Economic Development

SBA: Registration Open for National Small Business Week Virtual Summit

Attendees Can Participate in Educational Workshops, Network, and Learn about Federal Resources to Help Them Succeed Today, the U.S. Small Business Administration (SBA) and SCORE, mentors to America’s small businesses and a resource partner of the SBA, announced that registration for the 2024 National Small Business Week Virtual Summit is now open. The two-day online event will take place…

EDA: $2.7 Million Invested for Roadway and Wastewater Improvements to Support Business Growth in Floyd, VA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the Economic Development Authority of Floyd County, Virginia, for roadway and wastewater infrastructure improvements to support business growth.  This grant will provide the infrastructure needed to support Phase 2 development of the Floyd Regional…

EDA: $2 Million Invested to Support Business Development and Job Growth in Newport, AR

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Newport, Arkansas, to support business growth and job creation in the region.  This grant will support a building renovation project to create 14,500 square feet of new office space. This EDA…

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…