The Department of Commerce Economic Development Administration (EDA) awarded a $625,000 Project Grant to The Idea Village, Inc. under the Economic Adjustment Assistance (EAA) program to develop a pipeline of startup activity across the New Orleans region. Funded activities will position New Orleans, particularly Opportunity Zones in downtown, as an innovation hub by empowering founders from diverse backgrounds to build technology-based businesses. This aims to help the local economy recover more...
The New Orleans Bioinnovation Center, Inc. received a $499,983 Project Grant award from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program. The grant supports the Gulf Coast Health Sciences Corridor coalition led by the Center, which aims to transform the New Orleans and Baton Rouge region of Louisiana into a national leader in health sciences. Key services provided through the funding include specialized workforce development programs...
The Delta Regional Authority (DRA) awarded a $450,000 Project Grant under the Delta Area Economic Development (CFDA 90.201) program to the Nola Business Alliance (NOLABA), a non-profit economic development organization, to expand access to equitable opportunities in green infrastructure in New Orleans. The grant funding will support NOLABA's efforts to promote economic growth and resilience in the New Orleans region, including developing crucial biotech facilities and lab space, delivering...
The Greater New Orleans Development Foundation (GONDF) received a $937,500 project grant award from the Department of Commerce Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program. The award will support GONDF's GNOPIVOT 2.0 initiative through July 2023. As part of the EAA program's mission to aid regions facing adverse economic changes, the grant funding will allow GONDF to provide technical assistance, planning services, and support public works...
The New Orleans Business Alliance (NOLABA) will receive $800,000 through September 2024 under a Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE federal grant program. NOLABA will establish the OurNOLA Fund, a $10 million equity-based investment fund to democratize investment access for millennials, Black, Indigenous, and people of color. The Fund will appeal nationally to non-accredited investors to invest minimum amounts of $500 each,...
The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $1.67 million Project Grant under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300) on July 8, 2021 to the New Orleans Business Alliance. The funding will support the development of wet lab space and a clean room in the University of New Orleans Research and Technology Park. These biotech labs will be part of an information technology center located in the park. The...
The Department of Commerce Economic Development Administration awarded a $400,000 Project Grant to the St Tammany Parish Development District on May 26, 2021 under the Economic Adjustment Assistance (EAA) program. The EAA program supports regions experiencing adverse economic changes through technical, planning, and public works assistance. This award will fund the Regional Resiliency Coll project, which will provide services to bolster economic resiliency in Mandeville, Louisiana. Key...
The Economic Development Administration awarded Brooklyn Alliance, Inc. a $1,666,101 Project Grant under the Economic Adjustment Assistance program on December 16, 2021. The grant will support Brooklyn Alliance in establishing the Small Business Recovery and Resilience Program, which will provide technical assistance to businesses in Kings County, New York. The program aims to help local businesses recover from the COVID-19 pandemic and achieve sustainable growth through long-term support and...
The University of New Orleans received a $4.8 million Project Grant award from the Department of Commerce Economic Development Administration's (EDA) Economic Adjustment Assistance program on September 8, 2022. The funding will support the H2TheFuture Coalition led by the Greater New Orleans Development Foundation to boost the clean energy sector in New Orleans through transitioning the regional hydrogen energy sector. Coalition projects include supporting a central campus to connect the...
The $12.96 million Project Grant from the Department of Commerce Economic Development Administration (EDA) under the Economic Adjustment Assistance (CFDA 11.307) program will support the H2theFuture Coalition led by the Greater New Orleans Development Foundation. The Coalition will boost New Orleans' clean energy sector by transitioning the regional hydrogen energy sector from fossil fuel-based hydrogen to green hydrogen produced from renewable energy sources. Coalition projects include...