EDA: $1.6 Million Invested to Establish Business Incubator in Charleston, WV
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the University of Charleston, Charleston, West Virginia, to establish the Downtown Innovation Hub, a local business incubator. This project will assist small businesses to create new jobs and economic opportunities. This EDA…
EDA: $500,000 Invested to Support Tech-Based Entrepreneurs in Baton Rouge, LA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Research Park Corporation dba Nexus Louisiana, Baton Rouge, Louisiana, to spur tech-based entrepreneurial growth. This EDA investment will allow Nexus Louisiana to increase planning, outreach, and training assistance to tech-based startups through its Ignition Accelerator and Venture Capital Assistance…
EDA: Over $25 in American Rescue Plan Funds Invested
In the last week, the following grants were made under the American Rescue Plan Funds program of the CARES Act Recovery Assistance program: May 24, 2022 – U.S. Department of Commerce Invests $6 Million in American Rescue Plan Funds for Boardwalk Improvements to Support Tourism in Atlantic City, New Jersey May 24, 2022 – U.S. Department of…
SBA: Five New Women’s Business Centers Announced and to be Operated by Minority Serving Institutions
The latest SBA investment triples the number of Women’s Business Centers at HBCUs in support of women entrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the selection of five new Women’s Business Centers (WBC) operated by established Minority Serving…
EDA: Over $50 Million in American Rescue Plan and CARES Act Recovery Assistance Invested
In the last week, the following grants were made under the American Rescue Plan Funds program of the CARES Act Recovery Assistance program: May 19, 2022 – U.S. Department of Commerce Invests $4 Million in American Rescue Plan Funds to Support University-led Healthcare Workforce Training Efforts in Alaska May 17, 2022 – U.S. Department of Commerce Invests…
EDA: $789,724 Invested to Expand an Entrepreneurial Training Program in Charleston, SC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $789,724 grant to Lowcountry Local First, Charleston, South Carolina, to support their Good Growth Program. This project will support an initiative to expand the Good Enterprises entrepreneur training and support program. The project will be matched with $306,087 in state and local…
EDA: $1.4 Million Invested to Support Entrepreneurial Growth in Central Michigan
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to Central Michigan University, Mount Pleasant, Michigan, for renovations to the Central Michigan University Research Corporation incubator and accelerator. This investment will support local entrepreneurs through office renovation and upgrades to provide a…
EDA: Over $49 Million in American Rescue Plan and CARES Act Recovery Assistance Invested
In the last week, the following grants were made under the American Rescue Plan Funds program or the CARES Act Recovery Assistance Program: May 10, 2022 – U.S. Department of Commerce Invests $3.9 Million in American Rescue Plan Funds to Support Business and Job Growth in Texas May 10, 2022 – U.S. Department of Commerce Invests $5…
FDIC: 2022 Bank Small Business Lending Survey Launched
Approximately 2,000 Banks Asked to Detail their Lending Practices Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg and U.S. Census Bureau (Census) Director Robert L. Santos today formally invited approximately 2,000 U.S. banks to participate in a nationally representative online survey about their small business lending practices and volumes. Sponsored by the FDIC…
Census Bureau: 2020 County Business Patterns Now Available
The U.S. Census Bureau today released the 2020 County Business Patterns (CBP). This annual series of statistics provides subnational economic data by industry. These data show detailed annual information on the number of establishments, employment during the week of March 12, and first quarter and annual payroll at the national, state, metropolitan and micropolitan statistical area,…