SBA: Grants Awarded to 24 Organizations to Support Small Business Innovation and R&D Commercialization
The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019 under its Federal and State Technology (FAST) Partnership Program. FAST’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and increase participation for women-owned, rural-based, and…
EDA: $1.25 Million Invested to Expand Missouri State University Business Incubator
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to Missouri State University, Springfield, Missouri, to expand its business incubator located in the Robert W. Plaster Free Enterprise Center. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
EDA: $1.46 Million Invested to Establish Advance Carbon Products Innovation Center in Campbell County, WY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.46 million grant to the Campbell County Economic Development Corporation of Gillette, Wyoming, to help build an Advanced Carbon Products Innovation Center that will spur new business growth in the Powder River Basin region. This EDA grant…
HUD: $5.2 Million Awarded to 23 Public Housing Agencies for Emergency Safety and Security Improvements
The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $5.2 million to 23 Public Housing Authorities (PHAs) in 15 states to make needed improvements to their safety and security systems. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These…
CDFI Fund: Application Demand for FY 2019 Round of BEA Program Released
Over $428 Million in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2019 round of its Bank Enterprise Award Program (BEA Program). A total of 117 applications were…
OCC: Comptroller Visits New York Neighborhoods Supported by the CRA, Discusses Opportunities to Do More
Comptroller of the Currency Joseph Otting today participated in a tour of New York neighborhoods to see firsthand the success of Community Reinvestment Act (CRA) activity and discuss how CRA regulations can promote more lending, investment, and services, where they are needed most. “Here in New York, we saw great examples of community and bank…
HUD: $28 Million Awarded to Clean Up Lead Hazards in Public Housing
Funding to identify and control potentially dangerous lead in thousands of homes with young children The U.S. Department of Housing and Urban Development (HUD) today awarded $27.8 million to 38 Public Housing Agencies (PHAs) in 25 states to identify and reduce lead-based paint hazards in thousands of older public housing units. Provided through HUD’s Public…
EDA: $633,355 Grant Awarded to Support Regional Life Sciences Innovation Cluster in Philadelphia, PA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $633,555 grant to the Ben Franklin Technology Partners of Philadelphia, Pennsylvania, to support the development of a new life sciences regional innovation cluster. This EDA grant, to be matched with $646,712 in local funds, is expected to create 35 jobs. “President Trump…
EDA: $880,000 Invested to Establish a Center for Cyber Security Workforce Training at Rose State College
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $880,000 grant to Rose State College of Midwest City, Oklahoma, to help build a cyber security center that will assist in satisfying industry demand for trained workers. The grant, to be matched with $3 million in local investment, is expected to create…