EDA: $1.5 Million Invested to Repurpose Historic Building in Venango County, PA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Venango County Economic Development Authority of Franklin, Pennsylvania, to renovate the third floor of the historic Oil City National Bank Building for use as a Business Innovation Center. The EDA grant, to be…
HUD: Innovation Housing Showcase and HUD Opportunity Zone Pilot Program Announced
Secretary Carson makes two major announcement at the National Association of Home Builders International Builders’ Show. When speaking at the 2020 National Association of Home Builders International Builders’ Show, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the National Association of Home Builders (NAHB) will co-host the “Innovative Housing Showcase” in…
SBA: Workshops on Applying for Women’s Business Center Grants Set for Feb. 4-5, 2020 in South Carolina
Funding Available to Help Train South Carolina’s Women Entrepreneurs he U.S. Small Business Administration will hold roundtable training sessions in Columbia and Charleston, South Carolina on best practices regarding the Women’s Business Center grant application opportunity. Columbia: Tuesday, Feb. 4 at 10 a.m. ESTBenedict College Business Development Center2601 Read St, Columbia, S.C. 29204Register for Columbia Event Charleston: Wednesday,…
FDIC: Money Smart for Small Business Credit and Banking Modules Updated
Enhanced tools can help banks support small businesses As part of their ongoing commitment to strengthening bank-community partnerships, the Federal Deposit Insurance Corporation (FDIC) and U.S. Small Business Administration (SBA) today released two updates to the popular Money Smart for Small Business curriculum. The updated modules focus on banking and credit, and are now available for banks…
EDA: $3 Million Invested to Equip Biotech Incubator in Irvine, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to The Beall Family Foundation of Newport Beach, California to provide scientific lab equipment for use at the University Lab Partners biotech incubator facility in Irvine. The EDA grant, to be matched with $3…
EDA: Investment Made to Support Business Education in New York
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $800,000 grant to TruFund Financial Services, Inc., of New York, New York to support the Hunts PoinEt Growth and Resiliency Program. The two-year program will provide business education classes and one-on-one counseling led by TruFund staff and subject matter experts. The EDA…
EDA: Investment Made to Support Entrepreneurial and Start-up Growth in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $708,300 grant to New River Gorge Regional Development Authority in Beckley, West Virginia to promote business development, job creation, job retention, and private investment in Southern West Virginia by expanding WV HIVE entrepreneur and business assistance programs. The EDA grant project, to…
Federal Reserve: New Report Assesses Information Presented to Prospective Borrowers on Small Business Online Lender Websites
The Federal Reserve Board on Thursday released Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites, a report that examines the information that prospective small business borrowers encounter when researching and comparing credit products offered by online lenders. Nonbank online lenders are becoming more mainstream alternative providers of financing to small businesses. In…
FFIEC: Federal Banking Agencies Announce Availability of 2018 Small Business, Small Farm, and Community Development Lending Data
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities today announced the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA. The agencies releasing the data are the Board…
EDA: $1.6 Million Invested to Support Business Development and Disaster Efforts in South Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $1.6 million in the state of South Carolina to stimulate private investment and help protect businesses from future severe weather events. The EDA grants, to be matched with $775,148 in state and local funds, are expected to create…