EDA: U.S. Department of Commerce Invests $23 Million to Support Economic Development Projects in Ten States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $23 million in awards for projects in ten states. The awards were provided through EDA’s FY 2025 Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities. The EDA awards…
EDA: U.S. Department of Commerce Invests $62 Million to Support Economic Development Projects in Five Southeastern States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $62 million in awards for projects in five states across the Southeastern United States. The awards were provided through EDA’s FY 2025 Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support…
EDA: U.S. Department of Commerce Invests $9.5 Million to Support Economic Development Projects in Four States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $9.5 million in awards for projects in four states. The awards were provided through EDA’s Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities. The awards announced today are:…
SBA: Small Businesses Across Energy Sector Now Eligible for 90 Percent Loan Guarantee
New loan guarantee for small producers will support expanded energy capacity, lower energy prices, and stronger supply chain Today, the U.S. Small Business Administration (SBA) announced that small businesses across the energy production supply chain are now eligible for a new 90% Energy Guarantee through the SBA International Trade Loan (ITL) Program. Established as part of SOP 50…
CDFI Fund: CY 2026 New Markets Tax Credit Program Application Allocation Round Begins Soon
$5 Billion in Allocation Authority will be Available The upcoming calendar year (CY) 2026 round of the New Markets Tax Credit Program (NMTC Program) will make $5 billion in Allocation Authority available for investments in low income and distressed communities. The CDFI Fund is planning to open the CY 2026 NMTC Program Allocation Application round…
CDFI Fund: Summary Report and Public Data for NMTC Program for FYs 2003-2023 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a summary report and data collected on all New Markets Tax Credit (NMTC) investments across the nation from fiscal year (FY) 2003 to FY 2023. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations…
CDFI Fund: Target Market Updates to CDFI Certification Policy for Non-Metro Customized Investment Areas Including Non-Metro Counties and Parishes Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has updated the Target Market activity thresholds for organizations interested in achieving or maintaining CDFI Certification with a non-Metro Customized Investment Area (CIA) including non-Metro counties and parishes. CIAs consist of specially designated geographic areas that meet the following conditions: In December 2023, the CDFI…
SBA: $10 Million in Grant Funding Announced for the Tribal College and University Manufacturing E2G Initiative
Funding Targets Tribal Colleges and Training Hubs to Strengthen Domestic Manufacturing and Critical Supply Chains Today, the U.S. Small Business Administration (SBA) announced it is seeking funding proposals from tribal colleges, community colleges, and other trade schools on or near tribal lands under its Manufacturing in America Empower to Grow (E2G) Grant Initiative. This grant opportunity will award up to five…
SBA: $50 Million Awarded to Technical Schools and Community Colleges in Support of Small Manufacturers
Competitive E2G Grants Target Key Areas for Reindustrialization Today, the U.S. Small Business Administration (SBA) announced it has awarded $50 million in grants to 11 organizations that will provide training and technical assistance to support small manufacturers in SBA’s Empower to Grow (E2G) Program. The Manufacturing in America E2G Grant Initiative will enable these organizations to deliver hands-on training that builds…
SBA: $9 Million in Grant Funding Announced for the Supply Chain Acceleration and Logistics Enablement (SCALE) Program
Funding will help small firms scale production and support strategic priorities Today, the U.S. Small Business Administration (SBA) announced it is seeking proposals for a new funding competition as part of the Supply Chain Acceleration and Logistics Enablement (SCALE) Program, which will award 20 grants of up to $500,000 each over a two‑year period of performance. The…