Economic Development

EDA: $1.3 Million Invested to Create Biotech Labs in the University of New Orleans Research and Technology Park

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 New Orleans Business Alliance, New Orleans, Louisiana, to support the development of wet lab space and a clean room as a key component of the Information Technology Center at the University…

EDA: $864,550 Invested to Improve Rail Facilities to Support Business Growth in New Boston, TX

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $864,550 grant to TexAmericas Center, New Boston, Texas, to construct new rail facilities and refurbish those currently in operation at the mixed use economic development site. This EDA grant, to be matched with $216,138 in local investment, is expected to create 157…

EDA: $604,405 Invested to Support Business Recovery and Growth Through International Trade in Denver, CO

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $604,405 grant to Rocky Mountain World Trade Center Institute, Denver, Colorado, to provide technical assistance, planning, and coaching for Colorado small- and medium-sized businesses to increase international sales, job creation, and job retention. This EDA grant will be matched with $604,405 in…

SBA: National SBIR Week Scheduled to Connect Technology Innovators & Entrepreneurs with Research Funding

 The U.S. Small Business Administration will host 2021 National SBIR Week on July 19 through July 23 for small business innovators.  The virtual event will connect entrepreneurs working on advanced technology to the country’s largest source of early-stage funding – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.  The SBA Administrator Isabella Casillas Guzman will…

SBA: Closure of Restaurant Revitalization Fund Program Announced

Over 100k restaurants were awarded $28.6 billion; Average award was $283K Today, U.S. Small Business Administration Administrator Isabel Guzman announces the closure of the Restaurant Revitalization Fund (RRF) program, signed into law by President Joe Biden as part of the American Rescue Plan. The program provided much needed economic aid to restaurants and other establishments struggling to make…

SBA: Humboldt State University Awarded $258,000 to Launch a Veterans Business Outreach Center

 The U.S. Small Business Administration awarded over $258,000 in funding to Humboldt State University to provide training and counseling as a Veterans Business Outreach Center (VBOC) serving veteran small business owners in Northern California (to include all counties north of Santa Barbara, Ventura, Los Angeles, and San Bernardino counties). The funding opportunity, offered by SBA’s Office of…

SBA: Extension of $100 Million Grant “Community Navigator Pilot” Program Proposals to July 23, 2021 Announced

Grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan Today, the U.S. Small Business Administration  announced the extended application date for its new Community Navigator Pilot Program. SBA will now accept proposal submissions through July 23, 2021, and anticipates making award decisions by September 2021. This new initiative, established…

EDA: $3.2 Million in CARES Act Recovery Assistance Invested to Support Business Development and Job Creation Efforts in California

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.2 million in CARES Act Recovery Assistance grants to help the state of California prevent, prepare for, and respond to coronavirus. “President Biden is committed to empowering communities to build back stronger after the economic disruptions of…

EDA: $2.8 Million Invested to Expand Workforce Training Programs in Starke County, IN

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to Starke County Initiative for Lifelong Learning, Inc. (SCILL), Knox, Indiana, to construct a 12,000-square-foot workforce training center for precision welding, automation, robotics, and equipment maintenance programs. This EDA project, to be matched…

EDA: $2.2 Million Invested to Replace Critical Infrastructure and Support Job Creation in West Plains, MO

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the city of West Plains, Missouri, to make critical railroad infrastructure improvements to support job creation and economic resiliency efforts. This EDA project, to be matched with $3.9 million in other federal,…