FEMA: Federal Disaster Assistance Exceeds $656 Million Two Months after Hurricane Michael’s Landfall
Two months after Hurricane Michael raked Northwest Florida with 155 mph winds and devastating storm surge, federal disaster assistance awarded to survivors exceeds $656 million. “The Florida State Emergency Response Team provided a historic response to the strongest hurricane to impact the Panhandle in living memory, completing thousands of missions in support of local response…
EDA: $21 Million Invested to Accelerate Entrepreneurship Across the Nation
U.S. Secretary of Commerce Wilbur Ross today announced that 40 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 28 states and two territories will receive $21 million to create and expand cluster-focused entrepreneurship and technology transfer programs, and early-stage seed fund support under the Economic Development Administration’s (EDA) 2018 Regional…
SBA: Small Business Saturday Kicks-off in Neighborhoods across America
Annual celebration attracts more than 100 million consumers U.S. Small Business Administrator Linda McMahon is encouraging Americans to support local communities by shopping at small businesses on Saturday, November 24. Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday allows consumers to make a tremendous impact in their neighborhoods by supporting a local…
SBA: Report Shows Veteran-Owned Small Businesses Face More Financing Challenges than Non-Veteran Small Businesses
New report presents substantial data on Veteran-Owned companies’ capital access challenges; Cites smaller loan requests, higher credit risk and lack of Information as possible causes WASHINGTON – The Federal Reserve Bank of New York and the U.S. Small Business Administration today issued the report Financing their Future: Veteran Entrepreneurs and Capital Access. The report provides a…
SBA: National Veterans Small Business Week Kicks Off November 5-9
The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 5-9. “National Veterans Small Business Week is another opportunity for us not only to highlight the success of our nation’s 2.5 million veteran-owned businesses, but also to recognize…
SBA: Shawn Pensoneau Appointed to Office of Native American Affairs
Administrator Linda McMahon of the U.S. Small Business Administration announced the appointment of Shawn Pensoneau as the Assistant Administrator for the SBA’s Office of Native American Affairs. In this role, he will oversees the office’s collaboration with American Indians, Alaska Natives and Native Hawaiians who seek to create, develop and expand small businesses and ensure…
SBA: Small Business Lending Momentum Continues in FY18
SBA FY18 total loan volume reaches more than $30 billion with more than 72,000 approved loans The U.S. Small Business Administration announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. “We are providing tools, resources and access to capital for America’s…
EDA: $6.7 Million Invested to Support Local Business Development and Job Growth Efforts in West Virginia
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $6.7 million in grants to the State of West Virginia to support local business development and job growth efforts. According to grantee estimates, the projects are expected to create or retain more than 1,430 jobs, while generating $35…
SBA: Contributions of Women Entrepreneurs Recognized during National Women’s Small Business Month
The U.S. Small Business Administration is recognizing National Women’s Small Business Month and the countless women small business owners who have pursued their passion and taken the leap into entrepreneurship. Women are a driving force in the nation’s economy, starting most new businesses. They own 9.9 million companies that employ more than eight million people…