EDA: $2.2 Million Invested for Building Renovations to Support Workforce Development in Muhlenberg County, KY
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the Muhlenberg County Fiscal Court in Greenville, Kentucky, for building renovations at the Muhlenberg County Opportunity Center. This award will support workforce development by establishing a new workforce development facility that will prepare individuals…
EDA: $2.1 Million Invested to Support Workforce Development and Job Creation in Storm-Impacted Communities in North Carolina
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding $2.1 million in grants to support workforce development and job creation in North Carolina communities impacted by Tropical Storm Fred in 2021. The EDA investments announced today are: “President Biden is committed to providing communities in North Carolina and…
EDA: $2 Million Invested for Infrastructure Improvements to Support Business Expansion in Danville, KY
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Danville, Kentucky, for water and sewer infrastructure upgrades in an industrial commercial corridor. This grant will support expansion of the local industrial sector and a major aerospace manufacturing facility. This EDA…
EDA: $2 Million Invested to Increase Capacity at Port of Hood River, OR
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Port of Hood River, Oregon, for utilities and transportation infrastructure improvements. This grant will increase the port’s capacity and boost its ability to serve regional businesses. This EDA investment, to be matched with…
EDA: $1.5 Million Invested for Water Infrastructure Upgrades to Support Business Expansion in Pineville, WV
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the town of Pineville, West Virginia, for sewer system upgrades and construction of a new water treatment plant. This project will support current business operations and provide for continued industrial growth in a region…
EDA: $1.3 Million Invested to Support Redevelopment of Jackson Avenue in Historic Westside Las Vegas, NV
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 city of Las Vegas, Nevada, to support planning for the future redevelopment of Jackson Avenue as part of ongoing efforts to catalyze community-led investment in the city’s historic Westside. This grant will assist…
EDA: $1 Million Invested to Support Aviation Workforce Development in Durant, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to Southeastern Oklahoma State University in Durant, Oklahoma, to create an Aerospace Technology Center at the Durant Regional Airport. This grant will create a training center to boost the region’s aerospace workforce by enhancing existing…
ABA: Eight Banks Win 2023 Community Commitment Awards
The American Bankers Association Foundation today named eight banks as 2023 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in Nashville, Tenn. on Oct. 10. The selection committee, made up of…
SBA: Data Shows Major Increase in Loans to Black-Owned Businesses Since 2020
The number and share of SBA-backed 7(a) and 504 loans going to Black-Owned businesses more than doubled since 2020 Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), joined Congressman Steven Horsford at the 2023 Congressional Black Caucus Foundation’s Annual Legislative Conference today to announce new data showing the rate of SBA-backed loans going to Black-owned businesses…
SBA: Over $5 Million Announced to Support STEM, R&D-Focused Small Businesses
Growth Accelerator Fund Awards $150,000 to 35 Partnerships Across National Priority Areas 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 SBA’s 2023 Growth Accelerator Fund Competition Stage Two winners. Thirty-five award-winning accelerator partnerships will receive $150,000 each to help advance equitable investment…