Economic Development

ABA: Foundation Accepting Submissions for Community Commitment Awards

The American Bankers Association Foundation is accepting submissions for its 11th annual Community Commitment Awards and encouraging banks of all sizes to enter their successful community initiatives. The awards, ABA’s highest honors for extraordinary community engagement, recognize innovative, high-impact bank programs that improve the quality of life for the communities they serve. The entry period for submitting…

EDA: $4 Million Invested to Support Climate-Ready Future on Fort Mojave Reservation

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the Fort Mojave Aha Macav Power Service, Mojave, Arizona, to develop a new source of clean and renewable energy for the Fort Mojave Reservation through the construction of a 2.3 megawatt solar power system….

CDFI Fund: FY 2023 CDFI Bond Guarantee Program Application Period Opens

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2023 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2023. Through the CDFI…

EDA: Notice of Funding Opportunity Announced for Regions Impacte by Natural Disasters

The U.S. Department of Commerce, through the Economic Development Administration (EDA), today announced newly available support to those communities impacted by natural disasters in 2021 and 2022.   Today, the FY23 EDA Disaster Supplemental Notice of Funding Opportunity was published at grants.gov and on eda.gov. Applicants can apply here. The awards that will be made under this Notice of Funding Opportunity…

SBA: Expanded Support for Veteran Small Business Owners Announced

Today, the U.S. Small Business Administration (SBA) announced $3.5 million in grant awards to support outreach organizations focused on veteran small businesses. The grants provide critical funding to create new Veterans Business Outreach Centers (VBOCs) in Alaska, California, Colorado, Iowa, Nebraska, Nevada, and South Carolina, strengthening training and counseling services for aspiring and existing veteran and military…

SBA: 2023 Application for T.H.R.I.V.E. Executive Level Business Training for Entrepreneurs Announced

Today, the U.S. Small Business Administration (SBA) announced the opening of the 2023 application for a redesigned c-suite level training program for small business leaders, formerly known as Emerging Leaders. “T.H.R.I.V.E. Emerging Leaders Reimagined initiative will provide up-and-coming small business leaders with tools, knowledge, and access to the best and the brightest minds in economic development and business,” said Associate Administrator of…

SBA: Rules Implemented to Address Persistent Capital Access Gaps

Loan program updates will advance equity for rural, veteran, women, and minority-owned businesses The U.S. Small Business Administration has finalized two rules to address persistent gaps in access to capital impacting small business owners in underserved communities as part of the Biden-Harris Administration’s effort to grow the economy from the middle out and bottom-up, not…

SBA: 2023 National Small Business Week Co-Sponsors and Virtual Summit Agenda Announced

Today, the U.S. Small Business Administration announced the 2023 National Small Business Week (NSBW) co-sponsors and the schedule for the Virtual Summit, taking place May 2-3, 2023. This year’s NSBW Virtual Summit will feature educational workshops presented by our co-sponsors, provide access to federal resources and offer networking to help our nation’s entrepreneurs start and grow their businesses. To register…

SBA: Resource Partners of the Year Announced

Winners offer outstanding counseling and funding opportunities for entrepreneurs Today, the U.S. Small Business Administration (SBA) announced four Resource Partners of the Year awards. SBA Resource Partners, funded in part by the SBA, provide America’s small businesses with technical assistance, training, and access to capital. In the first two years of the Biden-Harris Administration, a record-breaking 10.5 million…

Census Bureau: New Journey-to-Work Report Released

The U.S. Census Bureau today released a report describing trends in working from home before and after the COVID-19 pandemic hit the United States in March 2020. The report, Home-Based Workers and the COVID-19 Pandemic, uses 2019 and 2021 American Community Survey (ACS) 1-year estimates to compare teleworking sociodemographic, geographic and occupational patterns the year before…