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,…
EDA: $8.4 Million Invested to Improve Flood Control Infrastructure Near Opportunity Zone in Council Bluffs, IA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $8.4 million grant to the city of Council Bluffs, Iowa, to make flood control infrastructure improvements needed to protect businesses and make the region resilient to future natural disasters. The EDA grant, which will be located near…
Census Bureau: Door-to-Door Visits Begin Nationwide for 2020 Census
Census Takers to Follow Up With About 56 Million Households Nationwide This week, the U.S. Census Bureau began following up with households nationwide that have not yet responded to the 2020 Census. Based on the current self-response rate of 63.3%, the Census Bureau estimates it will need to visit about 56 million addresses to collect…
CDFI Fund: Virtual Public Meeting of the CDFI Fund’s Advisory Board Scheduled for August 27th
The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 2:00 to 5:00 p.m. Eastern Daylight Time on Thursday, August 27, 2020. This meeting will be conducted virtually. The function of the Advisory Board is to advise the Director of the CDFI Fund on the…