Economic Development

SBA: Historic Results and Gains Announced for FY2019 Small Business Federal Procurement Scorecard

On Wednesday, Aug. 12, at 2 p.m.  EDT, Dr. Francis Spampinato, Associate Administrator for the U.S. Small Business Administration’s Office of Government Contracting and Business Development will host a media conference call to discuss the historic results and positive gains in the Fiscal Year 2019 Small Business Federal Procurement Scorecard . The annual scorecard is an assessment tool that…

EDA: $644,800 Invested to Protect Businesses from Flooding in Montrose, SD

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $644,800 grant to the city of Montrose, South Dakota, to make critical infrastructure improvements needed to protect the local business community from flooding. This EDA grant is expected to be matched with $161,200 in local investment. “Spring flooding has become an annual…

EDA: Over $116 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: August 8, 2020 – U.S. Department of Commerce Invests $1.65 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…

SBA: Virtual Military Spouse Entrepreneur Summit to be Held Wednesday, August 19th

The U.S. Small Business Administration will host a virtual “Military Spouse Entrepreneur Summit” in collaboration with Second Lady of the United States Karen Pence and the U.S. Chamber of Commerce Foundation’s Hiring Our Heroes on Wednesday, Aug. 19 from 1-3:30 p.m.,  EDT. This free event will connect military spouses with resources and information available to help them start or…

EDA: $10.1 Million Invested in WV to Support Local Strategies Including Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $10.1 million in the state of West Virginia to protect businesses from flooding, spur growth in a critical industry sector, boost workforce training efforts, and provide infrastructure needed to support businesses, including those in Opportunity Zones. The EDA…

EDA: Nearly $145 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: July 30, 2020 – U.S. Department of Commerce Invests $7.8 Million in CARES Act Funding to Boost Capacity of Universities Across Nation to…

EDA: $850,000 Invested to Make Critical Water Infrastructure Improvements in Northeast Texas Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $850,000 grant to the city of Hooks, Texas, to make critical wastewater infrastructure improvements needed to support business development and economic growth in a Tax Cuts and Jobs Act Opportunity Zone. The EDA grant project will be matched with $212,500 in local funds and…

EDA: $7 Million Invested to Make Critical Infrastructure Improvements Needed to Protect Montana Businesses from Future Floods

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7 million grant to Powder River County, Montana, to make critical infrastructure improvements needed to increase economic resilience in the face of natural disasters. The EDA grant, to be matched with $1 million in local investment, is…

EDA: $6 Million Invested to to Make Critical Infrastructure Improvements Needed to Protect Businesses from Flooding in Clayton, NC Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Town of Clayton, North Carolina, to make flood control infrastructure improvements needed to protect manufacturing and other businesses from flooding. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity…