Economic Development

SBA: Working Capital Loan Pilot Program Launched

Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured…

EDA: $6.6 Million Invested for Water Infrastructure Improvements to Support Job Growth in Halifax County, VA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $6.6 million grant to Halifax County, Virginia, for water infrastructure improvements needed to support job growth and economic development.  This grant will provide increased water service to the Virginia Motorsport Technology Park, creating jobs and opportunities in the…

EDA: $1.5 Million Invested to Strengthen the Healthcare Workforce at White Earth Reservation in Minnesota

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 White Earth Tribal and Community College in Mahnomen, Minnesota, to support healthcare workforce development.  This grant will provide mobile medical training units and related equipment to help nursing students prepare for good-paying, in-demand…

SBA: New Actions and Resources Announced to Advance Clean Energy Economy

SBA Removes Cap on Loans for Clean Energy Projects Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced that the agency has removed its 504 Loan Program’s cap on lending for clean energy projects as part of broader…

EDA: $2.6 Invested for Water Infrastructure Improvements to Support Healthcare and Workforce Development in Terrebonne Parish, LA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to Terrebonne Parish Consolidated Government in Houma, Louisiana, for water infrastructure improvements to support healthcare and workforce development in the region.  This grant will design and construct a new water line to service the new…

EDA: $2.3 Million Invested for Roadway Infrastructure Improvements to Support Economic Growth in Ruidoso, NM

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the Village of Ruidoso, New Mexico, for roadway infrastructure improvements needed to support business and economic growth. This grant will design the restructure of the U.S. Highway 70 and NM Highway 48 intersection to…

EDA: $637,147 Invested to Support Disaster Resiliency and Economic Growth in San Jose, CA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $637,147 grant to San Jose State University Research Foundation in San Jose, California, to strengthen the Moss Landing Marine Laboratory site against sea level rise and natural disasters, and to spearhead development of a working waterfront to serve as a commercial asset…

EDA: $4 Million Invested for Water Infrastructure Improvements to Support Job Creation in Burley, ID

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 Burley, Idaho, to support job creation and business expansion in the region. This grant will support the expansion of an industrial wastewater treatment facility, providing greater capacity to local businesses and…

EDA: $2 Million Invested for Building Infrastructure Improvements to Boost Healthcare Workforce Training in Plano, TX

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Collin County Community College District in Plano, Texas, for building infrastructure improvements to support healthcare workforce training.  This grant will support the construction of a new health care and instruction facility, preparing students…

EDA: $1.8 Million Invested to Boost Workforce Development Efforts in New Orleans, LA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to The Split Second Foundation Inc. in New Orleans, Louisiana, for building infrastructure improvements to support workforce development efforts.  This grant will renovate existing commercial space to support the Center for Health and Job Development,…