EDA: $10.3 Million in CARES Act Funding to Capitalize Revoling Loan Fund Across West Virginia

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $10.3 million EDA CARES Act Recovery Assistance grant to the West Virginia Economic Development Authority, Charleston, West Virginia, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical capital […]

EDA: $4 Million Invested to Improve Water Infrastructure in Stevenson, WA Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Stevenson, Washington, to make critical wastewater infrastructure improvements needed to support business growth throughout the region. The EDA grant, to be located in a Tax Cuts […]

EDA: $732,080 Invested to Renovate Historic Building to Support Entrepreneurial and Start-up Growth in Vincennes, IN Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $732,080 grant to the city of Vincennes, Indiana, to renovate the historic Pantheon Theatre and convert it into a shared coworking, training, and meeting space to support entrepreneurs and small business growth. The project, to be located […]

EDA: $557,254 Invested to Support Manufacturing Sector in Eastern New York

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $557,254 grant to the Town of Erwin Industrial Development Agency, Painted Post, New York, to support the installation of a new groundwater supply well to meet water capacity demands of manufacturing businesses in the region. The EDA […]

CDFI Fund: U.S. Treasury Awards $204.1 Million to Support Economic Growth in Low-Income, Distressed and Native Communities

 The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards today. The awards, through the fiscal year (FY) 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program […]

SBA: Network of Small Business Resource Partners Honored During National Small Business Week

During the 2020 National Small Business Week, the U.S. Small Business Administration honored its resource partners for their impact on local economic development and support of small business creation and growth across the nation. Additionally, all of the SBA’s Resource Partners were recognized for providing resources to small businesses as they work to […]

EDA: $3.52 Million Invested to Protect Businesses from Flooding in Bristol, NH

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.52 million grant to the Town of Bristol, New Hampshire, to make flood control infrastructure improvements needed to protect the downtown commercial district. The EDA grant will be matched with $500,000 in […]

SBA: $5.5 Million in PRIME Grants Awarded to Help Emerging Micro-Entrepreneurs Gain Access to Capital

Grant Awardees Include 23 Provider Organizations Located in Opportunity Zones Thirty organizations across the United States that assist disadvantaged entrepreneurs are set to receive nearly $5.5 million in grants from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs (PRIME).  These nonprofit organizations help low-income entrepreneurs gain access to capital to […]

EDA: $2.5 Million Invested to Make Critical Roadway Infrastructure Improvements to Protect from Flooding in Stillwater County, MT

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the County of Stillwater, Montana, to make critical roadway infrastructure improvements needed to keep commerce flowing and support future business growth in the wake of flooding that impacted […]