SBA: 10 Semifinalists in Freedom 250 Patriot Pitch Competition Announced
National Freedom 250 contest spotlights small businesses driving innovation, creating jobs, and strengthening communities across America Today, the U.S. Small Business Administration (SBA) announced the 10 semifinalists advancing in the Patriot Pitch Competition, the agency’s premier Freedom 250 initiative celebrating 250 years of American free enterprise and the small businesses that drive innovation, create jobs, and generate economic…
EDA: U.S. Department of Commerce Invests $10.9 Million for Infrastructure Improvement Projects to Support Economic Development in Four States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $10.9 million in awards for infrastructure improvement projects in four states. The awards were provided through EDA’s Fiscal Year 2025 Public Works and Economic Adjustment Assistance program, which helps communities revitalize and upgrade their physical infrastructure to attract new industries and strengthen local economies….
SBA: Small Businesses Now Eligible for $10 Million in SBA Financing
New SBA Policy Allows Borrowers to Combine 7(a) and 504 Loans to Double Available Capital Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration(SBA), announced that SBA borrowers may now combine their 7(a) and 504 loans for up to $10 million in SBA-backed financing, an increase from the previous cumulative loan limit of $5 million….
EDA: U.S. Department of Commerce Invests $27 Million in Disaster Supplemental Funding to Support Economic Development Projects in Five States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is announcing $27 million in Disaster Supplemental funding awards to support economic development projects in five states impacted by storms and natural disasters in 2023 and 2024. The EDA awards announced today are: “The Economic Development Administration is committed to providing communities with the resources they need to recover from the economic impacts of storms and other…
SBA: USDA & SBA Sign MOU to Combat Lawfare Against Farmers, Ranchers, and Small Businesses
New Partnership Gives Producers a Direct Line to Report Costly Regulations and Advance Lasting Reform Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) signed a Memorandum of Understanding (MOU) to combat lawfare targeting farmers, ranchers, rural communities, and small businesses. The agreement gives America’s producers a direct line to report the regulations and…
SBA: Registration Now Open for America’s Seed Fund Summit
Month-long Summit Will Connect Entrepreneurs to Country’s Largest Source of Early-Stage Research and Development Funding Today, the U.S. Small Business Administration announced that registration is now open for America’s Seed Fund Summit, which will take place from July 1 to July 31. The month-long summit will feature a national series of virtual webinars and in-person events designed to connect entrepreneurs,…
EDA: U.S. Department of Commerce Invests $15.7 Million in Disaster Supplemental Funding to Support Economic Development Projects in South Carolina
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $15.7 million in Disaster Supplemental funding awards to support economic development projects in South Carolina in response to storms and natural disasters. The awards were provided through EDA’s Fiscal Year 2025 Disaster Supplemental Grant program, which supports economic recovery activities in areas that received major disaster declarations because of hurricanes, wildfires, severe storms and flooding, tornadoes, and…
SBA: FY 25 Scorecard for Small Business Contracting Released
Trump Administration Procured $273 Billion in Small Business Goods and Services, Supporting 1.2 Million Jobs Today, the U.S. Small Business Administration (SBA) announced the results of its Fiscal Year (FY) 2025 federal procurement scorecard, which measures how well federal agencies meet their small business contracting goals each year. In FY25, the Trump Administration exceeded the statutory federal…
SBA: SBA and GSA Take Action to Prioritize American-Made Products in Federal Purchasing
Agencies Partner to Remove Foreign Imposters from List of Approved Federal Product Offerings Today, the U.S. Small Business Administration (SBA), in collaboration with the U.S. General Services Administration (GSA), announced new action to remove nearly two dozen foreign product offerings from GSA Advantage!, the list of approved vendors for federal agency procurement. The action comes as a result of meetings held…
SBA: Proposed Rule Reforms 8(a) Business Development Program to End Racial Discrimination in Federal Contracting
Agency issues new proposed rule to dismantle race-based admissions Today, the U.S. Small Business Administration (SBA) released a proposed rule to end racial discrimination in the 8(a) Business Development Program and dismantle the race-based admissions framework that previously barred Americans of certain races from accessing 8(a) set-aside and sole-source contracting opportunities. Under the new rule, individuals will no longer…