SBA: Supplemental Targeted Advance Launched for Small Businesses Hardest Hit by COVID-19
The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by the economic effects of the COVID-19 pandemic. The…
Census Bureau: 2019 County Business Patterns Now Available
Transportation and Warehousing led all business sectors with the largest rate of employment growth with an increase of 7.5% in the United States from 2018 to 2019, according to new U.S. Census Bureau economic statistics released today. Overall, employment in this sector grew from 5.0 million in 2018 to 5.4 million in 2019. In addition,…
EDA: $5.5 Million in CARES Act Recovery Assistance Invested to Provide Business Capital and Boost Broadband Capacity in Texas
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $5.5 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “President Biden remains steadfast in his support of small businesses as they build back better from the…
EDA: $3.5 Million in CARES Act Recovery Assistance Invested for Infrastructure Improvements and Business Capital Support in New Mexico
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.5 million in CARES Act Recovery Assistance grants to help the state of New Mexico prevent, prepare for, and respond to coronavirus. “President Biden is committed to supporting New Mexico communities as they build back better from the…
HUD: $1.5 Million Awarded to Improve the Main Street in Three Communities
Kit Carson, Colorado, El Cerrito, California, and Stayton, Oregon to each receive a $500,000 grant to expand redevelopment efforts The U.S. Department of Housing and Urban Development (HUD) today awarded $1.5 million to help build affordable housing in Colorado, California, and Oregon. Kit Carson, Colorado will receive a $500,000 grant to redevelop two sites, the…
EDA: $3.3 Million in CARES Act Recovery Assistance Invested to Support Production of PPE and Develop Related Training in Lowell, MA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.3 million CARES Act Recovery Assistance grant to the University of Massachusetts, Lowell, Massachusetts, to continue the production of PPE and to develop related training and curriculum, creating new job and economic opportunities following the pandemic. “President…
EDA: $4.25 Million in CARES Act Recovery Assistance Invested to Support Workforce Development and Business Resiliency in Texas
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $4.25 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to the coronavirus pandemic. “President Biden is committed to creating new opportunities for employers and businesses as they recover…
EDA: $3.9 Million Invested in CARES Act Recovery Assistance to Support Pandemic Response and Resiliency Efforts in Virginia
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.9 million in CARES Act Recovery Assistance grants to help communities and businesses in Virginia respond to the coronavirus pandemic. “President Biden is committed to helping communities grow their critical business clusters to ensure that they not only…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Expand Broadband Capacity in North Carolina
Today, U.S. Secretary of Commerce Gina 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 Wilson, North Carolina, to increase broadband capacity and bolster the region’s ability to withstand future economic disruptions. This EDA grant, to be matched with $300,000 in…
EDA: $1 Million Invested to Improve Access to Barge Port Development in Monona County, IA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the county of Monona, Iowa, to make critical roadway improvements and improve access to the Monona County Barge Port. This EDA project, to be matched with $1.6 million in state and local funds,…