EDA: $1.2 Million Invested to Provide Critial Utility Infrastructure Improvements in Tecumseh, NE
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the City of Tecumseh, Nebraska, to make critical utility infrastructure improvements needed to increase electricity generation capacity and stability. The EDA grant, to be matched with $304,863 in local investment, is expected to…
Census Bureau: Small Business Pulse Survey Phase 3 Weekly Data Released
The U.S. Census Bureau today released new data from the third phase of the Small Business Pulse Survey. Data collection began November 9, 2020. Results will be released weekly starting November 19, 2020, through January 14, 2021. No changes were made to the questionnaire for this phase. Data are available through the Small Business Pulse Survey Interactive…
EDA: $2.4 Million in CARES Act Recovery Assistance to Implement a Technical Assistance Program and Support Businesses in Louisana
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Louisiana Department of Economic Development, Baton Rouge, Louisiana, to develop a technical assistance program and support business attraction and retention efforts across the state in response to adverse…
EDA: $1.9 Million in CARES Act Recovery Assistance to Expand Simulation Training Laboratory for Nursing Students in Springfield, MO Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million CARES Act Recovery Assistance grant to Cox College, Springfield, Missouri, to renovate and expand a simulation laboratory to train nursing students on critical equipment so they are better equipped to assist patients during and after…
SBA: Election of New Chair and Vice-Chair on the Small Business Development Center Advisory Board Announced
SBA welcomes Bertica Cabrera Morris as Board Chair and Lea Marquez Peterson as Vice-Chair on the SBDC Advisory Board. The U.S. Small Business Administration is pleased to welcome the new Chair and Vice-Chair to the National Small Business Development Center (SBDC) Advisory Board. Bertica Cabrera Morris will serve as Board Chair, and Lea Marquez Peterson will serve…
SBA: Small Business Size Standard Revisions Proposed in Three Industrial Sectors
Public Comments Due January 12; Change Targeted at Increasing Eligiblity for Contracting and Loan Programs The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in three North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Support Business Recovery and Resilience Efforts Across Texas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to the Texas Economic Development Council, Austin, Texas, to support economic recovery efforts through educational resources for local businesses responding to the coronavirus pandemic. The EDA grant is expected to create 225 jobs, retain 284 jobs, and spur $5 million…
EDA: $3 Million in CARES Act Recovery Assistance Invested to Support Manufacturing Expansion Near Opportunity Zone in Sharp County, AR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Sharp County, Arkansas, to renovate and rebuild a manufacturing facility and boost county economic diversification and resiliency efforts. The EDA grant, to be located near a Tax Cuts and Jobs…
FDIC: New Report Highlights the Contributions of Community Banks to the Paycheck Protection Program
An analysis of call report data from FDIC-insured banks finds that community banks are playing a vital role in supporting small businesses through the Small Business Administration’s Paycheck Protection Program (PPP). Community banks hold nearly a third of all bank-held PPP loans, compared to holding only 15 percent of all bank loans, according to a…