Economic Development

Federal Reserve: Beginning November 28th, FRB Intends to Begin Publishing Semiannual Report on Assessment of U.S. Financial Stability

The Federal Reserve Board on November 28 intends to begin publishing a semiannual report presenting the Board’s view of the outlook for U.S. financial stability. The Financial Stability Report will include a summary of the Board’s framework for assessing the resilience of the U.S. financial system and a discussion of key indicators related to the…

EDA: $1.9 Million Invested to Support Manufacturing in Macon, GA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to Macon-Bibb County and Macon-Bibb County Industrial Authority of Macon, Georgia, to make infrastructure improvements that will support manufacturing companies in the region. According to grantee estimates, the project is expected to create 211…

EDA: $5 Million Invested to Aid Disaster Recovery and Resiliency Efforts on Port Aransas, TX

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to the city of Port Aransas, Texas, to boost recovery efforts in the wake of Hurricane Harvey by improving the Port Aransas Municipal Marina and by helping the city acquire land needed to support…

SBA: National Veterans Small Business Week Kicks Off November 5-9

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. 5-9. “National Veterans Small Business Week is another opportunity for us not only to highlight the success of our nation’s 2.5 million veteran-owned businesses, but also to recognize…

HUD: Public Housing Agencies Invited to Join Meeting to Work Demonstration Project

MTW allows greater flexibility to improve housing choice and self-sufficiency The U.S. Department of Housing and Urban Development (HUD) is inviting public housing agencies to join the Department’s expanding Moving to Work demonstration program. Moving to Work (MTW) allows public housing agencies (PHAs) to practice greater program flexibility and encourages housing choice and self-sufficiency among…

SBA: Small Business Lending Momentum Continues in FY18

SBA FY18 total loan volume reaches more than $30 billion with more than 72,000 approved loans The U.S. Small Business Administration announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. “We are providing tools, resources and access to capital for America’s…

EDA: U.S. Commerce Department Announces Tenth Americas Competitiveness Exchange

Senior Officials from Across the Western Hemisphere and other Nations to Visit Northern California’s Innovation and Entrepreneurship Hubs WASHINGTON – Today, the U.S. Department of Commerce’s International Trade Administration (ITA) and Economic Development Administration (EDA), in coordination with the U.S. Department of State and the Organization of American States (OAS), announced that 50 high-level representatives…