SBA: New Regional Innovation Cluster Awards to Advance Small Business Growth Announced
The U.S. Small Business Administration (SBA) announced the addition of seven new clusters to the portfolio of communities it supports through the Regional Innovation Clusters initiative. Regional Innovation Clusters are geographically-concentrated groups of interconnected businesses, suppliers, service providers and related institutions in an industry that drive innovation, job creation and help grow the economy. “The…
EDA: $2.5 Million Invested to Support Life Sciences-Focused Business Growth in Riverside, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the University of California-Riverside, which is located in a Tax Cuts and Jobs Act designated Opportunity Zone, to acquire equipment for use in a life sciences industry business incubator. “President Trump is working…
EDA: $800,000 Invested to Support Business Growth in Natural Disaster-Impacted Santa Rosa, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Sonoma County Economic Development Board Foundation (SCEDBF) of Santa Rosa, California, to capitalize a Revolving Loan Fund (RLF) that will support business growth and resiliency in the wake of recent natural disasters. According to grantee estimates, the project…
SBA: National Small Business Week Hosts Second Annual Virtual Conference on May 5 to May 7
As part of the National Small Business Week (NSBW), the U.S. Small Business Administration and SCORE, mentors to America’s small businesses, will cohost the second annual NSBW Virtual Conference from May 7 – 8, 2019. The conference will include educational webinars presented by NSBW Cosponsors, virtual exhibit booths, and a networking room where business owners have an opportunity to connect…
EDA: $2.5 Million Invested to Protect Businesses from Flooding in Dubuque, IA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the city of Dubuque, Iowa, to help protect local businesses from flooding by replacing existing flood gates and pumps. According to grantee estimates, the project is expected to create 152 jobs, retain 436…
EDA: $2 Million Invested to Repurpose an Existing Commercial Facility to Support Growing Industries in West Frankfort, IL
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 city of West Frankfort, Illinois, to repurpose the West Frankfort Mall to serve growing industries. According to grantee estimates, the project is expected to create 218 jobs, retain 208 and generate $1.5…
EDA: $1.5 Million Invested to Make Critical Water Infrastructure Improvements Needed to Support Business Expansion in Durant, OK
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 city of Durant, Oklahoma, to make critical water infrastructure improvements needed to support business expansion in the region. The investment will bring new growth to a Tax Cuts and Jobs Act-designated Opportunity…
EDA: $2.6 Million Invested to Protect Businesses from Natural Disasters in Viroqua, WI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to the city of Viroqua, Wisconsin, to update critical water infrastructure needed to protect local businesses from flooding. According to grantee estimates, the project is expected to create or retain 61 jobs and spur…
EDA: $1.1 Million Invested to Modernize Workforce Training Facilities at Pine Technical College in Minnesota
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Pine Technical College of Pine City, Minnesota, to support their workforce training center modernization, upgrade and expansion project. “The Trump Administration is committed to supporting opportunities for technical training and manufacturing as a…
SBA: National SBIR Road Tour Announced to Engage Small Businesses Working on High-Tech, High-Impact Ideas
The U.S. Small Business Administration (SBA) today announced it will launch a 16-stop road tour connecting entrepreneurs working on advanced technology to the country’s largest source of early stage funding – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Also known as America’s Seed Fund, the SBIR/STTR programs focus on…