SBA: Hurricane Florence Survivors Eligible for SBA Loan Deferments
To further support Hurricane Florence recovery efforts, the U.S. Small Business Administration will offer deferments of up to nine months on SBA-serviced loans held by eligible residents, businesses and private nonprofits. Borrowers located in a North or South Carolina county designated a federal disaster area after Hurricane Florence, with SBA loans in “regular servicing” status…
SBA: $5 Million Awarded in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital
Thirty-two community-based organizations that provide assistance to underserved entrepreneurs across the United States are set to receive a combined $5 million in grants from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs (PRIME). These organizations help low-income entrepreneurs gain access to capital to establish and expand their small businesses. This year’s 32 recipients…
EDA: $2.5 Million Invested to Strengthen Innovation and Economic Growth Initiatives
U.S. Secretary of Commerce Wilbur Ross today announced the grantees under the U.S. Economic Development Administration’s (EDA) 2018 University Center Economic Development Program Competition. EDA is providing a total of $2.5 million in grants to 20 colleges and universities in 13 states to run programs that will leverage their assets to promote American innovation and…
EDA: $5.3 Million Invested to Help Establish New Manufacturing and Data Processing Industrial Park in Millinocket, ME
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.3 million grant to Our Katahdin of Millinocket to make the infrastructure improvements needed to establish an industrial park that will support wood-product manufacturing and high-tech data processing businesses. According to grantee estimates, the project is expected…
EDA: $3.6 Million Invested to Protect Businesses from Flooding in La Crosse, WI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.6 million grant to the City of La Crosse to update critical water infrastructure and support business growth in the region. According to grantee estimates, the project is expected to create or retain 70 jobs, while generating…
EDA: $3.5 Million Invested to Establish a Business Disaster Response Center in Caguas, Puerto Rico
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to Iniciativa Tecnológica Centro Oriental, Inc. (INTECO) of Caguas to construct the Business Disaster Response Center. According to grantee estimates, the project is expected to create 324 jobs, retain 360 jobs, and spur $660,000…
EDA: $3 Million Invested to Help Establish a Workforce Training Facility in El Centro, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to San Diego Electrical Training Trust to help build a workforce training facility in El Centro. According to grantee estimates, the project is expected to create 332 jobs. “President Trump has been diligent in…
EDA: $3 Million Invested to Boost Workforce Training Opportunities in Oakland, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Peralta Community College District of Oakland to renovate, expand, and modernize the College of Alameda Aviation Technology Maintenance Training facility. According to grantee estimates, the project is expected to create 1,109 new…
EDA: $3 Million Invested to Help Protect and Grow Businesses in Peosta, IA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the City of Peosta to make critical water infrastructure improvements needed to safeguard local businesses against future flooding. According to grantee estimates, the project is expected to create 183 jobs, retain 274 jobs,…
EDA: $3 Million Invested to Expand Wood Product Industry in Northeast United States
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the U.S. Endowment for Forestry and Communities, Inc. of Concord, New Hampshire, to establish a cooperative agreement to expanding markets for wood products. “The Trump Administration is continually looking for new ways to…