The Department of Commerce Economic Development Administration awarded Trufund Financial Services, Inc. a $937,500 project grant under the Economic Adjustment Assistance (EAA) program on May 27, 2021. The EAA program provides technical, planning, and infrastructure assistance to regions experiencing adverse economic changes. Trufund will use the funding to deliver services that support small businesses in Atlanta, Georgia, the designated place of performance for the award. The grant will aid the...
The Department of Commerce Economic Development Administration awarded Trufund Financial Services, Inc. a $3,437,500 project grant under the Economic Adjustment Assistance program (CFDA 11.307) on February 11, 2021. The funding will support Trufund's delivery of technical assistance, planning services, and infrastructure projects to the Fort Worth, Texas area. As outlined under the EAA program, this assistance aims to address adverse economic changes through a variety of means. The grant will...
The Department of Commerce Economic Development Administration awarded Trufund Financial Services, Inc. a $1.1 million Project Grant on February 11, 2021 under the Economic Adjustment Assistance program. The grant will support Trufund in providing technical assistance, planning, and infrastructure development services to regions in Baton Rouge, Louisiana experiencing adverse economic changes. As the CFDA description notes, the Economic Adjustment Assistance program aims to aid areas facing...
The Department of Commerce Economic Development Administration awarded Trufund Financial Services, Inc. a $687,500 project grant under the Economic Adjustment Assistance (CFDA 11.307) federal grant program on February 11, 2021. The funding will support Trufund Financial Services, Inc. in providing technical, planning, and infrastructure assistance to the New Orleans, Louisiana area. The Economic Adjustment Assistance program aims to aid regions facing adverse economic changes, such as sudden...
The Department of Commerce Economic Development Administration awarded Trufund Financial Services, Inc. a $5 million project grant under the Economic Adjustment Assistance program on May 6, 2021. The EAA program supports regions facing adverse economic changes through technical assistance, planning, and infrastructure projects. Funds will likely support public works or other infrastructure projects in New York to address economic impacts. The award location in New York City suggests projects...
The Department of Commerce Economic Development Administration awarded $750,000 to the Business Council of Alabama Inc. under the Economic Adjustment Assistance (EAA) program on April 29, 2021. The EAA program provides technical, planning, and infrastructure assistance to regions experiencing adverse economic changes. For this Project Grant, the Business Council of Alabama will use the $750,000 to deliver services that support Alabama's economic recovery and adjustment efforts in response to...
The Department of Commerce Economic Development Administration awarded a $450,000 project grant to the Birmingham Business Alliance Foundation on May 20, 2021 under the Economic Adjustment Assistance (EAA) program. The grant will fund market intelligence studies in Birmingham, AL to support the city's economic development efforts. The EAA program provides technical and planning assistance to regions facing adverse economic changes, and this award will help Birmingham assess business and industry...
This $725,000 Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Trufund Financial Services, Inc., a non-profit community development financial institution. The funding is intended to promote economic revitalization and community development by building the financial capacity of CDFIs to lend to eligible low-income and underserved markets across the United States. Specifically, the grant will...
The Economic Development Administration awarded a $3.125 million Project Grant to the City of Fairhope, Alabama under the Economic Adjustment Assistance program (CFDA 11.307) on July 6, 2022. The funding will support renovations to convert a historical former school building into a business resource hub for emerging technology entrepreneurs and companies through May 2026. Specifically, the grant will finance demolition, remediation, new interior walls, roofing, doors/windows, flooring, plumbing,...
The Department of Commerce Economic Development Administration awarded $750,000 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program to the Lee Russell Council of Governments on March 18, 2021. The funding will support a revolving loan fund to provide technical, planning, and public works assistance to the Opelika, Alabama area, which has experienced adverse economic impacts over time. The loan fund will deliver services such as infrastructure projects and planning...