SBA: “Investing in America: Small Business Tools and Resources” Webinar Series Launched by SBA and the Public Private Strategies Institute
The U.S. Small Business Administration (SBA) formally announced today its “Investing in America: Small Business Tools and Resources” series, a new collaboration with Public Private Strategies Institute (PPSI) to expand public awareness of SBA’s programs, priorities, and initiatives that will empower business owners across the country, particularly those from underserved and disadvantaged communities. As part of…
EDA: $2.5 Million Invested for Water Infrastructure Improvements to Support Aluminum Manufacturing Industry in Bay Minette, AL
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to North Baldwin Utilities in Bay Minette, Alabama, for water infrastructure upgrades to support a new aluminum manufacturing facility and create jobs in the region. This investment will support construction of an elevated water tank…
EDA: $742,180 Invested to Expand Truck Driver Workforce Training Efforts in Fitzgerald, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $742,180 grant to Wiregrass Georgia Technical College in Fitzgerald, Georgia, to enhance their truck driver training program and support job creation in the region. This grant will bolster the aims of the Biden Administration’s Trucking Action Plan to grow and strengthen America’s…
SBA: $8 Million in PRIME Grants Awarded to Help Micro-Entrepreneurs
Grants will help 32 organizations with program development and provide training and technical assistance to improve access to capital for economically disadvantaged microentrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the awardees for the 2023 Program for Investment in…
SBA: 10th Annual National Veterans Small Business Week Scheduled for October 30th through November 3rd
The U.S. Small Business Administration (SBA) announced today that it will celebrate National Veterans Small Business Week (NVSBW) for the tenth consecutive year. The week-long event will take place Oct. 30-Nov. 3, 2023, and includes in-person and virtual events highlighting the nation’s nearly two million Veteran-owned small businesses. “This year marks our tenth celebration of National Veterans…
EDA: $2 Million Invested to Support Revitalization of Downtown Madawaska, ME
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the town of Madawaska, Maine, to redevelop the town’s downtown plaza. Revitalization of Madawaska’s downtown plaza, including the expansion of the Farmers Market, renovation of a vacant building to house co-working offices, and transportation…
EDA: $1.7 Million Invested to Expand Agricultural and Lineworker Workforce Training Programs in Christian County, MO
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Ozarks Technical Community College in Springfield, Missouri, to construct a new workforce training facility on the Richwood Valley Campus in Christian County. This grant will allow for expansion of the college’s agricultural industry and…
SBA: Extension of Moratorium on 8(a) Eligibility Requirement Announced
A Bona Fide Place of Business moratorium will increase the opportunity for small and disadvantaged businesses to expand and grow their businesses Today, on her first day of a multi-city Alaska trip, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the extension of the 8(a) Business Development Bona Fide Place of Business (BFPOB) Requirement Moratorium through…
SBA: Interim Guidance Released for 8(a) Program Participants in Light of Recent Lower Court Ruling
Today, the U.S. Small Business Administration released interim guidance regarding the 8(a) Business Development Program in light of a United States District Court ruling in Ultima Servs. Corp. v. Dep’t of Ag. affecting the program’s determination of social disadvantage. The updated interim guidance for 8(a) Program participants and applicants can be found on the SBA’s website here. The SBA, in…
SBA: Implementation Announced for Transformational SBIC Program Reforms
Reforms of SBA’s Small Business Investment Company Address Gaps in Equity and Debt Financing for Underserved and Undercapitalized Small Businesses Effective August 17 Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) Small Business Investment Company’s (SBIC) Diversification and Growth Final Rule is effective today. Under the new rule, which supports the Biden-Harris Administration’s economic and…