EDA: $1.95 Million Invested to Make Critical Wastewater Infrastructure Improvements in Phenix City, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.95 million grant to the city of Phenix City, Alabama, to upgrade the city’s only wastewater treatment plant to accommodate new and expanding businesses. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone,…
EDA: $992,576 Invested to Make Critical Infrastructure Upgrades in Seaboard, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $992,576 grant to the town of Seaboard, North Carolina, to make critical infrastructure improvements needed to support existing businesses, including a major lumber manufacturing facility, and to attract new businesses. This EDA grant, to be matched with $248,144 in local investment, is…
EDA: $2.5 Million Invested to Establish New Business Incubator in Valdosta, GA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the Valdosta and Lowndes Chamber of Commerce in Valdosta, Georgia to fund the construction of a new business incubator. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will…
EDA: $1.1 Million Invested to Provide Critical Infrastructure to Support Disaster Resiliency in Jasper County, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Jasper County, South Carolina, to provide critical road and stormwater infrastructure improvements to a major highway evacuation route. The EDA grant will be matched with $750,000 in local funds. “President Trump is committed…
EDA: $2 Million Invested to Enhance Health Sciences Sector in Kinston, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Lenoir Community College in Kinston, North Carolina, to support the renovation of the college’s Lloyd Health Science Building. The EDA grant, to be matched with more than $5 million in state funding and…
SBA: Updated Criteria on States for Requesting Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
Today, as part of the Trump Administration’s aggressive, whole-of-government efforts to combat the Coronavirus outbreak (COVID-19) and minimize economic disruption to the nation’s 30 million small businesses, U.S. Small Business Administration Administrator Jovita Carranza issued revised criteria for states or territories seeking an economic injury declaration related to Coronavirus (COVID-19). The relaxed criteria will have two immediate…
EDA: $1.5 Million Invested to Boost Entrepreneurial Development Efforts in Disaster-Impacted Fargo, ND
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the North Dakota State University (NDSU) Research & Technology Park in Fargo, North Dakota, to advance entrepreneurial development efforts. The EDA grant will help NDSU purchase equipment for a newly retrofitted makerspace that…
SBA: Disaster Assistance Loans Available for Small Businesses Impacted by Coronavirus (COVID-19)
SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation: “The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital economic engines in every community and state, and they have helped make our economy the strongest…
EDA: $1.5 Million Invested to Make Critical Roadway Improvements Needed to Support Business Growth in Springdale, AR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Springdale, Arkansas, to support business growth by improving roadway infrastructure needed to ease the movement of commercial traffic. The EDA grant, to be matched with $1 million in local funds,…
EDA: $2.2 Million Invested to Establish Disaster Recovery Headquarters in San Angelo, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to Concho Valley Council of Governments (CVCOG) in San Angelo, Texas, to purchase a building to serve as CVCOG’s regional headquarters. The facility will provide disaster recovery and economic development services to the region….