SBA: $3 Million Announced for 60 Growth Accelerator Fund Competition Recipients to Support Startups and STEM Focused Entrepreneurs
The U.S. Small Business Administration today announced 60 winners of SBA’s Growth Accelerator Fund Competition. The recipients, representing accelerators and incubators across 39 states and territories focused on a broad set of industries and sectors, will receive a total of $3 million in awards to support startups and entrepreneurs researching and developing STEM-related innovations. “I am proud…
EDA: $2.35 Invested to Repurpose Former Coal Plant as Multitenant Space for Growing Companies in Berks County, PA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.35 million grant to Recycle the World, Inc., of King of Prussia, Pennsylvania, to help convert a former coal fired power plant to a multitenant building for growing companies in the region. This grant will be matched…
EDA: Investment Made to Support Entrepreneurial Growth in Russell, PA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $860,000 grant to the Pennsylvania Wilds Center for Entrepreneurship Inc., Russell, Pennsylvania, to assist in the creation of the Pennsylvania Wilds Maker Marketplace and virtual retail platform. The grant, to be matched with $277,500 in local investment, is expected to create 75…
SBA: Small Businesses Encouraged to Discover Untapped Workforce Talent
Acting Administrator Pilkerton Hosted Workforce Development Expo Today, SBA Acting Administrator Chris Pilkerton held an expo at Catholic University’s School of Business to connect small businesses with peers who have found success in exploring new pools of workforce talent in their communities. The “Small Business Hiring: Discovering Untapped Talent in the DMV” event brought together innovative businesses…
SBA: Funding Awarded to Organizations Delivering Entrepreneurship Training to Service-Disabled Veterans
The U.S. Small Business Administration this week announced $300,000 in grants has been awarded to four organizations offering entrepreneurship training to service-disabled veterans. The funding opportunity, offered by SBA’s Office of Veterans Business Development, supports each organization’s programs for service-disabled veterans planning to start a new business or expand and diversify existing small businesses. Each awardee was chosen…
EDA: $1.6 Million Invested to Support Business Development in Swainsboro, GA Opportunity Zone
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 Emanuel County Development Authority of Swainsboro, Georgia, to make critical water and sewer system improvements needed to support business growth. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone,…
SBA: America’s Small Businesses Invited to Tell Their Story
The U.S. Small Business Administration is now accepting nominations for its 2020 National Small Business Week Awards, including the annual Small Business Person of the Year. For more than 50 years, National Small Business Week has celebrated the inspiring achievements of America’s small businesses and the countless contributions they make to their local communities, and to…
EDA: $1.5 Million Invested to Establish a Business Center in East Montgomery County, TX
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 the East Montgomery County Improvement District (EMCID) of New Caney, Texas, to construct an office building on its existing industrial park to facilitate job creation and retention. The EDA grant will be matched…
SBA: Learn How to Prepare for Disaster at Upcoming Twitter Chat, Webinar
September is National Preparedness Month. The U.S. Small Business Administration has partnered with the Insurance Institute for Business & Home Safety to help organizations become more aware of their risks in the event of a disaster while also helping them develop business continuity plans to support rebuilding and recovery of operations. Advance preparation is key to protecting your assets…
CDFI Fund: CY 2019 Round of New Markets Tax Credit Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2019 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2019 round….