Economic Development

EDA: $1.4 Million Invested to Advance the Nuclear Technology Industry in the Southeastern United Stated

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to E4 Carolinas, Inc., Charlotte, North Carolina, to support a research and planning project designed to promote the nuclear technology industry and its economic benefits in South Carolina and throughout the Southeast. The…

EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Support Business Expansion and Growth in Cleveland, MS

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 the city of Cleveland, Mississippi, to construct critical water infrastructure needed to accommodate the expansion of a major healthcare manufacturing company and support future business needs. This EDA…

EDA: $1.2 Million in CARES Act Recovery Assistance to Support Entrepreneurs and Increase Economic Resilience in Athens, OH

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 Ohio University, Athens, Ohio, to provide technical assistance for biotech entrepreneurs and modify lab space at its Innovation Center. This EDA grant, to be matched with $304,225 in…

EDA: $960,000 in CARES Act Recovery Assistance Invested to Boost Broadbank Capacity in Western Maryland

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 CARES Act Recovery Assistance grant to the Board of County Commissioners of Garrett County, Oakland, Maryland, to increase access to affordable, reliable, and abundant internet service in western Maryland. This EDA grant, to be matched with $240,000 in state and local…

EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance to Small and Disadvantaged Businesses in Alabama

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., Birmingham, Alabama, to provide coronavirus recovery and resiliency technical assistance to small and historically disadvantaged minority and women-owned businesses throughout the state. This EDA grant will be matched with $187,500 in…

EDA: $750,000 in CARES Act Recovery Assistance Invested to Provide Technical Assistance and Enhance Lending to Small Businesses in Metro Atlanta Area, GA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 CARES Act Recovery Assistance grant to Trufund Financial Services, Inc., New York, New York, to provide training and affordable capital to small businesses impacted by the coronavirus pandemic in the Metro Atlanta area, Georgia. This EDA grant will be matched with…

SBA: $100 Million Community Navigator Pilot Program Launched to Support Underserved Small Businesses

$100 million competitive grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan The U.S. Small Business Administration (SBA) announced today that it is accepting applications for its new Community Navigator Pilot Program. This new initiative, established by the American Rescue Plan, will leverage a community navigator approach to reach our nation’s smallest businesses, with a…

SBA: Veterans Small Business Advisory Committees to Host Virtual Public Meetings on June 2nd and 3rd

The U.S. Small Business Administration’s Interagency Task Force on Veterans Small Business Development (IATF) and Advisory Committee on Veterans Business Affairs (ACVBA) will hold virtual public meetings on June 2 and 3, respectively, via Microsoft Teams. “Each quarter, our advisory committees convene to discuss the challenges faced by the veteran small business community as well as to recommend advice and policy changes for our Agency, Congress, the…

EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Establish Workforce Training Program at Philander Smith College

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million CARES Act Recovery Assistance grant to Philander Smith College, Little Rock, Arkansas, to develop the HBCU Center of Excellence in Digital Education and Rural Workforce Development. This EDA grant, to be matched with $638,420 in…

SBA: Millennium Challenge Corporation and SBA Announce Strategic Collaboration to Advance Emerging Technologies from Small Businesses

The U.S. Small Business Administration and The Millennium Challenge Corporation (MCC) signed a Memorandum of Understanding today to advance emerging technologies and innovations developed through the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs. The SBA/MCC partnership will identify, pilot, and scale innovative technologies to address country-specific needs in sectors such as renewable energy,…