EDA: $712,000 Invested to Make Critical Infrastructure Improvements Needed to Serve Business Community in Monticello, KY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $712,000 grant to the city of Monticello, Kentucky, to construct sewer infrastructure needed to serve existing businesses and attract new businesses to the region. According to grantee estimates, the project is expected to retain 505 jobs and generate $9.5 million in private…
SBA: Agency Resource Partners Honored at National Small Business Week
Today, the U.S. Small Business Administration announced the following 2019 National Small Business Week resource partners as national winners for their impact on local economic development and support of small business creation and growth in the U.S.: Montana Women’s Business Center Ohio Small Business Development Center at Youngstown State University Veterans Business Outreach Center at Gulf Coast…
EDA: $2.4 Million Invested to Provide Critical Infrastructure Needed to Support Business Needs in Tallassee, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Tallassee, Alabama, to make critical infrastructure upgrades and improvements needed to support the competitiveness of local business community. According to grantee estimates, the project is expected to create 10 jobs,…
EDA: $500,000 Invested to Support Workforce Training Efforts in Mobile, AL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Alabama Aviation Education Center, Inc., of Mobile, Alabama, which is located in a Tax Cuts and Jobs Act designated Opportunity Zone, to support development of the new Flight Works Alabama Aviation Education Center. “President Trump is committed to helping…
SBA: New Regional Innovation Cluster Awards to Advance Small Business Growth Announced
The U.S. Small Business Administration (SBA) announced the addition of seven new clusters to the portfolio of communities it supports through the Regional Innovation Clusters initiative. Regional Innovation Clusters are geographically-concentrated groups of interconnected businesses, suppliers, service providers and related institutions in an industry that drive innovation, job creation and help grow the economy. “The…
FHFA: Dr. Mark Calabria Sworn in as Director of the Federal Housing Finance Agency
In an Agency ceremony, Dr. Mark A. Calabria was sworn in today to a five-year term as the second Senate-confirmed Director of the Federal Housing Finance Agency (FHFA). Dr. Calabria was appointed to head the Agency by President Donald J. Trump. FHFA was created by the Housing and Economic Recovery Act (HERA) of 2008 to…
EDA: $2.5 Million Invested to Support Life Sciences-Focused Business Growth in Riverside, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the University of California-Riverside, which is located in a Tax Cuts and Jobs Act designated Opportunity Zone, to acquire equipment for use in a life sciences industry business incubator. “President Trump is working…
HUD: Request for Information on Maximizing the Positive Impact of Opportunity Zones Announced
he U.S. Department of Housing and Urban Development (HUD) today announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. This RFI will allow the public to share existing knowledge and provide recommendations to…
ABA: Bankers Celebrate 22 Years of Teach Children to Save
April 12 marks Teach Children to Save Day, volunteers to reach estimated 330,700 students More than 9,850 bankers will host financial education events across the country in celebration of Teach Children to Save Day this year. Since 1997, the ABA Foundation’s financial education initiatives have reached 10.5 million young people with the help of more than 260,000…
SBA: National Small Business Week Hosts Second Annual Virtual Conference on May 5 to May 7
As part of the National Small Business Week (NSBW), the U.S. Small Business Administration and SCORE, mentors to America’s small businesses, will cohost the second annual NSBW Virtual Conference from May 7 – 8, 2019. The conference will include educational webinars presented by NSBW Cosponsors, virtual exhibit booths, and a networking room where business owners have an opportunity to connect…