EDA: $789,724 Invested to Expand an Entrepreneurial Training Program in Charleston, SC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $789,724 grant to Lowcountry Local First, Charleston, South Carolina, to support their Good Growth Program. This project will support an initiative to expand the Good Enterprises entrepreneur training and support program. The project will be matched with $306,087 in state and local…
USDA and EDA Launch Resource Guide to Boost Economic Development in Rural Communities
U.S. Department of Agriculture (USDA) Rural Development Under Secretary Xochitl Torres Small and U.S. Economic Development Administration (EDA) Assistant Secretary Alejandra Y. Castillo today released a joint resource guide to help community organizations access USDA and EDA resources to build strategies to boost economic development in rural America. “America’s rural communities are critical to the success of…
EDA: $7 Million Invested to Make Critical Improvements to Maritime Infrastructure in Port Townsend, WA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7 million grant to the Port of Port Townsend, Washington, to fund the replacement of the Point Hudson Breakwaters. This project will restore storm-damaged maritime infrastructure needed to develop the economic resilience of the region to…
EDA: $2 Million Invested to Support Innovation and Technology Entreprenerus in Akron, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Akron, Ohio, to expand and renovate its Bounce Innovation Hub, a business incubator facility. This investment will support more than 60 start-up businesses and entrepreneurs at the incubator through…
EDA: $1.6 Million Invested to Boost Business and Job Growth in Goldsby, OK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the town of Goldsby, Oklahoma, to build a wastewater infrastructure system. This grant will provide a sanitary sewer system to support industry and business development in the region. This EDA project will…
EDA: $1.4 Million Invested to Support Entrepreneurial Growth in Central Michigan
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to Central Michigan University, Mount Pleasant, Michigan, for renovations to the Central Michigan University Research Corporation incubator and accelerator. This investment will support local entrepreneurs through office renovation and upgrades to provide a…
EDA: Over $49 Million in American Rescue Plan and CARES Act Recovery Assistance Invested
In the last week, the following grants were made under the American Rescue Plan Funds program or the CARES Act Recovery Assistance Program: May 10, 2022 – U.S. Department of Commerce Invests $3.9 Million in American Rescue Plan Funds to Support Business and Job Growth in Texas May 10, 2022 – U.S. Department of Commerce Invests $5…
FDIC: 2022 Bank Small Business Lending Survey Launched
Approximately 2,000 Banks Asked to Detail their Lending Practices Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg and U.S. Census Bureau (Census) Director Robert L. Santos today formally invited approximately 2,000 U.S. banks to participate in a nationally representative online survey about their small business lending practices and volumes. Sponsored by the FDIC…
EDA: $3 Million in CARES Act Recovery Assistance Invested to Expand High-Speed Internet in Michigan’s Eastern Upper Peninsula
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Merit Network, Inc., Ann Arbor, Michigan, to support construction of a 70-mile, middle-mile fiber optic infrastructure, which will expand access to high-speed internet in the region. The project…
ABA: Foundation Encourages Banks to Submit Nominations for 10th Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its 10th annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary community engagement, recognizes innovative, high-impact bank programs that improve the quality of life for customers banks serve. The entry period for submitting nominations ends July 1. “Over the last 10 years, ABA has…