EDA: $1 Million in CARES Act Recovery Assistance Invested to Aid Reopening of Tourism Economy in Utah
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the Governor’s Office of Economic Development (GOED) in Salt Lake City, Utah, to support Utah’s Safe To Stay Open campaign in response to the economic impacts caused by the…
EDA: $975,000 Invested to Support Aerospace Industry Training Near West Virginia Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $975,000 grant to Marshall University Research Corporation, Huntington, West Virginia, to launch a new Aircraft Maintenance Technician (AMT) Training Program at the Robert C. Byrd Institute. The project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with…
EDA: $956,858 in CARES Act Recovery Assistance Invested to Support Economic Diversification Efforts in Michigan Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $956,858 CARES Act Recovery Assistance grant to Lake Superior State University, Sault Ste. Marie, Michigan, to purchase lab equipment to build capacity at the Center for Freshwater Research and Education. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone,…
EDA: $892,000 in CARES Act Recovery Assistance Invested to Support Pandemic-Related Medical Technology Production in Omaha, NE
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $892,000 CARES Act Recovery Assistance grant to the University of Nebraska, Omaha, Nebraska, to create UNeTech Deploy!, a program to produce and deploy pandemic-related medical technology products. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
EDA: $560,000 Invested to Support Business Growth in Cameron, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $560,000 grant to the city of Cameron, Texas, to make roadway improvements in downtown Cameron and the Cameron Industrial Park to support business retention, expansion, and attraction. The EDA grant, to be matched with $140,000 in local funds, is expected to create…
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…
SBA: PPP Re-Opened to Small Lenders on January 15th and All Lenders on January 19th
Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or…
SBA: 1.1 Million PPP Loans Forgiven So Far Totaling Over $100 Billion
Small borrowers make up vast majority of forgiveness applicants The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses just 3 months since the earliest PPP borrowers’ covered periods ended. “Today’s news is a key…
SBA: PPP Re-Opened to Community Financial Institutions First
Community Financial Institutions get dedicated access starting January 11, 2021 The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing its dedicated commitment to underserved small businesses and to addressing potential access to capital barriers by initially granting PPP access…
SBA: New, Free Online Digital Learning Platform Launched
Ascent built to assist nearly 13 million women-owned small businesses The U.S. Small Business Administration Administrator Jovita Carranza, today announced the launch of Ascent, a first-of-its-kind, free digital e-learning platform geared to help women entrepreneurs grow and expand their businesses. Ascent has valuable content such as tips on preparing and recovering from disasters, strategic marketing and business financial strategy…