CDFI Fund: $3.5 Billion Announced in New Market Tax Credits
Awards will Spur Economic and Community Development Nationwide Washington – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3.5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 73 Community Development Entities (CDEs) were…
EDA: Investment Made to Provide High-Speed Research Computing for Business Growth in South Dakota Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.46 million grant to Dakota State University in Madison, South Dakota, to help establish a high speed research network. The investment, located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $1.46…
EDA: Investment Made to Improve Critical Municipal Infrastructure in Oshkosh, WI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $1.5 million to improve access to the multimodal trans-load terminal in Oshkosh, Wisconsin’s city-owned Southwest Industrial Park. The investment will be matched with $1.5 million in local funds and is expected to attract $5.2 million in private investment….
SBA: Makerspace Training, Collaboration and Hiring (MaTCH) Pilot Competition Announced
Today, the U.S. Small Business Administration Acting Administrator Chris Pilkerton announced the launch of the Makerspace Training, Collaboration and Hiring (MaTCH) Pilot Competition. The MaTCH Pilot Competition seeks to address the job skills and placement gaps faced by U.S. businesses by providing funding to create or expand programs with job-specific and soft skills training within existing makerspaces….
EDA: Investment Made to Support the Growth of Georgia’s Manufacturing Sector
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing $960,000 in sewer infrastructure improvements needed to support the growth of manufacturing and other businesses in the town of Braselton, Georgia, an investment that will be matched with $240,000 in local funds. The project is expected to create 183 jobs…
EDA: U.S. Department of Commerce to Boost Manufacturing and Entrepreneurship Activity in Kearny, NJ Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is helping upgrade and improve Hackensack Avenue in Kearny, New Jersey, in support of the Kearny Point business center development. The investment will be matched by $1.3 million in local funds. The project is located in a Tax Cuts and…
EDA: U.S. Department of Commerce Announces Eleventh Americas Competitiveness Exchange
Senior Officials from Across the Globe Visit Puerto Rico’s Innovation and Entrepreneurship Hubs From May 18-25, the U.S. Department of Commerce’s Economic Development Administration (EDA) and International Trade Administration (ITA), in coordination with the U.S. Department of State and the Organization of American States (OAS), will participate in the Eleventh Americas Competitiveness Exchange (ACE) on…
HUD: $1.5 Billion Awarded to Support Seven States in Their Recovery from 2018 Disasters
Disaster recovery funds to repair damaged housing, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1.5 billion to support seven states in their recovery from major disasters that occurred last year, including Hurricane Michael, Hurricane Florence and devastating wildfires in California. These funds are provided through HUD’s Community Development…
SBA: Certification Rule Proposed for Women-Owned Small Businesses
Seeking Comments by July 15 Today, the U.S. Small Business Administration published a proposed rule that will provide a free online application process for women-owned small businesses to be certified and eligible to participate in the SBA’s Women-Owned Small Business Program or access contracts as a Women-Owned Small Business (WOSB) or Economically Disadvantaged Women-Owned Small…
SBA: World Trade Month Kicks Off with Go Global Webinar Series
As part of World Trade Month, the U.S. Small Business Administration, along with several other federal agencies, will conduct a four-part webinar series entitled, “Go Global” starting May 9th. This online program aims to help participants gain valuable insights on strategies for international sales success. Presenting agencies in the webinar series include the U.S. Small Business Administration,…