Affordable Housing and Economic Development
The Community Advancement through New Opportunities and Partnerships Yielding Results (CANOPY) Fund, which will offer low-cost, unsecured loan funds for terms of up to 10 years, has recently been introduced by the Federal Home Loan Bank of Dallas (FHLB Dallas). CANOPY...
Florida Community Divided Over Plans to Redevelop Park With Public-Private Partnership
The Cape Coral City Council is still receiving pushback from residents near Jaycee Park, just two weeks away from the final approval of its redevelopment plans. Despite modifications and public input, the proposed public-private partnership project continues to face...
Ohio’s Future Fund Awards $14.6 Million to Infrastructure Improvements in Defiance County
This week the Office of Ohio Governor Mike DeWine announced a $14.6 million award from the All Ohio Future Fund which will be used for infrastructure improvements at a 1,000-acre site in Defiance County. Baltimore Avenue Industrial Corridor in Defiance will be...
EDA Launches $25 Million Funding Round for Good Jobs Challenge
The Biden-Harris Administration, through the Economic Development Administration (EDA), is launching a new phase of the Good Jobs Challenge, investing $25 million in locally-led workforce training programs. This latest funding opportunity aims to support sectoral...
Capital One Unveils $265 Billion Community Benefits Plan
Capital One Financial Corporation this month promised over $265 billion in lending, investment, and philanthropy over five years as part of its proposed acquisition of Discover Financial Services. Developed with NALCAB, NeighborWorks America, OFN, and the Woodstock...
Tennessee Bolsters Economic Development Efforts with $65 million Earmarked for Site Acquisition and Development
Tennessee is setting its sights on economic growth as it earmarked $65 million for site readiness in the state's proposed budget for the next fiscal year. Of the said amount, $20.5 million is set aside to buy and invest in the "Middle Tennessee I-24 Industrial Site"...
Kansas: $50 Million in Grants Awarded for Economic Development Projects
Governor Laura Kelly announced the thirty-eight recipients of $50 Million in grants which were selected from the second round of Building a Stronger Economy economic development grant program. The money will be used to accelerate economic development projects that...
Spokane County Allocates ARP Funds to Water Infrastructure Project
The Spokane County is set to allocate $4 million, provided by the American Rescue Plan, to the Little Spokane River water supply resiliency project. The Spokesman-Review reported: The Whitworth Water District will take water out of the Spokane Valley-Rathdrum Prairie...
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