CDFI Fund: Summary Report and Public Data for NMTC Program for FYs 2003-2017 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2017. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual…
CDFI Fund: Application Demand for 2019 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 206 applications under the 2019 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
Census Bureau: 2017 County Business Patterns Now Available
The U.S. Census Bureau today released the 2017 County Business Patterns (CBP). This annual series of statistics provides subnational economic data by industry. These data show detailed annual information on the number of establishments, first quarter employment, and first quarter and annual payroll at the national, state, metropolitan area, county and congressional district levels for…
EDA: Grant Awarded to Support Entrepreneurial Development in Utah
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $718,968 grant to Weber State University in Ogden, Utah, to help develop a new training program for the Ogden-Clearfield Launchpad entrepreneurship center (Center). The Center provides critical resources for early-stage entrepreneurs as they move through the startup life cycle. The EDA grant…
SBA: Direct Final Rule Issued that Will Allow Governors to Seek HUBZone Designation for Certain Rural Areas
The U.S. Small Business Administration today issued a direct final rule that will allow governors to petition the SBA’s Administrator to designate HUBZone status to certain covered areas. A covered area is an area in a state that is located outside of an urbanized area, as determined by the Census Bureau, with a population of not more than…
SBA: New Initiative Assists Veterans Transitioning to Civilian Life, Entrepreneurs, Small Business Owners
As National Veterans Small Business Week came to a close, three Atlantic Region federal agencies are carrying on its mission with a new initiative to assist both Veterans transitioning to civilian life as well as their families through entrepreneurship and small business ownership. The U.S. Small Business Administration (SBA), U.S. General Services Administration (GSA) and…
EDA: $7 Million Invested to Support Critical Infrastructure and Workforce Training Efforts in West Virginia
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing more than $7 million in the state of West Virginia to develop infrastructure needed for business growth and workforce training programs. The grants, some of which are located in or are near Tax Cuts and Jobs Act designated Opportunity Zone or funded…
SBA: 5th Annual Mentor-Protege Conference Scheduled Next Week to Connect Small Businesses with Federal Contract Opportunities
The U.S. Small Business Administration will host its Mentor-Protégé Conference on November 12-13 at the DoubleTree Hotel in Arlington, Va. The conference will give small businesses access to guidance on federal contracting, face-to-face meetings and opportunities to team with larger businesses and graduates of the SBA’s 8(a) Business Development program. “It’s important that we make sure that…
SBA: Celebrating National Veterans Small Business Week 2019
Veteran-owned businesses contribute nearly $1 trillion each year to U.S. The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member, and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 4-8. “This week is dedicated to celebrating the nation’s 2.5 million veteran-owned businesses who contribute nearly $1 trillion each year to…
HUD: $1.5 Million Awarded to Public Housing Authorities to Assist Young People Aging Out of Foster Care
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out of foster care and who are at risk of experiencing homelessness. See chart here. Funded through HUD’s new Foster Youth to Independence (FYI) Initiative, this funding will offer housing vouchers to…