EDA: $2 Million Invested to Make Critical Wastewater Infrastructure Improvements in Fort Fairfield, ME
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Fort Fairfield Utilities District of Fort Fairfield, Maine to support the local business community by replacing the town’s existing 60-year-old wastewater treatment facility. The EDA grant will be matched with $4.4 million…
EDA: $1.6 Million Invested to Support Growth of Wood Products Sector in Clarke County, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to Clarke County, Alabama to make infrastructure improvements at North Clark Industrial Park needed to support a new lumber mill operation. The EDA grant, to be matched with $1.1 million in local funds, is…
EDA: $1.6 Million Invested to Support Business Development and Disaster Efforts in South Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $1.6 million in the state of South Carolina to stimulate private investment and help protect businesses from future severe weather events. The EDA grants, to be matched with $775,148 in state and local funds, are expected to create…
HUD: Support Continues for Fifteen States and Four U.S. Territories Recovering from Major Disasters
The U.S. Department of Housing and Urban Development (HUD) today allocated over $2.3 billion to support the long-term disaster recovery process in hard-hit areas in fifteen states, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, American Samoa and the Commonwealth of the Northern Mariana Islands. This allocation today is supported through HUD’s Community Development Block Grant…
EDA: $1.2 Million Invested to Aid Redevelopment of Historic Rail Yards in Albuquerque, NM
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 Albuquerque, New Mexico, to provide infrastructure improvements needed to aid the redevelopment of the city’s historic Rail Yards. The EDA grant, to be located near two Tax Cuts and Jobs Act designated Opportunity…
EDA: $2 Million Invested to Support Business Incubation and Workforce Training Efforts in Billings, MT Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Big Sky Economic Development Authority of Billings, Montana, to renovate an existing building to house the Rock 31 Connect Build Grow business incubator. The EDA grant, to be located in a Tax Cuts and…
EDA: $1.6 Million Invested to Establish Business Revolving Loan Fund in Youngstown, OH
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Mahoning Valley Economic Development Corporation (MVEDC) of Youngstown, Ohio, to establish a new Revolving Loan Fund (RLF) in support of small businesses and entrepreneurs. The EDA grant, to be located near a Tax…
SBA: Final Rule Issued to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities
The U.S. Small Business Administration today issued a final rule that will implement changes to the Historically Underutilized Business Zone (HUBZone) program that will make the program more attractive to small businesses and encourage them to invest in HUBZone communities and hire HUBZone residents. The new rule changes will also make it easier for federal contracting officers to identify…
SBA: Celebrating Small Business Saturday in Communities across America
U.S. Small Business Administration Acting Administrator Chris Pilkerton is encouraging Americans to support local communities by shopping at small businesses on Saturday, November 30. Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday allows consumers to make a tremendous impact in their neighborhoods by supporting local small businesses. Last year, an estimated 104 million…