Economic Development

EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Boost Economic Recovery at the Menominee Reservation in Wisconsin

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 Menominee Indian Tribe of Wisconsin, Keshena, Wisconsin, to develop economic recovery strategies that will strengthen, diversify, and add resilience to the regional economy.  “President Biden is committed…

EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Support Small Businesses and the Medical Technology Industry in Michigan

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $1.5 million in CARES Act Recovery Assistance grants to help the state of Michigan prevent, prepare for, and respond to coronavirus. “President Biden is committed to harnessing the full power of the federal government to ensure our…

EDA: $470,000 Invested to Protect Woods Hole Oceanographic Institution from Storms and Support Growth of Cape Cod’s Marine Science Industry

U.S. Secretary of Commerce Gina M. Raimondo today in Woods Hole, Massachusetts, announced that the Department’s Economic Development Administration (EDA) is awarding a $470,000 grant to the Woods Hole Oceanographic Institution to develop a waterfront oceanographic research infrastructure resiliency plan that will help keep the world-renowned research, exploration, and education institution operational in the event…

EDA: $21.2 Million Invested to Support Growth of Tourism Sector 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 $21.2 million grant to the Commonwealth of the Northern Mariana Islands to support growth of the region’s tourism economy. This EDA grant is expected to create 480 jobs. “The travel and tourism industry is vital to…

EDA: $8 Million in CARES Act Recovery Assistance Invested to Support Business Development and Job Creation Efforts in Texas

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $8 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “The Biden Administration is dedicated to creating new opportunities to put Americans back to work as…

EDA: $4 Million in CARES Act Recovery Assistance Invested to Build Operations Center at the Choctaw Nation Emerging Aviation Technology Center in Durant, OK

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million CARES Act Recovery Assistance grant to the Choctaw Nation of Oklahoma, Durant, Oklahoma, to build an operations center at the Choctaw Nation Emerging Aviation Technology Center. “President Biden is committed to supporting Tribal communities…

EDA: $3.1 Million in CARES Act Recovery Assistance Invested to Enhance Healthcare Workforce Training in Sellersburg, IN

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.1 million CARES Act Recovery Assistance grant to Ivy Tech Community College, Indianapolis, Indiana, to support renovations needed to enhance its healthcare workforce training programs. This EDA grant, to be matched with $771,130 in local funds,…

EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Support Remote Workforce Training Efforts in Utah

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to Utah State University, Logan, Utah, to develop their Remote Online Initiative (ROI), which will provide training to position businesses for economic recovery and prepare workers for success in…

EDA: $1 Million in CARES Act Recovery Assistance Invested to Boost Tourism and Hospitality-Related Industries in Illinois

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the Illinois Council of Convention & Visitor Bureaus, Bloomington, Illinois, to create marketing campaigns promoting tourism across the state. This EDA grant will be matched with $250,000 in…

SBA: Statement on the Closure of the Paycheck Protection Program

PPP has provided nearly $800 billion to small businesses and nonprofits across the nation, fueling the economy by supporting over 8.5 million small businesses and nonprofits Today, U.S. Small Business Administrator Isabella Casillas Guzman issued the following statement on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided over $798 billion…