EDA: $1.17 Million Invested to Strengthen Manufacturing in Puerto Rico
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.17 million grant to Puerto Rico Manufacturing Extension, Inc. (PRIMEX) of San Juan, to provide assistance and training to local manufacturing businesses to include disaster preparedness and resilience planning. According to grantee estimates, the project is expected…
ABA: Foundation Honors Six Banks with Community Commitment Awards
Categories range from affordable housing to economic inclusion The American Bankers Association Foundation today announced it will honor six banks with a Community Commitment Award, which is provided to institutions that have demonstrated leadership in the area of corporate social responsibility. The ABA Foundation will recognize these banks’ efforts in categories ranging from affordable housing…
EDA: $5.5 Million Invested to Build Workforce Training Center in Perris, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.5 million grant to the city of Perris, California, to help build the Perris Downtown Skills Training and Job Placement Center. According to grantee estimates, the project is expected to create 325 jobs and spur $10 million…
EDA: $562,571 Invested to Support Job Creation in Chevak, AK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $562,571 grant to the city of Chevak, Alaska, to support local job creation efforts. According to grantee estimates, the project is expected to create 12 jobs and generate $406,000 in private investment. “We commend the city of Chevak for taking advantage of…
EDA: $14.5 Million Invested to Support Disaster Recovery Efforts in Texas
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $14.5 million in grants to communities throughout Texas to help support local recovery efforts following Hurricane Harvey. According to grantee estimates, the project is expected to create and retain over 480 jobs, while generating $512 million in private…
EDA: $4.3 Million Invested in Ohio to Boost Business Development and Job Growth
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $4.3 million in grants to the State of Ohio to help support local innovation and other economic growth efforts. “The Trump Administration is committed to spurring innovation efforts among students at colleges around the country,” said Secretary of…
EDA: $1.15 Million Invested to Support Business Growth in Silverton, OR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.15 million grant to the City of Silverton to make critical water infrastructure improvements needed to support the community’s expansion plans. According to grantee estimates, the project is expected to create 150 jobs and spur $2 million…
SBA: $5 Million Awarded in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital
Thirty-two community-based organizations that provide assistance to underserved entrepreneurs across the United States are set to receive a combined $5 million in grants from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs (PRIME). These organizations help low-income entrepreneurs gain access to capital to establish and expand their small businesses. This year’s 32 recipients…
EDA: $2.5 Million Invested to Strengthen Innovation and Economic Growth Initiatives
U.S. Secretary of Commerce Wilbur Ross today announced the grantees under the U.S. Economic Development Administration’s (EDA) 2018 University Center Economic Development Program Competition. EDA is providing a total of $2.5 million in grants to 20 colleges and universities in 13 states to run programs that will leverage their assets to promote American innovation and…