EDA: $748,500 Invested to Improve Wastewater Infrastructure in Prattsburgh, NY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $748,500 grant to the town of Prattsburgh, New York, to make critical wastewater improvements needed to support growth in the city’s downtown business district. The EDA grant will be matched with $748,500 in federal and local funds. “Supporting our communities as they…
SBA: New Regulations Issued for Women-Owned Small Business Federal Contracting Program
The U.S. Small Business Administration today published Women-Owned Small Business Federal Contracting program regulations that will provide a free, online certification and eligibility application process for women-owned small businesses and economically-disadvantaged women-owned small businesses. The timeline for implementation of changes to SBA’s WOSB program has been delayed to accommodate those affected by the current pandemic. Starting July 15, 2020, SBA will…
EDA: $1.5 Billion in CAREs Act Funds Available to Aid Communities Impacted by the Coronavirus Pandemic
U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) is now accepting applications from eligible grantees for Coronavirus Aid, Relief, and Economic Security Act (CARES Act) supplemental funds (EDA CARES Act Recovery Assistance) intended to help communities prevent, prepare for, and respond to coronavirus. “President Trump is working tirelessly…
CFPB: FAQs Issued to Support Small Businesses Applying for PPP Loans
The Consumer Financial Protection Bureau today issued clarifying FAQs to support small businesses who have applied for a loan from their financial institution under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Creditors are generally required under the Equal Credit Opportunity Act and Regulation B to notify applicants within 30 days of receiving a…
EDA: $1.5 Million Invested to Boost Medical Workforce Training Efforts Near Opportunity Zone in Sheridan, WY
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 Northern Wyoming Community College District (NWCCD) in Sheridan, Wyoming, to improve and expand Northern Wyoming Community College’s Health Sciences Center. The new Center will train students for healthcare jobs with the Indian…
EDA: $2.3 Million Invested Support Business Development in Floyd, VA
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 Economic Development Authority of Floyd County, Virginia, to construct the Floyd Growth Center Building. The EDA grant, to be matched with $576,385 in local investment, is expected to spur $5 million in…
EDA: $6.4 Million Invested to Increase Water and Sewer Capacity Near Opportunity Zone in Yankton, SD
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6.4 million grant to the city of Yankton, South Dakota, to make necessary water and sewer infrastructure improvements to increase capacity for businesses and promote resiliency following flood damage in 2019. The EDA grant, to be located…
EDA: $550,280 Invested to Support Disaster Resiliency Efforts in Midwest States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $550,280 grant to the International Economic Development Council (IEDC), of Washington, D.C., to provide disaster recovery technical assistance to states across the Midwest that were impacted by natural disasters in 2018 and 2019. The EDA grant will be matched with $137,570 in…
EDA: $13 Million Invested to Build Disaster Resilient Business Incubator in Puerto Rico Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $13 million grant to the University of Puerto Rico in Ponce to establish a disaster resilient research and business facility to support high-growth businesses focused on the health and medical tourism industries. The EDA grant, to be…
EDA: $1 Million Invested to Establish Revolving Loan Fund to Serve Small Businesses in Eastern Idaho
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the East-Central Idaho Planning & Development Association (ECIPDA) of Rexburg, Idaho, to establish a Revolving Loan Fund (RLF) to assist the growth of small businesses in Butte, Clark, Custer, Fremont, Jefferson, Lemhi, Madison…