SBA: Access to Capital Expanded for Underserved Small Businesses Through Mission-Based Lenders
SBA Introduces 143 New Community Advantage Small Business Lending Companies (SBLC) Across America This week at the Opportunity Finance Network (OFN) annual conference, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced that the SBA has successfully made permanent its mission-lending Community…
EDA: Applications Open for Pilot Program to Highlight Opportunities to Boost American Communities
The U.S. Department of Commerce’s Economic Development Administration (EDA), announced it has received 565 applications for Phase 1 of the Recompete Pilot Program, marking the largest number of applications of any national EDA competition to date. The Recompete Program is a key piece of President Biden’s Investing in America agenda and reflects the Administration’s commitment to…
SBA: Record $3 Billion in Lending Announced to Latino-Owned Small Businesses
Number of SBA-Backed Loans to Latino-Owned Small Businesses Has Doubled Under Biden-Harris Administration Today, Administrator Isabel Guzman, the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced newly finalized Fiscal Year 2023 SBA data showing that the rate of SBA-backed loans to Latino-owned small businesses has now doubled under the Biden-Harris Administration,…
SBA: Reach of Regional Innovation Cluster Network Expanded with Four New Awards
Regional Innovation Clusters Help Increase Startup and Small Business Participation in the U.S. Supply Chain Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced four contract awards to small businesses and entrepreneur support organization (ESO) partners, expanding the SBA’s Regional Innovation Clusters…
SBA: Financial Assistance Expanded to Native American Communities with Six New Grantees
Agency Announces New Tribal Grant Program, Expansion of Existing Efforts to Support Native American Entrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the creation of the Tribal College Small Business Achievement (TCSBA) grant, a new pilot program to support Native…
EDA: $13.5 Million Invested to Support U.S. Manufacturers
Today, U.S. Secretary of Commerce Gina Raimondo announced $13.5 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states/regions, are located in California, Colorado, Georgia, Illinois, Massachusetts, Michigan, Missouri,…
HUD: Over $75 Million in Loan Guarantees Announced for Public Safety, Facility Improvements, Economic Development and Housing Projects
Today, the U.S. Department of Housing and Urban Development (HUD) awarded a total of $75 million in loan guarantee commitments to the cities of Omaha, Nebraska, Oakland, Fresno, and Redding in California. This funding will enable transformative investments in housing, community facilities, and economic development. “The Biden-Harris Administration and HUD are committed to building and…
SBA: 17 New Members Announced for Regulatory Fairness Board
Board Members Will Advise SBA on Federal Regulations Affecting Small Businesses On Sept. 28, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, addressed the SBA’s Regional Regulatory Fairness Boards at their annual meeting and welcomed 17 newly appointed board members. The board…
SBA: 15 Appointees Announced for New Invention, Innovation and Entrepreneurship Federal Advisory Committee
Group Will Advise SBA on Policy Matters to Foster a Thriving and Equitable Small Business and Startup Innovation Ecosystem Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses and startups in President Biden’s Cabinet, announced the appointment of 15 members to the newly established Invention, Innovation, and Entrepreneurship Advisory…
EDA: $736,000 Invested for Tourism and Outdoor Recreation Development in Kane, PA
Today, the U.S. Economic Development Administration (EDA) is awarding a $736,000 grant to the Pennsylvania Wilds Center for Entrepreneurship in Kane, Pennsylvania, to develop and grow the region’s tourism and outdoor recreation sectors. This grant will produce six plans and a regional planning guide designed to support economic diversification in the region. This EDA investment…