EDA: $2.6 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Small Business Loan Fund in Five-County Region of New York
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million CARES Act Recovery Assistance grant to Hudson Valley Agribusiness Development Corporation, Hudson, New York, to capitalize and administer a Revolving Loan Fund, providing gap financing to farm and food businesses throughout Columbia, Dutchess, Greene, Orange,…
EDA: $2 Million Invested to Support Medical Center Expansion in Ashland, KY
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Ashland Hospital Corporation, Ashland, Kentucky, to purchase upgraded equipment and support expansion efforts. This EDA grant, to be matched with $500,000 in local investment, is expected to create 250 jobs and generate…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Business Expansion and Growth Efforts in Dahlonega, GA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Lumpkin County Water & Sewerage Authority, Dahlonega, Georgia, to support business expansion and growth efforts, bolstering the region’s ability to withstand future economic disruptions. This EDA grant, to be…
EDA: $1.8 Million Invested to Support Business Retention and Growth in Kailua-Kona, HI
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the Natural Energy Lab of Hawaii (NELHA), Kailua-Kona, Hawaii, to support business retention and growth initiatives at a sustainable technology park. The EDA grant, to be matched with $459,658 in local investment, is…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Boost Workforce Development at Spoon River College in Illinois
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to Spoon River College, Canton, Illinois, to purchase training equipment and renovate the college’s Vocational & Technical Education Center (VOTEC). This EDA grant is expected to create 275 jobs, retain…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Support Trail Improvements and Promote Tourism in Covington, VA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to the County of Alleghany, Covington, Virginia, for trail improvements along the Jackson River and to bolster the local tourism economy. This EDA grant, to be matched with $600,000 in…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Assist Disadvantaged Businesses and Entrepreneurs in Bluefield, WV
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to the Center for Applied Research and Technology (CART), Bluefield, West Virginia, to provide critical gap financing to disadvantaged businesses and entrepreneurs. This EDA grant, to be matched with $273,750…
SBA: Application Data Results Announced for the Restaurant Revitalization Fund
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, today is announcing the latest application data results for the $28.6 billion Restaurant Revitalization Fund (RRF), passed as part of the American Rescue Plan, and signed into law by President Joe Biden. The RRF has received more than 147,000 applications from women, veterans, and socially and…
SBA: 16,000 Restaurant Revitalization Fund Awards Funded
First wave of approved restaurant applicants to receive vital American Rescue Plan funding just one week after the SBA opened for applications Today, the U.S. Small Business Administration will begin delivering economic relief from the Restaurant Revitalization Fund, established by the American Rescue Plan and signed into law by President Joe Biden, to more than 16,000 approved…
EDA: $6 Million in CARES Act Recovery Assistance Invested to Support Business Capital and Resiliency Efforts in New York
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $6 million in CARES Act Recovery Assistance grants to provide critical gap financing and technical support to New York businesses impacted by the coronavirus pandemic. “President Biden is committed to unleashing the full power of the federal government…