CDFI Fund: New Certified CDFI Logo Debuts to Help Illustrate Impact
More than 400 representatives of Certified CDFIs voted on the image they liked best to represent themselves to their customers and the public. Nearly 64 percent of them chose this winning design, which beautifully evokes a sense of community. With the roll out of this new logo, it’s a good time to reflect on the…
EDA: $830,000 Invested to Make Critical Pier Improvements to Support Business Growth in Rockland, ME
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $830,000 grant to the City of Rockland, Maine, to renovate the Rockland Commercial Fish Pier. The renovated structure will support current business needs and future economic growth. According to grantee estimates, the project is expected to retain 86 jobs. “We commend the City…
EDA: $600,000 Invested to Expand Entrepreneurial Services and Business Assistance in Shreveport, LA
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the Biomedical Research Foundation of NW Louisiana of Shreveport, Louisiana, to expand the foundation’s Entrepreneur Accelerator Program, providing services and support to new businesses in the area. According to grantee estimates, the project is expected to create 100 jobs, retain…
Census Bureau: Number of Women-Owned Employer Firms Increases
Women-owned employer firms in the United States increased by approximately 2.8 percent in 2016 to 1,118,863 from 1,088,466 in 2015, according to findings from the U.S. Census Bureau’s 2016 Annual Survey of Entrepreneurs. The data also shows that women owned approximately 20.0 percent (1,118,863) of all employer businesses (5,601,758) nationwide. Additionally, about one-quarter (289,326 or…
CDFI Fund: Application Demand for 2018 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 214 applications under the 2018 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
EDA: $703,000 Investment Made for Critical Infrastructure Improvements to Support Business Growth in Watertown, NY
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $703,000 grant to the Jefferson County Industrial Development Agency of Watertown, New York, to make water and fiber-optic cable infrastructure improvements needed to attract business development at the new complex located at the Watertown International Airport. According to grantee estimates, the project is…
EDA: $615,000 Investment Made for Critical Infrastructure Improvements to Support Business Growth in Brunswick, ME
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $615,000 grant to the Midcoast Regional Redevelopment Authority of Brunswick, Maine, to repair and upgrade sanitary sewer pumps needed to support industrial and commercial business development in the community. “We commend the Midcoast Regional Redevelopment Authority for working to generate economic opportunities by…
SBA: Award Nominations Open for 2019 National Small Business Week Awards
The U.S. Small Business Administration is now accepting nominations for its 2019 National Small Business Week Awards, including the annual Small Business Person of the Year. Since 1963, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions to their local communities, and to our nation’s economy. “This is…
HUD: $1.5 Billion Disaster Recovery Plan Approved for Puerto Rico
Action plan focuses on housing, infrastructure and economic development WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced HUD has approved a $1.5 billion disaster recovery plan to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria. Puerto Rico recently submitted the plan for HUD’s review…