Industry News

EDA: $7.7 Million in CARES Act Recovery Assistance Invested to Expand Bioscience Laboratory Facilities and Support Workforce Development Programs in Texas

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $7.7 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “President Biden is dedicated to supporting our nation’s economy as we build back better from the…

EDA: $2.5 Million Invested to Establish Drone Port and Support Workforce Development Efforts in Oklahoma

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $2.5 million in the state of Oklahoma to diversify the regional economy and create new job opportunities. “President Biden is committed to supporting new opportunities for economic development across the country,” said Secretary of Commerce Gina M….

EDA: $2.1 Million Invested to Help Establish New Aviation Research and Maintenance Facility at Wichita State University

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to Wichita State University, Wichita, Kansas, to support the growth of the aviation sector by purchasing and installing equipment for use in the new Flight Test Research Center and a Maintenance, Repair, and…

EDA: $1.4 Million Invested to Support Manufacturing Growth in Grantsburg, WI

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to the village of Grantsburg, Wisconsin, to construct road, water and sewer infrastructure to support expansion of the North Industrial Park and promote manufacturing sector growth. This EDA project, to be matched with…

EDA: $1.9 Million Invested to Boost Industrial Growth in Itasca County, MN

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to the city of Grand Rapids, Minnesota, to extend water and sewer infrastructure to attract new industry and support the expansion of existing businesses. This EDA project, to be matched with $1.9 million…

EDA: $1.3 Million Invested to Create Biotech Labs in the University of New Orleans Research and Technology Park

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the New Orleans Business Alliance, New Orleans, Louisiana, to support the development of wet lab space and a clean room as a key component of the Information Technology Center at the University…

EDA: $864,550 Invested to Improve Rail Facilities to Support Business Growth in New Boston, TX

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $864,550 grant to TexAmericas Center, New Boston, Texas, to construct new rail facilities and refurbish those currently in operation at the mixed use economic development site. This EDA grant, to be matched with $216,138 in local investment, is expected to create 157…

EDA: $604,405 Invested to Support Business Recovery and Growth Through International Trade in Denver, CO

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $604,405 grant to Rocky Mountain World Trade Center Institute, Denver, Colorado, to provide technical assistance, planning, and coaching for Colorado small- and medium-sized businesses to increase international sales, job creation, and job retention. This EDA grant will be matched with $604,405 in…

SBA: National SBIR Week Scheduled to Connect Technology Innovators & Entrepreneurs with Research Funding

 The U.S. Small Business Administration will host 2021 National SBIR Week on July 19 through July 23 for small business innovators.  The virtual event will connect entrepreneurs working on advanced technology to the country’s largest source of early-stage funding – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.  The SBA Administrator Isabella Casillas Guzman will…

FDIC: FDITECH Registration Open for Tech Sprint to Reach the Unbanked

The Federal Deposit Insurance Corporation (FDIC) today opened the registration period to participate in a Tech Sprint designed to explore new technologies and techniques that would help expand the capabilities of banks to meet the needs of the unbanked. Interested organizations can request to participate in this Tech Sprint by visiting the FDIC’s Tech Lab…