EDA: U.S. Department of Commerce Intends to Invest $24 Million in Disaster Supplemental Funding to Support the Semiconductor Industry in Texas and Oklahoma
Today, the U.S. Department of Commerce announced that the Economic Development Administration (EDA) intends to award $24 million in Disaster Supplemental funding to the Texoma Semiconductor Tech Hub, to support the semiconductor industry in Texas and Oklahoma. This award will support accelerator programming and workforce development for the growing semiconductor industry and will also provide…
SBA: HUBZone Expansion Petitions Approved in 18 States
Approvals Cover 252 Governor-Designated Areas and Expand Access to HUBZone Certification for Rural Small Businesses Today, the U.S. Small Business Administration (SBA) announced that it has approved 18 governors’ petitions since January 2025 to create new Governor-Designated Covered Areas under the Historically Underutilized Business Zone (HUBZone) Program. These approvals establish 252 Governor-Designated Covered Areas, expanding access to…
SBA: Nearly 700 Noncompliant 8(a) Firms Referred to GSA to Conduct Contract Audits
Firms Face GSA Contract Review After Removal from SBA 8(a) Program Today, the U.S. Small Business Administration (SBA) referred 689 firms that were removed from its 8(a) Business Development Program to the U.S. General Services Administration (GSA) for a comprehensive review of their previous government contract awards. Earlier this year, the firms were removed from…
SBA: Million Dollar Pitch Competition Now Streaming on YouTube and Prime Video
Celebrating 250 Years of Free Enterprise, Five Small Businesses Compete for a Share of $1 Million Cash Prize Pool Funded by Clover Today, the U.S. Small Business Administration (SBA) announced that the special broadcast event for the Million Dollar Pitch Competition is now streaming globally on Prime Video and YouTube. The high-stakes special features five small businesses competing…
SBA: $9.5 Million Awarded to Tribal Colleges and Training Hubs in Support of Small Manufacturers
E2G Grants Support Tribal Colleges and Training Hubs to Strengthen Domestic Manufacturing and Critical Supply Chains Today, the U.S. Small Business Administration (SBA) announced $9.5 million in awards to two tribal organizations that will provide hands-on, in-person manufacturing training and rapid reskilling for employees of 8(a) and HUBZone-eligible small businesses in critical industries through its Manufacturing in…
SBA: Million Dollar Pitch Competition to Stream on Prime Video and YouTube on October 20th
Five entrepreneurs will take the stage to compete, alongside Nicki Minaj, Grant Cardone, Joe Gebbia, and Dean Cain on October 20th Today, the U.S. Small Business Administration (SBA) announced that its Million Dollar Pitch Competition will stream starting October 20 on Prime Video and YouTube. The high-stakes contest, hosted by Dean Cain and judged by celebrity entrepreneurs Nicki Minaj, Grant Cardone, and…
SBA: Historic Guidance Issued to Recognize America’s Content Creator Economy
Agency clarifies that qualifying content creators are classified under NAICS 5121 for SBA program eligibility Today, the U.S. Small Business Administration (SBA) announced the first federal small-business classification guidance specifically recognizing qualifying content creators within the SBA’s lending and contracting framework. Following SBA’s recent small business size standards proposal, the agency clarified that the nation’s 27 million creator-led businesses are…
SBA: $1.05 Million in Grant Awards Announced for Specialized Veteran Entrepreneurship Training
Programs Will Further Equip Veteran Entrepreneurs to Support America’s Industrial Strength Today, the U.S. Small Business Administration (SBA) announced $1.05 million in grants to five organizations for new entrepreneurial training programs focused on veteran business ownership and growth in sectors vital to America’s supply chains, industrial strength, and economic resilience. Operating through April 30, 2027, the programs…
ABA: Foundation Announces 2026 Community Commitment Award Winners
The American Bankers Association Foundation today announced the recipients of its 2026 ABA Foundation Community Commitment Awards. The prestigious annual awards recognize banks for extraordinary service to their local communities in seven specific categories ranging from affordable housing to serving military families. The winners will be recognized at ABA’s Annual Convention in Salt Lake City…
SBA: Agency & Department of War Sign Landmark Agreement to Supercharge Strategic Investment in America’s Defense Industrial Base
Initiative Operationalizes Smaller War Plants Commission to Expand Military Capabilities Through Small Business Suppliers Today, the U.S. Small Business Administration (SBA) and the U.S. Department of War (DoW) announced a new memorandum of agreement building on the Smaller War Plants Commission (SWPC) to expand access to strategic capital for small businesses in the defense industrial base. By aligning DoW’s strategic-investment capabilities…