EDA: $748,849 Invested to Boost Manufacturing Business Growth in Tennessee
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $748,849 grant to the University of Tennessee, Knoxville, Tennessee, to bolster Tennessee’s manufacturing sector. This grant will develop and implement a manufacturing growth model designed to improve workforce participation across Tennessee. The model will focus on distressed, disaster impacted, and coal impacted…
SBA: U.S. Small Business Administration Marks 70th Anniversary
Federal Agency Highlights Its Legacy of Success in Supporting Millions of Small Businesses SBA Administrator Isabella Casillas Guzman issued the below statement ahead of the 70th anniversary of the U.S. Small Business Administration (SBA). The SBA was founded by President Dwight D. Eisenhower in 1953 when he signed the landmark “Small Business Act,” which established the…
SBA: Record-Breaking $163 Million Set in Federal Procurement Opportunities to Small Businesses
Today, Administrator Isabella Casillas Guzman announced that the Biden-Harris Administration exceeded its small business contracting goal of 23% in fiscal year (FY) 2022, awarding an all-time high 26.5% of federal contract dollars to small businesses. This historic level amounts to a $162.9 billion investment in the small business economy– an $8.7 billion increase from the previous fiscal year. Ten federal agencies earned an…
EDA: $1.6 Million Invested for Water and Sewer System Upgrades Needed to Support Trucking Industry in Spindale, NC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the town of Spindale, North Carolina, for water and sewer system improvements needed to support business growth and job creation in a region impacted by fluctuations in the energy economy. This project will provide…
EDA: $1.2 Million Invested for Sewer System Upgrades Needed to Support Manufacturing in Swainsboro, GA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Emanuel County Development Authority, Swainsboro, Georgia, for sewer infrastructure improvements needed to support local business growth and job creation. This grant will provide for sewer system upgrades at the I-16 Industrial Park needed…
SBA: SBIC Modernization Final Rule Issued to Support Reforms to Transform Public-Private Investment
Small Business Investment Company Program modernization will seed America’s next generation of fund managers while increasing funding for underserved and undercapitalized markets Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA)finalized a rule to modernize the Small Business Investment Company (SBIC) Program. Part of President Biden’s Investing in America Agenda, the SBIC Investment Diversification and Growth Rule will…
SBA: New Entrepreneurship Training Course Introduced for Military Spouses
Today, the U.S. Small Business Administration (SBA) launched a new business training program tailored to military spouses entitled “The Military Spouse Pathway to Business Program.” The program supports the recent White House Executive Order 14100, which strengthens economic opportunity for military and Veteran spouses, caregivers, and survivors. “The Biden-Harris Administration is working hard to create more economic opportunities for military families,…
SBA: Two $150,000 Grants Announced to Fund Women’s Business Centers in Oregon and Washington, D.C.
Deadline To Apply: Thursday, August 24, 2023 Today, the U.S. Small Business Administration (SBA) announced the availability of $300,000 for two grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations to provide outcome-oriented business services for women entrepreneurs in Oregon and Washington, D.C. Each location will be awarded one grant of up to $150,000. The recipients must be private, nonprofit organizations that provide…
SBA: America’s Seed Fund Tour Coming to the Midwest to Engage Small Businesses Working on High-Tech, High-Impact Ideas
SBA will stop in Oklahoma, Kansas, Missouri, Nebraska, and Iowa between July 17-21 Today, the U.S. Small Business Administration (SBA) announced it will launch a road tour to Midwest states connecting entrepreneurs working on advanced technology to the country’s largest source of early-stage funding – America’s Seed Fund. America’s Seed Fund, comprised of the Small Business Innovation Research (SBIR) and…
EDA: $3 Million Invested for Waste System Upgrades Needed to Support Manufacturing in Wythe County, VA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the New River Regional Water Authority in Austinville, Virginia, for water infrastructure improvements needed to support local business growth and job creation. This grant will expand the existing water treatment facility to boost its…