SBA: Financial Assistance Expanded to Native American Communities with Six New Grantees
Agency Announces New Tribal Grant Program, Expansion of Existing Efforts to Support Native American Entrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the creation of the Tribal College Small Business Achievement (TCSBA) grant, a new pilot program to support Native…
SBA: 15 Appointees Announced for New Invention, Innovation and Entrepreneurship Federal Advisory Committee
Group Will Advise SBA on Policy Matters to Foster a Thriving and Equitable Small Business and Startup Innovation Ecosystem Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses and startups in President Biden’s Cabinet, announced the appointment of 15 members to the newly established Invention, Innovation, and Entrepreneurship Advisory…
SBA: Proposed Rule Empowers Returning Citizens to Start and Grow Businesses
Updated regulations would remove barriers to capital for entrepreneurs with certain types of justice involvement Today, the U.S. Small Business Administration (SBA) invited public comment on a proposed rule that would help expand access to SBA loan programs for people with certain criminal history records. These proposed reforms would open up entrepreneurship opportunities to the one in…
EDA: Tech Hubs Competitions Applications Show Nationwide Excitement for Investing in America’s Technological Future
The U.S. Department of Commerce’s Economic Development Administration (EDA), announced the receipt of hundreds of applications for Phase 1 of the Regional Technology and Innovation Hubs (Tech Hubs) competition, a key piece of President Biden’s Investing in America agenda. In total, 48 states and 3 territories submitted Tech Hubs Phase 1 applications. Phase 1 of this competition will designate…
SBA: $8 Million in PRIME Grants Awarded to Help Micro-Entrepreneurs
Grants will help 32 organizations with program development and provide training and technical assistance to improve access to capital for economically disadvantaged microentrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the awardees for the 2023 Program for Investment in…
SBA: Implementation Announced for Transformational SBIC Program Reforms
Reforms of SBA’s Small Business Investment Company Address Gaps in Equity and Debt Financing for Underserved and Undercapitalized Small Businesses Effective August 17 Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) Small Business Investment Company’s (SBIC) Diversification and Growth Final Rule is effective today. Under the new rule, which supports the Biden-Harris Administration’s economic and…
SBA: SBIC Modernization Final Rule Issued to Support Reforms to Transform Public-Private Investment
Small Business Investment Company Program modernization will seed America’s next generation of fund managers while increasing funding for underserved and undercapitalized markets Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA)finalized a rule to modernize the Small Business Investment Company (SBIC) Program. Part of President Biden’s Investing in America Agenda, the SBIC Investment Diversification and Growth Rule will…
SBA: New Entrepreneurship Training Course Introduced for Military Spouses
Today, the U.S. Small Business Administration (SBA) launched a new business training program tailored to military spouses entitled “The Military Spouse Pathway to Business Program.” The program supports the recent White House Executive Order 14100, which strengthens economic opportunity for military and Veteran spouses, caregivers, and survivors. “The Biden-Harris Administration is working hard to create more economic opportunities for military families,…
SBA: 2023 Growth Accelerator Fund Competition Stage One Winners Announced
Opportunity for organizations to partner with Stage One winners in Stage Two for up to $5 million in total additional prizes to strengthen innovation ecosystems nationwide Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) 2023 Growth Accelerator Fund Competition Stage One “Catalyze” winners to fund and build strategic ecosystem partnerships for forty organizations across the…
EDA: First Economic Development District Designated in Puerto Rico
Today, U.S. Deputy Secretary of Commerce and Puerto Rico Economic Growth CoordinatorDon Graves announced that the Department’s Economic Development Administration (EDA) has designated the first regional Economic Development District (EDD) in Puerto Rico, the Southern Puerto Rico Economic Development District (SPREDD). “President Biden is committed to ensuring that no community or demographic group is excluded from…