EDA: U.S. Department of Commerce Launches $25 Million SPRINT Challenge to Address Coronovirus Pandemic Through Entrepreneurship and Innovation
Today, U.S. Secretary of Commerce Wilbur Ross announced the opening of the Economic Development Administration’s (EDA) new Scaling Pandemic Resilience Through Innovation and Technology (SPRINT) Challenge, which will enable organizations across the country to address the economic, health, and safety risks caused by the coronavirus pandemic through entrepreneurship and innovation. The SPRINT Challenge is a…
EDA: $2 Million Invested to Construct Business Incubator to Support Entrepreneurial Development in Laurinburg, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Scotland County Economic Development Corporation, Laurinburg, North Carolina, to construct a new business incubator to provide workspace for startup companies and expanding industries. The EDA grant, to be matched with more than…
EDA: $732,080 Invested to Renovate Historic Building to Support Entrepreneurial and Start-up Growth in Vincennes, IN Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $732,080 grant to the city of Vincennes, Indiana, to renovate the historic Pantheon Theatre and convert it into a shared coworking, training, and meeting space to support entrepreneurs and small business growth. The project, to be located in a Tax Cuts and Jobs…
SBA: Timothy Porter of Appddiction Studio, LLC of Texas Named 2020 Small Business Person of the Year
Logistics and Transportation Entrepreneur from Florida also recognized by SBA as Runner-up Today, the U.S. Small Business Administration recognized this year’s Small Business Person of the Year, Timothy Porter of Appddiction Studio, LLC, of Texas, during the 2020 National Small Business Week virtual ceremony. “It is my honor to announce Timothy Porter of Appddiction Studio, LLC, is this year’s national Small Business…
SBA: $5.5 Million in PRIME Grants Awarded to Help Emerging Micro-Entrepreneurs Gain Access to Capital
Grant Awardees Include 23 Provider Organizations Located in Opportunity Zones Thirty organizations across the United States that assist disadvantaged entrepreneurs are set to receive nearly $5.5 million in grants from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs (PRIME). These nonprofit organizations help low-income entrepreneurs gain access to capital to establish and expand their small…
SBA: President Trump Proclaims National Small Business Week September 20-26
The U.S. Small Business Administration’s 2020 National Small Business Week celebrations officially commence this week with a virtual three-day award ceremony recognizing national award winners from across the country and U.S. territories for their significant accomplishments. The three-day award ceremony will commence Tuesday, September 22, with SBA Administrator Jovita Carranza announcing the 2020 National Small Business Person of the Year. Hosted…
SBA: $3 Million in Grants to Organizations Supporting Small Business Innovation and R&D Commercialization Awarded
The U.S. Small Business Administration granted 24 awards up to $125,000 each for specialized training, mentoring, and technical assistance for R&D-focused small businesses under the Federal and State Technology (FAST) Partnership Program administered by the SBA’s Office of Innovation and Technology. FAST seeks to improve outcomes in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)…
EDA: $10.2 Million Invested to Establish High-Tech Business Incubator at the Innovation Park in Tallahassee, FL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $10.2 million grant to the Leon County Research and Development Authority, Tallahassee, Florida, to build a 40,000 square-foot, high-tech business incubator within the Innovation Park of Tallahassee to aid in the formation and expansion of technology businesses,…
EDA: $35 Million Invested to Fuel High-Growth Entrepreneurship Across America
Economic Development Administration’s Build to Scale Program Supports Efforts of 52 Organizations in 36 States U.S. Secretary of Commerce Wilbur Ross today announced that 52 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 36 states will receive grants totaling $35 million to support entrepreneurship, acceleration of company growth, and increased…
EDA: Over $53 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: September 11, 2020 – U.S. Department of Commerce Invests $68,250 in CARES Act Recovery Funds to Support Entrepreneurial Growth Efforts in West Michigan…