EDA: $4 Million Invested to Make Critical Flood-Related Infrastructure Improvements in Atlantic City, NJ
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Atlantic City, New Jersey, to support the Fisherman’s Park Pump Station Improvements and Atlantic City Inlets Retrofits projects. This grant will support pumping station infrastructure improvements needed to protect residents and…
EDA: $3.2 Million Invested to Support Business and Job Growth in New Mexico
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $3.2 million in the state of New Mexico to support business and job growth. The EDA investments announced today are: “President Biden’s Investing in America agenda is a commitment to ensuring communities in New Mexico and across the country…
EDA: $2.5 Million Invested to Support Disaster Recovery Planning in Connecticut
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the Mashantucket Pequot Tribal Nation in Mashantucket, Connecticut, to develop a comprehensive feasibility study for the Mashantucket Pequot Reshoring Essential Medicine Manufacturing (REMIND) effort. This grant will help determine the overall viability of launching…
EDA: $1.6 Million Invested to Strengthen the Manufacturing Workforce in Southwest Minnesota
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Minnesota West Community and Technical College in Worthington, Minnesota. This grant will help address the growing demand for skilled workers in robotics, fluid power/advanced hydraulics, welding and CNC machining training in southwest Minnesota. …
EDA: $1.5 Million Invested to Support Manufacturing Business Growth in Conway, AR
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Conway, Arkansas, to construct water and sewer infrastructure improvements. This grant will support manufacturing business growth at the Conway Industrial Park, improve fire flow to city residents, and support additional redevelopment…
EDA: $1.4 Million Invested to Support Industrial Park Development and Economic Resiliency in Kleberg County, TX
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to Kleberg County, Texas, to boost industrial business growth in response to recent natural disasters. This grant will advance the development of a new industrial park and transportation hub. This EDA investment will be matched…
EDA: $790,000 Invested to Support Tribal Disaster Recovery and Resiliency in Perkins, OK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $790,000 grant to the Iowa Tribe of Oklahoma in Perkins, Oklahoma, to help develop and implement disaster recovery and resiliency strategies. This grant will support the Iowa Tribe of Oklahoma and tribal partners across the state by providing technical assistance to establish…
EDA: $500,000 Invested to Support Entrepreneurship on Maryland’s Eastern Shore
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Eastern Shore Entrepreneurship Center in Easton, Maryland, to purchase, position, and equip two modular laboratories. This grant will support the F3 Tech Agbiotech Bioreactors and Lab Equipment project, which will include two large-capacity bioreactors and related lab equipment. This…
CFPB: Interim Final Rule Issued to Extend Compliance Dates for Small Business Lending Rule Under Section 1071
Interim final rule extends compliance dates pursuant to court orders Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule to extend compliance deadlines for the small business lending rule. After the CFPB issued the small business lending rule on March 30, 2023, a federal court in Texas stayed the rule pending the Supreme Court’s decision in CFPB…
ABA: Bank Economists Growing More Optimistic About Business Credit, Prospect for Soft Landing
Bank economists are expressing increased optimism about the outlook for business credit and the prospect of a soft landing for the U.S. economy over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly…