Economic Development

EDA: $21.2 Million Invested to Support Growth of Tourism Sector in the Northern Mariana Islands

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $21.2 million grant to the Commonwealth of the Northern Mariana Islands to support growth of the region’s tourism economy. This EDA grant is expected to create 480 jobs. “The travel and tourism industry is vital to…

EDA: $8 Million in CARES Act Recovery Assistance Invested to Support Business Development and Job Creation Efforts in Texas

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $8 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “The Biden Administration is dedicated to creating new opportunities to put Americans back to work as…

EDA: $4 Million in CARES Act Recovery Assistance Invested to Build Operations Center at the Choctaw Nation Emerging Aviation Technology Center in Durant, OK

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million CARES Act Recovery Assistance grant to the Choctaw Nation of Oklahoma, Durant, Oklahoma, to build an operations center at the Choctaw Nation Emerging Aviation Technology Center. “President Biden is committed to supporting Tribal communities…

EDA: $3.1 Million in CARES Act Recovery Assistance Invested to Enhance Healthcare Workforce Training in Sellersburg, IN

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.1 million CARES Act Recovery Assistance grant to Ivy Tech Community College, Indianapolis, Indiana, to support renovations needed to enhance its healthcare workforce training programs. This EDA grant, to be matched with $771,130 in local funds,…

EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Support Remote Workforce Training Efforts in Utah

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to Utah State University, Logan, Utah, to develop their Remote Online Initiative (ROI), which will provide training to position businesses for economic recovery and prepare workers for success in…

EDA: $1 Million in CARES Act Recovery Assistance Invested to Boost Tourism and Hospitality-Related Industries in Illinois

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the Illinois Council of Convention & Visitor Bureaus, Bloomington, Illinois, to create marketing campaigns promoting tourism across the state. This EDA grant will be matched with $250,000 in…

SBA: Statement on the Closure of the Paycheck Protection Program

PPP has provided nearly $800 billion to small businesses and nonprofits across the nation, fueling the economy by supporting over 8.5 million small businesses and nonprofits Today, U.S. Small Business Administrator Isabella Casillas Guzman issued the following statement on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided over $798 billion…

Census Bureau: Small Business Pulse Survey Phase 5 Weekly Data Released

The U.S. Census Bureau today released new data from the fifth phase of the Small Business Pulse Survey (SBPS). Data collection began May 17. Results will be released weekly May 27 to July 22. The SBPS includes questions on small business operations and finances, requests and receipt of assistance, COVID-19 vaccinations and testing, measures of overall well-being, and…

EDA: $12.8 Million Invested to Establish the Marine Business, Research & Innovation Center in Cieba, Puerto Rico

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $12.8 million grant to Local Redevelopment Authority for Roosevelt Roads, San Juan, Puerto Rico, to construct and establish the Marine Business, Research & Innovation Center (MBRIC). This EDA grant, to be matched with $3.2 million in…

EDA: $5.8 Million in CARES Act Recovery Assistance Invested to Support Workforce and Entrepreneurial Development in Illinois

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $5.8 million in CARES Act Recovery Assistance grants to help the state of Illinois prevent, prepare for, and respond to coronavirus. “The Biden Administration is committed to unleashing the full power of the federal government to help…