CDFI Fund: Public Comments Requested on Community Development Entity Certification Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
CDFI Fund: Application Demand for CY 2022 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
SBA: New HUBZone Map Update Expands Small Business Program Participtaion and Federal Contract Eligibility
Hundreds of Small Firms in Economically Disadvantaged Areas May Now Qualify for HUBZone Certification Today, the U.S. Small Business Administration (SBA) announced the launch of a new Historically Underutilized Business Zone (HUBZone) preview map, which shows that hundreds of firms in newly released designated underserved areas will become eligible to apply for HUBZone certification, enabling them to compete for…
EDA: $2 Million Invested to Support Educational Training for Advance Manufacturing in Central Wisconsin
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Mid-State Technical College, Wisconsin Rapids, Wisconsin, to support the development of the College’s Advanced Manufacturing, Engineering Technology and Apprenticeship (AMETA) Center. Located on the College’s Stevens Point campus, the AMETA will provide the…
SBA: DoD and SBA Sign Joint Agreement to Drive Investment to U.S. Critical Technologies at South by Southwest Festival in Austin
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Defense (DoD) announced that on Friday, March 10, they intend to sign a historic Memorandum of Agreement at the South by Southwest (SXSW) festival in Austin, Texas. This agreement establishes the framework for DoD’s newly established Office of Strategic Capital (OSC) and the SBA’s Office of…
SBA: National Small Business Week Announced for April 30th through May 6th
Week-long Celebration takes place April 30 – May 6, Features Awards, Virtual Summit, and Roadshow Tour SBA Administrator Isabella Casillas Guzman, the voice in President Biden’s Cabinet for America’s over 33 million small businesses, announced National Small Business Week (NSBW) will take place April 30-May 6, 2023. This annual tradition, led by the SBA for more than 60 years,…
SBA: Small Business Digital Alliance Marks One-Year Anniversary
A growing list of national members and local allies support small businesses going digital Today, the Small Business Digital Alliance (SBDA), a co-sponsorship between the U.S. Small Business Administration (SBA)and Business Forward, Inc., celebrates its one-year anniversary. The SBDA provides a comprehensive suite of free digital resources, virtual trainings, and expanded opportunities to help small businesses grow their online…
EDA: U.S. Department of Commerce Seeks Public Input on New Recompete Pilot Program That Supercharges Communities with High Unemployment
The U.S. Department of Commerce’s Economic Development Administration (EDA) is seeking public input on its new Recompete Pilot Program that will make focused investments in distressed communities across the country, creating and connecting workers to good jobs and supporting long-term comprehensive economic development by helping to reduce the high, prime-age (25 to 54 years of age) employment…
ABA: New Webpage Launched Highlighting Programs Designed to Improve Access to Capital for Underserved Small Businesses
The American Bankers Association today launched a new webpage providing information on special purpose credit programs (SPCPs) and highlighting the role they can play in meeting the credit needs of economically disadvantaged small businesses. In support of the Office of the Comptroller of the Currency’s Project REACh, ABA is making this online resource available for banks and other…
EDA: U.S. Department of Commerce Seeks Public Input on New Tech Hubs Program
The U.S. Department of Commerce’s Economic Development Administration (EDA) is seeking public input on its new Tech Hubs program that aims to build and evolve innovation centers in key U.S. regions; accelerate regions’ evolution into a global leader in an industry of the future; and strengthen U.S. global competitiveness within critical technologies. “With the Tech Hubs program,…