SBA: $5.2 Million in PRIME Grants Awarded to Help Emerging Micro-entrpreneurs Gain Access to Capital
Grants Will Help 27 Organizations Provide Technical Assistance and Training Services to Economically Disadvantaged Businesses in HUB and Opportunity Zones The U.S. Small Business Administration has awarded 27 organizations across the United States a total of $5.2 million under the Program for Investment in Micro-Entrepreneurs (PRIME) grant awards. PRIME supports these nonprofit organizations as they help low-income entrepreneurs get…
EDA: $3.5 Million in CARES Act Recovery Assistance Invested to Support Tech-Based Business Growth in Bloomington, IN
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.5 million CARES Act Recovery Assistance grant to the city of Bloomington, Indiana, to construct the Trades District Technology Center to support the growth of tech-based businesses. This EDA grant, to be matched with $1.6 million…
EDA: $3 Million Invested to Increase Commercial Space for Tech-Based Companies in Amherst County, VA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Economic Development Authority of Amherst County, Virginia, to provide operational space to technology-based industries. This EDA project, to be matched with $1.3 million in local funds, is expected to create 45…
EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Boost Workforce Development Efforts in Amarillo, TX
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million CARES Act Recovery Assistance grant to the Panhandle Regional Planning Commission, Amarillo, Texas, to support the purchase and renovation of a workforce development center. This EDA grant will be matched with $551,187 in local…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Support Construction of a Healthcare Facility in Anthony, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to the city of Anthony, New Mexico, to support construction of an Urgent Care medical facility. This EDA grant, to be matched with $375,000 in local funds, is expected…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Post-Pandemic Recovery of Pennsylvania’s Small Businesses
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to Temple University, Philadelphia, Pennsylvania, to support the post-pandemic recovery of Pennsylvania’s small businesses through the PA Digital Transformation and E-commerce Program. This EDA grant, to be matched with…
EDA: $960,000 Invested to Support Infrastructure Study of Vallejo, California’s Mare Island
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 grant to the city of Vallejo, California, to conduct an infrastructure study of Mare Island. This EDA grant will be matched with $540,000 in local investment. “Improving our nation’s infrastructure is a critical component of President Bidens’s Build Back Better agenda…
SBA: Funding Awarded for Veteran Federal Procurement Entrepreneurship Training Program
The U.S. Small Business Administration today announced the awarding of $500,000 in a grant agreement with the Montgomery County Chamber of Commerce Community Foundation’s National Center for the Veteran Institute for Procurement (VIP) to deliver the SBA’s Veteran Federal Procurement Entrepreneurship Training Program. The funding opportunity, offered by SBA’s Office of Veterans Business Development, enables VIP to deliver…
SBA: National Small Business Week Virtual Summit Event Schedule for September 13-15 Announced
The U.S. Small Business Administration’s National Small Business Week Virtual Summit event schedule is set. This annual event, happening September 13-15, 2021, honors the nation’s 31 million small businesses for their perseverance, ingenuity, triumphs, and creativity. SBA Administrator Isabella Casillas Guzman announced National Small Business Week in a news release last month. The free, three-day conference will take place in a…
CFPB: Proposed Rule to Shine New Light on Small Businesses’ Access to Credit
Proposal Would Increase Transparency in a $2.4 Trillion Sector of the American Economy and Bolster Fair Lending The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need and deserve by increasing transparency in the lending marketplace. This rule, mandated by Congress in…