EDA: $4 Million Invested to Establish Workforce Training Center in Mandan, ND
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the North Dakota Association of Rural Electric Cooperatives, Mandan, North Dakota, to construct a new lineworker training facility in Mandan. The EDA grant will be matched with more than $1 million in local…
EDA: $2.9 Million Invested to Provide Critical Rail Infrastructure to Serve Industrial Park in Butte, MT
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million grant to Butte-Silver Bow Consolidate Local Government, Butte, Montana, to construct a new rail line within the City-County of Butte-Silver Bow Industrial Park to support business growth in the region. The EDA grant, to be…
SBA: Veterans Small Business Advisory Committee to Host Virtual Public Meetings on September 2nd and 3rd
The U.S. Small Business Administration’s Interagency Task Force on Veterans Small Business Development (IATF) and Advisory Committee on Veterans Business Affairs (ACVBA) will hold virtual public meetings on Sept. 2 and 3 respectively via Microsoft Teams. The U.S. Small Business Administration’s Interagency Task Force on Veterans Small Business Development (IATF) and Advisory Committee on Veterans Business…
EDA: $2.3 Million Invested to Establish Advanced Materials Innovation Center Near Rhode Island Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the University of Rhode Island Research Foundation, Kingston, Rhode Island, to establish the “401 Tech Bridge” advanced materials innovation center at two sites: the University of Rhode Island in Kingston for direct university…
EDA: $3 Million Invested to Build Apprenticeship and Industrial Trades Center for Workforce Development in Klamath Falls, OR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Klamath Community College, Klamath Falls, Oregon, to build an on-campus Apprenticeship and Industrial Trades Center. The EDA grant, to be matched with $3.4 million in state funding, is expected to create 166 jobs…
EDA: Over $83 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 14, 2020 – U.S. Department of Commerce Invests $4 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…
EDA: $1.5 Million Invested to Improve Critical Wastewater Infrastructure in Banks County, GA
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 Banks County, Georgia, to make critical wastewater infrastructure improvements needed to support the region’s growing manufacturing base. The EDA grant, to be matched with $3 million in local funds, is expected to generate…
EDA: $824,112 Invested to Make Critical Infrastructure Improvements to Protect from Future Floods Near Opportunity Zone in SC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $824,112 grant to the town of Cheraw, South Carolina, to make water infrastructure improvements needed to protect businesses from future floods and natural disasters. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with…
EDA: $2 Million Invested to Develop Food Processing Business Incubator in Battle Creek, MI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Battle Creek Unlimited, Battle Creek, Michigan, to develop a food processing incubator to serve the region’s food processing firms. The EDA grant, to be matched with $2 million in local funding, is expected…
SBA: New Reduced 504 Loan Debenture Rates Announced
The U.S. Small Business Administration announced the updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC). Small businesses can now apply for the lowest interest rates since July 2018 as the program is now allowing 20 and 25-year interest rates at 2.214% and 2.269%, respectively. “These are very encouraging terms and very…