SBA: Public Input Sought on Potential Changes to SBA’s Export Loan Program
The U.S. Small Business Administration published an Advanced Notice of Proposed Rulemaking that seeks comments on potential changes to the regulations governing its Export Loan Programs. SBA’s Export Loan Programs provide access to capital for U.S. small business concerns to support expansion into international markets and the growth of U.S. small business exports. SBA is soliciting comments on…
EDA: $4.7 Million Invested to Improve Deer Park Business and Industrial Park in Spokane County, WA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.7 million grant to the city of Deer Park, Washington, to help improve the Deer Park Business and Industrial Park. The grant, to be matched with more than $1.2 million in local investment, is expected to help…
EDA: NIST, EDA and the FirstNet Authority Announce $1 Million Interagency Disaster Challenge
The Accelerate R2 Network will Connect Response and Resiliency Innovation Efforts Three U.S. Department of Commerce agencies have launched a first-of-its-kind interagency challenge focused on accelerating innovations for disaster response and resilience technology. The Economic Development Administration (EDA), in collaboration with the National Institute of Standards and Technology (NIST) and the First Responder Network Authority (FirstNet Authority), today announced the Accelerate R2…
EDA: $13 Million in Grants Announced to Support Trade Adjustment Assistance Centers and U.S. Manufacturers
Today, U.S. Secretary of Commerce Wilbur Ross announced $13 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachussetts,…
EDA: $2.7 Million Invested to Support Diversified Business Growth in Oregon, OH
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the city of Oregon, Ohio, to help attract new businesses to the region by expanding the Cedar Point Industrial Park. This grant, to be matched with $679,179 in local funds, is expected to…
EDA: $382,000 Invested in Critical Railroad Infrastructure Need to Serve Businesses in Missouri Opportunity Zone
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 Southeast Missouri Regional Port Authority of Scott City, Missouri, to make infrastructure improvements. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $382,000 in local…
ABA Foundation: Eight Banks Honored With 7th Annual Community Commitment Awards
Banks of all sizes earn prestigious industry awards for programs addressing range of community issues Eight banks earned American Bankers Association Foundation’s highest honor today by being named Community Commitment Award winners for 2019. The annual awards recognize banks for their corporate social responsibility efforts in categories ranging from affordable housing to economic inclusion. This year’s CCA…
SBA: 2020 National Small Business Week Award Nomination Period Now Open
The U.S. Small Business Administration is now accepting nominations for its 2020 National Small Business Week Awards. Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week (NSBW), which recognizes the critical contributions of America’s entrepreneurs and small business owners. As part of the NSBW, the…
CDFI Fund: CY 2019 NMTC Applicant FAQs Updated
The Community Development Financial Institutions Fund (CDFI Fund) has posted on its website: an updated NMTC Program Allocation Application Frequently Asked Questions (FAQs) document; a revised 2019 NMTC Program Allocation Application; and a pre-recorded webinar demonstrating the application submission process in AMIS. The updates to these documents are provided in response to specific questions raised…
SBA: Boots to Business Program Reaches 100,000 Veteran Participant Milestone
The U.S. Small Business Administration announced this week that more than 100,000 current and aspiring veteran business owners have participated in the Boots to Business training course since the program began in January 2013. “The SBA is all about powering the American dream. This is no different for the veteran business community,” said Larry Stubblefield, Associate Administrator, Office of…