EDA: $1.5 Million Invested to Help Make Infrastructure Improvements to Support Business Growth in Arkansas
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $1.5 million in grants to the State of Arkansas to help provide the critical infrastructure needed to support business expansion and growth. “The Trump Administration is laying the foundation for solid, long-term economic growth in communities across the…
HUD: $1.5 Billion Disaster Recovery Grant Agreement for Puerto Rico Signed
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria. The signing…
EDA: $738,100 Invested to Support Manufacturing in Indiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $738,100 grant to the Flagship Enterprise Center of Anderson, Indiana, to expand the Flagship Manufacturing Center and provide a boon to businesses in the region. According to grantee estimates, the project is expected to create or retain more than 125 jobs and…
EDA: $600,000 Invested to Help Small Businesses in the Houston-Galveston Area in Wake of Hurricane Harvey
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Hidden Star Resources to help fuel new development and provide support to existing small businesses recovering from the effects of Hurricane Harvey. “We commend Hidden Star Resources for their efforts to provide support to small businesses after the destruction…
SBA: Disaster Assistance Available for Residents of North Carolina Affected by Hurricane Florence
SBA Administrator Linda McMahon issued the following statement after the announcement of the Presidential disaster declaration for several counties in North Carolina affected by Hurricane Florence beginning Sept. 7, 2018 and continuing: “The U.S. Small Business Administration is strongly committed to providing North Carolina residents with the most effective response possible to assist businesses, homeowners…
SBA: Business Recovery Center Opened in Greenville, North Carolina
The U.S. Small Business Administration (SBA) announced the opening of a Business Recovery Center (BRC) in Greenville, North Carolina on Sept. 18, to help businesses impacted by Hurricane Florence. SBA representatives at the Center can provide information about disaster loans, answer questions and assist businesses in completing the SBA application. The Center is located as…
EDA: $750,000 Invested to Build a Business Incubator in Hinesville, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the City of Hinesville Development Authority of Hinesville, Georgia, to help construct a business incubator, supporting the community’s growth and development. “We commend the City of Hinesville for creating new opportunities for the community to grow and thrive,” said…
EDA: $616,758 Invested to Support Entrepreneurs and Small Businesses in Bedford County, PA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $616,758 grant to the Bedford County Chamber Foundation of Alum Bank, Pennsylvania, to renovate and repurpose a historic building to serve entrepreneurs, businesses, non-profits, and students from the region. According to grantee estimates, the project is expected to create 30 new jobs….
EDA: $32 Million Invested to Help Florida Businesses and Communities Rebuild in Wake of Hurricane Irma
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $32 million grant to the Florida Department of Economic Opportunity to fund the state’s Revolving Loan Fund (RLF) program, which, in turn will help businesses rebuild following the destruction caused Hurricane Irma. “The Trump Administration has always…
SBA: Decrease in Surety Bond Guarantee Fees Announced
The U.S. Small Business Administration announces the first fee decrease in Surety Bond Guarantees in 12 years. The fee decrease will be in effect for guaranteed bonds approved during fiscal year 2019, taking effect October 1, 2018 and ending September 30, 2019. The Surety Bond Guarantee (SBG) program is reducing the Surety fee from 26…