Economic Development

EDA: $752,000 Invested to Support the Agriculture Production Sector in Martin County, Kentucky

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $752,000 grant to Community at the Core, Inc. in Debord, Kentucky, to support growth of the agriculture production sector. This grant will support the procurement of production equipment at a new apple sorting facility. This EDA investment will be matched with $188,000…

SBA: Digital Hub Launches to Connect Small Businesses with Major Funding Under the Investing in America Agenda

Hub Details Billions of Dollars in Grants, Contracts, and Market Opportunities Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the launch of the SBA’s new Investing in America Small Business Hub, the first and only digital portal of its…

SBA: New Small Business Applications Soar to Over 17 Million since 2021

Small Business Boom Continues Amid Record Job Creation, Cooling Inflation Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, released a statement in response to new data showing that an unprecedented 17 million new business applications have been filed under the Biden-Harris…

EDA: $2.4 Million Invested for Building Renovations to Support Workforce Development in Edinburg, TX

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the University of Texas Rio Grande Valley in Edinburg, Texas, to support workforce development in the region. This grant will support construction of a business incubation center, providing training, services, research and data to…

EDA: $8.1 Million Invested to Support Workforce Development and Business Growth in Louisiana

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $8.1 million in the state of Louisiana to support workforce development and business growth. The EDA investments announced today are: “President Biden is committed to ensuring that all communities in Louisiana and across the country have the resources needed…

EDA: $1.7 Million Invested to Boost Manufacturing Business Growth in Marshall, AR

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the Searcy County Government, Arkansas, to support manufacturing business growth.  This grant will renovate a building in Marshall, Arkansas to support the establishment of a frozen foods manufacturing facility, creating jobs, and growing the…

EDA: $1.7 Million Invested to Support Infrastructure Improvements at the Central Louisiana Regional Port

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the Central Louisiana Regional Port in Alexandria, Louisiana, for infrastructure improvements needed to support disaster resiliency and efficiency improvements at the port.  This grant will enable infrastructure and transportation improvements to expand the port’s…

EDA: $1.3 Million Invested for Building Renovations to Support Economic Development in Santa Fe, NM

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the North Central New Mexico Economic Development District in Santa Fe, New Mexico, for building renovations to support economic development in the region. This grant will establish a new headquarters office for the North…

SBA: 2024 Export Lender Award Winners Recognized

Export Lenders of the Year and International Trade Lender of the Year are from Pennsylvania, Illinois, and Michigan Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 2024 Export Lender of the Year Award winners. This year, the SBA’s Office of International Trade selected…

SBA: 17 New Women’s Business Centers Announced

13 of the New WBCs Will Be Hosted by Minority Serving Institutions Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the selection of 17 new Women’s Business Centers (WBCs), 13 of which will be hosted by established Minority Serving Institutions (MSIs)…