Tag

Community Revitalization

All articles tagged with #community revitalization

government22 days ago•1 min saved

Treasury Links New Markets Tax Credits with Program Reforms

The U.S. Department of the Treasury announced new New Markets Tax Credits (NMTC) awards for 2024 and 2025, emphasizing community revitalization and stricter compliance with anti-discrimination laws, while also increasing investments in rural areas to support hospitals, small businesses, and manufacturing. The reforms aim to focus the program on its core mission of job creation and community development, moving away from ideological priorities.

via U.S. Department of the Treasury (.gov)|

#community-revitalization #economic-growth #government

government2 years ago•5 min saved

"Biden-Harris Administration Announces Finalists for Economic Development Grants in Multiple Cities"

The Biden-Harris Administration has announced the 22 finalists of the Distressed Area Recompete Pilot Program (Recompete), which aims to close the employment gap in economically distressed areas through locally-driven investments. The program will invest $200 million in economic and workforce development projects across geographically diverse communities. The finalists, located in 20 states and territories, include both urban and rural regions, with a focus on rural and tribal communities. Phase 1 finalists will have the opportunity to apply for implementation grants in Phase 2. Additionally, the Department of Commerce has launched the Phase 2 Notice of Funding Opportunity (NOFO) for investments ranging from $20-$50 million.

via Economic Development Administration|

#biden-harris-administration #community-revitalization #economic-development