OCC: Minority Depository Institution Advisory Committee Remote Meeting Scheduled for September 1st
The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 1, 2020, via remote means. The meeting is open to the public and will begin at 1 p.m., Eastern Daylight Time (EDT). The MDIAC advises the OCC…
EDA: $824,112 Invested to Make Critical Infrastructure Improvements to Protect from Future Floods Near Opportunity Zone in SC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $824,112 grant to the town of Cheraw, South Carolina, to make water infrastructure improvements needed to protect businesses from future floods and natural disasters. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with…
EDA: $2 Million Invested to Develop Food Processing Business Incubator in Battle Creek, MI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Battle Creek Unlimited, Battle Creek, Michigan, to develop a food processing incubator to serve the region’s food processing firms. The EDA grant, to be matched with $2 million in local funding, is expected…
SBA: New Reduced 504 Loan Debenture Rates Announced
The U.S. Small Business Administration announced the updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC). Small businesses can now apply for the lowest interest rates since July 2018 as the program is now allowing 20 and 25-year interest rates at 2.214% and 2.269%, respectively. “These are very encouraging terms and very…
EDA: $3 Million Invested to Make Critical Water Infrastructure Improvements in Clinton County, IN
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Clinton County, Indiana, to make wastewater infrastructure improvements needed to support business growth throughout the region. The EDA grant, to be matched with $5.1 million in local funds, is expected to create 150…
EDA: $3.7 Million Invested to Make Critical Water Infrastructure Improvements in Greene County, OH
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.7 million grant to the Greene County Board of Commissioners, Xenia, Ohio, to provide modern sanitary sewer infrastructure needed to protect businesses against damage from future severe weather events. The EDA grant will be matched with $2.5…
SBA: Small Businesses Received Historic $132.9 Billion in Federal Contracts in New FY19 Procurement Scorecard
Every year, the federal government spends over $400 billion on goods and services, making it the largest purchaser of goods and services in the world. Today, the U.S. Small Business Administration released the annual Fiscal Year 2019 Small Business Federal Procurement Scorecard, which tracks and assesses each agency’s yearly and individually negotiated small business prime and…
SBA: Small Business Contracting Goals Exceed $132.9 Billion to Small Businesses, Breaking Records
Women-Owned Contracting Goal Met for the Second Time in Scorecard History; Eight Federal Agencies Receive A+ Rating on FY2019 Small Business Federal Procurement Scorecard Today, the U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50 percent or $132.9 billion in federal contract dollars to small businesses, over $12…
EDA: $2 Million Invested to Aid Fourche Dam Pike Road Corridor in Pulaski County, AR Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Pulaski County, Arkansas, to make critical roadway infrastructure improvements to the Fourche Dam Pike Road Corridor to support new business and job growth in the region. The EDA grant, to be located in…
EDA: $6 Million Invested to Make Disaster Resilient Infrastructure Improvemenst Near Opportunity Zone in Lexington, MO
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the city of Lexington, Missouri, to make critical water infrastructure improvements needed to protect businesses from future severe weather events. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone,…