Economic Development

EDA: $4 Million in American Rescue Funds Invested to Support Recovery of the Arts Sector and Boost Tourism in Santa Cruz, CA

Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million American Rescue Plan Travel, Tourism and Outdoor Recreation program grant to the city of Santa Cruz, California, to develop a new arts and entertainment infrastructure and increase tourism to the region. This project will support…

EDA: $1.3 Million Invested to Grow Businesses and Create Jobs in Kings Mountain, NC

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Kings Mountain, North Carolina, for wastewater infrastructure improvements. This project will support existing commercial and industrial users as well as a new manufacturing facility under development, leading to business…

EDA: $512,000 in American Rescue Plan Funds Invested to Support Pandemic Response and Economic Resiliency in Cookeville, TN

Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $512,000 grant to the Upper Cumberland Development District, Cookeville, Tennessee, to fund two regional recovery coordinator positions. This grant is funded by the American Rescue Plan and EDA’s $300…

EDA: $2.36 Million in American Rescue Plan Funds Invested to Expand Healthcare Jobs in Pikeville, KY

Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.36 million grant to Pikeville Medical Center, Inc., Pikeville, Kentucky, for the provision of new equipment that will be used to meet patient demand…

Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released

The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…

SBA: New “Building a Better America: A Small Business Resource Community” Virtual Engagement Series Launched

New virtual series will connect small businesses with SBA resources and networks as the nation’s historic strong economic recovery powers return to normalcy Today, the U.S. Small Business Administration (SBA) and Public Private Strategies Institute (PPSI) announced the launch of Building a Better America: A Small Business Resource Community (BBA Resource Community), a new engagement series geared toward connecting…

SBA: National Small Business Week Announced for May 1-7, 2022

SBA Will Recognize Top Small Businesses with a Four-Day Series of Events Including a Live Virtual Summit, Educational Sessions, and Award Presentations Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced that National Small Business Week (NSBW): Building a Better America Through Entrepreneurship will…

SBA: Immediate Relief through Additional Deferment Provided to Existing COVID Economic Injury Disaster Loan Program Borrowers

Starting immediately, Agency extends additional relief to small businesses Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, directed the Agency to provide additional deferment of principal and interest payments for existing  COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a total…

EDA: $2.7 Million in CARES Act Recovery Assistance to Train Marine Service Technicians in Michigan’s Upper Peninsula

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million CARES Act Recovery Assistance grant to the Great Lakes Boat Building School, in Cedarville, Michigan, to construct a 10,000-square-foot school expansion, establish new boat-docking infrastructure and purchase additional marine electronics testing equipment. This project…