SBA: 60,000 Paycheck Protection Program Loans Approved in First Week

SBA’s dedicated access to community financial institutions helped underserved small businesses Today, the U.S. Small Business Administration announced that it has approved approximately 60,000 PPP loan applications submitted by nearly 3,000 lenders, for over $5 billion, between the program’s re-opening on Monday, Jan. 11, at 9 a.m. ET through to […]

SBA: Rule Proposed to Eliminate Regulations that Exclude Faith-Based Organizations from Seven SBA Programs

Public Comments Due by February 18, 2021 The U.S. Small Business Administration invites public comment on a proposed rule designed to remove regulatory provisions that exclude certain faith-based organizations from seven business loan and disaster assistance programs.  These programs include the Intermediary Lending Program (ILP), Business Loan programs (7(a), Microloan and 504 […]

EDA: $2 Million in Grants Awarded to Drive Innovation and Entrepreneurship through Inaugural STEM Talent Challenge

Economic Development Administration’s Program Supports Efforts of Seven Organizations in Seven States WASHINGTON – U.S. Secretary of Commerce Wilbur Ross today announced the seven grant recipients of the Economic Development Administration’s (EDA) STEM Talent Challenge to boost local science, technology, engineering, and math (STEM) talent.  The inaugural STEM Talent Challenge funding opportunity kicked off in […]

EDA: $5.98 Million Invested to Protect Businesses from Flooding in San Diego, CA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.98 million grant to the city of San Diego, California, to make stormwater infrastructure improvements needed to mitigate the impact of flooding on local industry. The EDA grant, to be matched with […]

EDA: $3.4 Million Invested to Support Manufacturing Growth in Kincheloe, MI

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to the Chippewa County Economic Development Corporation, Kincheloe, Michigan, to build a manufacturing facility at Chippewa County Air/Industrial Park and expand an existing railroad spur to serve the facility. […]

EDA: $2.7 Million in CARES Act Recovery Assistance to Establish Revolving Loan Fund to Serve Businesses in Fresno and San Luis Obispo Counties, California

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million CARES Act Recovery Assistance grant to California Coastal Rural Development Corporation (CCRDC), Salinas, California, to establish and administer a Revolving Loan Fund (RLF) in support of coronavirus-impacted small businesses in […]

EDA: $2.56 Million Invested to Support Economic Development and Disaster Resiliency Efforts in Loudon, TN Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.56 million grant to the city of Loudon, Tennessee, to make infrastructure improvements to allow for expansion of new and existing industries in the region. The EDA grant, to be matched with […]

EDA: $2.4 Million Invested to Boost Disaster Resiliency Efforts in Cascade Locks, OR Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Cascade Locks, Oregon, to make power supply infrastructure improvements needed to support business growth. The EDA grant, to be located in a Tax Cuts and Jobs […]

EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Aid Reopening of the Tourism Industry in Colorado

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Colorado Office of Economic Development and International Trade (OEDIT), Denver, Colorado, to support the Restart and Reimagine Colorado Tourism Industry project to aid […]

EDA: $2.25 Million Invested to Support Wastewater Infrastructure Planning Efforts in Hawaii County, HI

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.25 million grant to Hawaii County, Hawaii, to develop a wastewater collection and treatment infrastructure plan to support new and existing business. “The eruption of the Kīlauea Volcano and the Hurricane Lane […]