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…
CDFI Fund: $5 Billion in New Markets Tax Credits Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 100 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY)…
EDA: $19.6 Million Invested to Build Disaster Resilient Infrastructure in Support of Business Growth in the Northern Mariana Islands
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $19.6 million grant to the Department of Finance of the Commonwealth of the Northern Mariana Islands to fund construction of disaster-resilient infrastructure needed to ensure continuity of government operations and support business growth. The EDA grant…
EDA: $3.8 Million Invested to Support Airport Expansion and Create Jobs in Middletown, PA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million grant to the Susquehanna Area Regional Airport Authority, Middletown, Pennsylvania, to make roadway access improvements needed to support an expansion project at the Harrisburg International Airport, promoting job creation and economic growth. This EDA…
EDA: $3.4 Million Invested to Support Entrepreneurs and Economic Diversification Efforts in St. Clair County, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to the Economic Development Alliance of St. Clair County, Port Huron, Michigan, to construct an 11,000-square-foot building for use as a small business incubator that will support emerging and second-stage businesses in the…
EDA: $3.2 Million Invested to Support Workforce Expansion and Economic Resiliency in North Carolina
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $3.2 million in the state of North Carolina to make critical infrastructure improvements needed to support current and future business needs. “President Biden is committed to making sure the United States once again leads the world across…