The Economic Development Administration awarded Biobat, Inc. a $1.6 million Project Grant under the Economic Adjustment Assistance program (CFDA 11.307) on April 13, 2022. The funding will support Biobat's design and engineering costs to renovate approximately 24,515 square feet of vacant space at the Brooklyn Army Terminal building to provide expanded laboratory and office facilities for two biotechnology companies. The companies are working on products to treat coronavirus and had outgrown...
The Department of Commerce Economic Development Administration awarded a $2.4 million Project Grant to BOC Capital Corp. under the Economic Adjustment Assistance (EAA) program. The EAA program supports regions experiencing adverse economic changes through technical assistance, planning, and infrastructure projects. This award will fund public works and infrastructure assistance to the region of New York, as BOC Capital Corp. delivers services to address economic impacts in the designated place...
The New Orleans Business Alliance was awarded a $505,428 Project Grant from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program. The grant will support the Resilient Corridors Initiative, an approach to developing an entrepreneurial and COVID-19 resilient New Orleans economy through May 2023. As part of the Initiative, the Alliance will deliver technical assistance, planning services, and coordination to strengthen economic resilience...
The Economic Development Administration (EDA) awarded $500,000 under the Economic Adjustment Assistance (EAA) program to support the Empire State Development Corporation Coalition. The funding will allow the Coalition to grow the advanced manufacturing sector in Western New York through building an accelerator to support innovation, training a qualified workforce, and rehabilitating infrastructure. Specifically, the Coalition seeks to address gaps in the innovation ecosystem, workforce...
The Economic Development Administration (EDA), under the Economic Adjustment Assistance (EAA) program (CFDA 11.307), awarded a $375,000 Project Grant to the South Bronx Overall Economic Development Corporation. This grant will support the development of an economic recovery plan for the Bronx 149th Street Commercial Corridor, known as the Bronx Hub. The plan will outline practical strategies to effectively redevelop the commercial corridor and provide resources to generate an environment that...
This $1,000,000 Economic Development Initiative, Community Project Funding/Congressional Directed Spending Award was provided by the U.S. Department of Housing and Urban Development's (HUD) Assistant Secretary for Community Planning and Development under CFDA 14.251. The award is intended to support a wide range of economic development and community development activities in Brooklyn, NY with an expected completion date of August 31, 2032. At this time, the full scope of the project activities...
The Empire State Development will undertake a multi-module New York State Advanced Industry Clusters study providing $1 million through the Department of Commerce Economic Development Administration's Economic Adjustment Assistance program. The study will analyze New York's strengths and opportunities to expand advanced industry clusters and generate long-term economic growth. It will deliver current market intelligence on the state's industry clusters through March 2024. The Economic Adjustment...
Launch New York, Inc., doing business as Launchny, was awarded a $2,625,000 Project Grant from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program. The grant will enable Launchny to fully transition its entrepreneurship support services to virtual platforms and develop novel financing programs for technology-based startup companies in Western New York. Specifically, the Rebound and Innovate Project will support Launchny's implementation...
The City of Charleston, South Carolina received a $125,000 project grant award on April 6, 2021 from the Department of Commerce Economic Development Administration. The funding supports the BUSINESS DEV. LAB under the Economic Adjustment Assistance (EAA) program. The EAA program provides technical, planning, and infrastructure assistance to regions facing adverse economic changes. For this award, the City of Charleston will use the funds to operate a business development lab focused on providing...
The U.S. Department of Commerce Economic Development Administration (EDA) awarded the County of Alameda $1,680,800 under the Economic Adjustment Assistance (EAA) federal grant program on October 21, 2021. The funding will support the County in establishing the Resilient East Bay Cluster Development Strategy to strengthen and support key industries impacted by COVID-19, including manufacturing, transportation, distribution, and logistics (TDL), and biotechnology/life science. Specifically, the...