Investment

EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Healthcare and Workforce Training at Cossatot Community College in Arkansas

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Cossatot Community College of the University of Arkansas, De Queen, Arkansas, to support a Medical Mobile Unit and create a healthcare simulation lab and telemedicine space at all…

EDA: $2 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Aurora, IL

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Invest Aurora, Aurora, Illinois, to capitalize and administer a Revolving Loan Fund, providing gap financing to small local businesses. This EDA grant, to be matched with $500,000 in…

EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Transportation, Business Development and Tourism in Taos, NM

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the town of Taos, New Mexico, to build critical infrastructure to support the Taos Regional Airport and an adjacent business park. This EDA grant, to be matched with…

EDA: $713,300 Invested to Support Manufacturing and Business Expansion Efforts in Caldwell, TX

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $713,300 grant to the city of Caldwell, Texas, to make critical infrastructure improvements needed to support the growth of manufacturing in the region. This EDA grant, to be matched with $287,860 in local investment, is expected to create 23 jobs, retain 201…

SBA: $150,000 Announced to Fund Women’s Business Center in Tulsa, OK

The U.S. Small Business Administration announced the availability of $150,000 for a new grant opportunity for established and aspiring Women’s Business Center host organizations to provide outcome-oriented business services for women entrepreneurs in Tulsa, Oklahoma. The purpose of this funding opportunity is to provide grant dollars for one nonprofit organization to start a new, community-based Women’s Business…

CDFI Fund: Application Demand for FY 2021 Round of Small Dollar Loan Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2021 round of its Small Dollar Loan Program (SDL Program).  The SDL Program is a new program authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. L….

EDA: $7.6 Million Invested to Upgrade Critical Infrastructure at the Port of MacKenzie, AK

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7.6 million grant to Matanuska-Susitna Borough, Alaska, to fund infrastructure improvements designed to increase the operating efficiency of the Port of MacKenzie. The EDA grant, to be matched with $1.9 million in local investment, is expected…

EDA: $4 Million in CARES Act Recovery Assistance Invested to Support Development of Medical Research and Manufacturing Facility in DeLand, FL

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 Volusia County, Florida, to prepare a 56-acre site adjacent to Daytona Beach International Airport for the development of Project COVID, a medical research, manufacturing and multi-modal distribution facility….

SBA: Up to $300,000 Announced to Fund Women’s Business Centers in Puerto Rico

The U.S. Small Business Administration announced the availability of $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations. When funded, the WBC’s will provide outcome-oriented business services for women entrepreneurs in Puerto Rico. The White House recently held a Working Group meeting that SBA Administrator Isabel Casillas Guzman attended to…

SBA: New Milestone Reached with $7.5 Billion in Shuttered Venue Operators Grants Awarded to over 10,000 Venues

Unique program distributes grants to venues in the nation’s 50 states and several U.S. territories directly impacted by COVID-19 Today, the U.S. Small Business Administration reached a new milestone of successfully awarding over $7.5 billion in Shuttered Venue Operators Grants (SVOGs) to more than 10,000 hard-hit live entertainment small businesses, nonprofits, and venues. The SVOG program is designed to…