Economic Development

EDA: $5 Million Invested to Support Reconstruction of the Jonesboro Municipal Airport Terminal in Arkansas

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to the city of Jonesboro, Arkansas, for airport infrastructure improvements to support job creation and economic development in the region. This grant will support construction of a new terminal at the Jonesboro Municipal Airport, replacing…

EDA: $2 Million Invested to Support Business Growth in Lubbock, 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 Lubbock Reese Redevelopment Authority in Lubbock, Texas, for infrastructure improvements to support future business growth in a new business park. This grant will support construction of a new business park with an emphasis…

SBA: Statutory Increases Announced for Surety Bond Guarantee Program

Change Will Give Small Businesses Access to Projects up to $9 Million and Federal Contracts up to $14 Million 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 for the first time since 2013, the SBA is increasing the…

CDFI Fund: CDFI Bond Guarantee Program Application Period for FY 2024 Now Open

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2024 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2024. Through the CDFI…

SBA: Funding Competition Announced for Organizations Providing Entrepreneurship Training to Women Veterans

Awards Aim to Help Women Transition from Service to Entrepreneurship The U.S. Small Business Administration today announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $300,000 to deliver entrepreneurship training to women veterans. The application period begins today and continues through March 21, 2024.  Up to six grantees…

SBA: Updated Equity Action Plan Unveiled to Advance Commitment to Investing in Equity

Updates Focus on Providing Access to Capital and Entrepreneurial Support Services, Creating Economic Opportunities, and Advancing our National Economy 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 and startups, announced the SBA’s updated 2023 Equity Action Plan outlining actionable steps the…

SBA: America’s Seed Fund Road Tour Visits Florida and Puerto Rico to Engage Startups and Small Businesses Working on Innovative, High-Impact Ideas

SBA Program Assists Entrepreneurs with Accessing Important R&D Capital The U.S. Small Business Administration (SBA)visited Orlando, Fla., on Feb. 7, and Puerto Rico on Feb. 9 during its America’s Seed Fund Road Tour, a national outreach effort to connect entrepreneurs working on advanced and innovative technology to the country’s largest source of early-stage research and development grant and contract…

SBA: 200,000th Boots to Business Entrepreneurship Course Trainee Graduates

Federal Program Helps Veterans Transition from Service to Startup Today, the U.S. Small Business Administration (SBA) announced the 200,000th graduate of the Boots to Business (B2B) program. This milestone re-emphasizes the long-standing importance of military-connected entrepreneurs to the nation’s economy and celebrates 11 years of B2B instructor achievements nationwide and overseas.  “SBA’s Boots to Business program is about strengthening…

EDA: National Advisory Council on Innovation and Entrepreneurship (NACIE) Releases Recommendations to Fuel and Strengthen U.S. Leadership in Technology Innovation

Today, the National Advisory Council on Innovation and Entrepreneurship (NACIE) released its “Competitiveness Through Entrepreneurship: A Strategy for U.S. Innovation” (PDF) report that includes 10 recommendations for how the U.S. Department of Commerce, the federal government, and the private sector can foster an entrepreneurship ecosystem that ensures the United States leads in critical technology innovation. U.S. Secretary…

EDA: $3.3 Million Invested to Support Business and Green Industry Growth in Louisiana

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $3.3 million in the state of Louisiana to support business and green industry growth. The EDA investments announced today are: “President Biden’s Investing in America agenda is spurring economic growth through targeted investments in Louisiana and across the country,” said…