SBA: $20 Billion Provided to Small Businesses and Nonprofits through Economic Injury Disaster Loan Advance Program

Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding.  In order to assist the greatest number of small businesses, the EIDL Advance […]

EDA: $30 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $400,000 to help 13-county region in South Central Tennessee $400,000 to help Panhandle Region in Texas $400,000 […]

SBA: Paycheck Protection Program Loan Data Released

The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP).  This disclosure covers each of the 4.9 million PPP loans that have been made. “The PPP is providing much-needed relief to […]

EDA: Over $21 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $4.4 million to help West Virginia $400,000 to help the Eastern Panhandle Region of Virginia $400,000 to […]

EDA: $1 Million Awarded for R2 Network Challange and Team Selected to Build Network for Innovation in Disaster Response & Resiliency Technology

The team selected to build the R2 Network is a public-private partnership of entrepreneurs, early stage investors, local government and public safety stakeholders Today, three U.S. Department of Commerce agencies, the Economic Development Administration (EDA), the National Institute of Standards and Technology (NIST) and the First Responder Network Authority (FirstNet […]

SBA: New Members Appointed to the National Small Business Development Center Advisory Board

SBA Administrator Jovita Carranza today announced the appointment of six new members to the National Small Business Development Centers (SBDC) Advisory Board. “We are delighted to welcome new board members who bring with them a strong business acumen and extensive knowledge to the SBDC Advisory Board,” said SBA Administrator Jovita Carranza.  “The SBDC […]

EDA: $1.8 Million in CARES Act Funding Invested to Boost Economic Development Programs to Help Native American and Alaska Native Planning Organizations

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $1.8 million in CARES Act Recovery Assistance grants to Native American and Alaska Native planning organizations to update economic development plans and fortify programs to assist communities in responding to the coronavirus pandemic. “The Trump Administration is eager […]

EDA: Over $10 Million in CARES Act Funding Invested to Support Economic Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $400,000 to help 17 communities in Southeastern Massachusetts $400,000 to help the Prince William Sound Region of […]

EDA: $800,000 Invested to Establish Revolving Loan Fund to Support Business Recovery Near Opporunity Zone in South Dakota

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the South Eastern Development Foundation, Sioux Falls, South Dakota, to capitalize a Revolving Loan Fund (RLF) that will provide gap financing to businesses in a six-county region impacted by 2019 floods and storms. The […]

EDA: $500,000 Invested to Improve Critical Infrastructe in Exclesior Springs, MO Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant the city of Excelsior Springs, Missouri, to improve critical roadway and sewer infrastructure to accommodate new business development. The EDA grant project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched […]