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…
EDA: $2.5 Million Invested to Make Critical Roadway Infrastructure Improvements to Protect from Flooding in Stillwater County, MT
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the County of Stillwater, Montana, to make critical roadway infrastructure improvements needed to keep commerce flowing and support future business growth in the wake of flooding that impacted the county in 2019. The…
HUD: Over $500,000 in CARES Act Funds Awarded to 15 State and Local Fair Housing Organizations
The Department of Housing and Urban Development today announced over half a million dollars in additional funding to HUD Fair Housing Assistance Program (FHAP) agencies in 12 states to support activities related to COVID-19. These awards are part of $1.5 million in Partnership and Special Enforcement Effort funds provided through the Coronavirus Aid, Relief, and…
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: $1.6 Million Invested to Establish Truck Driving Workforce Training Facility in Pensacola, FL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the District Board of Trustees of Pensacola State College, Pensacola, Florida, to help construct a truck driving training facility that will provide up-to-date instruction, simulation, and on-the-road training for students. The EDA grant,…
EDA: $1.2 Million Invested to Establish Aeronautics Workforce Training Center in Minnesota Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to Carlton County, Minnesota, to establish an aeronautics workforce training center to support the region’s emerging aviation industry. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
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: $1.3 Million Invested for Wastewater Treatment Infrastructure in Wartburg, TN
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Wartburg, Tennessee, to install a new wastewater collection system to provide service for the Brushy Mountain Development. The EDA grant, to be matched with $317,858 in local funds, is expected…
EDA: $988,400 Invested to Support Economic Diversification and Business Growth in Northwest New Mexico Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $988,400 grant to Northwest New Mexico Council of Governments (NWNMCOG), Gallup, New Mexico, to support the second phase of the Building Resilient Communities in Northwest New Mexico program, which is helping local governments and tribal entities to diversify their economic base in…
SBA: Minnesota Investment Firm Named Small Business Investment Company of the Year
Spell Capital Mezzanine SBIC Partners II, L.P of Minneapolis, MN, has been named the 2020 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration as part of National Small Business Week. Spell Capital Mezzanine, along with other national winners and finalists for the National Small Business Person of the Year, will be honored…