SBA: $2.7 Million Grant Awarded for Women’s Business Center Resiliency and Recovery Demonstration
SBA Funding to Support WBC Network COVID-19 Program Innovations The U.S. Small Business Administration (SBA), Office of Women’s Business Ownership (OWBO) is accepting applications for the Women’s Business Centers (WBC) Resiliency and Recovery Demonstration Grant. The purpose of this opportunity is to continue or establish innovative projects that aim to improve service delivery, training, and support provided to women-owned businesses…
Federal Reserve: Report Issued on the Economic Well-Being of U.S. Households
in the fourth quarter of 2020, nearly one-fourth of adults said that they were worse off financially compared to a year earlier, reflecting the economic fallout and distress resulting from the global COVID-19 pandemic. The Federal Reserve Board’s report, Economic Well-Being of U.S. Households in 2020, which was released on Monday, found a larger share of adults…
Federal Reserve: Third Extension Announced of Rule to Bolster the Effectiveness of the SBA’s Paycheck Protection Program
The Federal Reserve Board on Friday announced the third extension of a rule to bolster the effectiveness of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Like the earlier extensions, this one will temporarily modify the Board’s rules so that certain bank directors and shareholders can apply to their banks for PPP loans for…
EDA: $4 Million in CARES Act Recovery Assistance Invested to Create Small Business Revolving Loan Fund Across Wyoming
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million CARES Act Recovery Assistance grant to Rural Development Fund, Casper, Wyoming, to capitalize and administer a Revolving Loan Fund (RLF) to provide critical gap financing to small businesses economically impacted by the coronavirus pandemic in…
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 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: $1.5 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…