SBA: National Science and Technology Council and SBA Partner to Award $330,000 in Prizes in New Lab to Market Competition
The U.S. Small Business Administration partnered with the National Science and Technology Council’s Lab-to-Market subcommittee to award $330,000 in prizes to the winners of the new Lab-to-Market (L2M) Inclusive Innovation Ecosystem Prize Competition. The L2M prize competition recognizes the most impactful organizations, programs and ideas that support the research and development (R&D) innovation ecosystems, particularly those focused on underrepresented…
FHFA: Foreclosure and REO Eviction Moratoriums Extended Through February 28, 2021
Foreclosure moratorium applies to Enterprise-backed mortgages; eviction moratorium applies to Enterprise-owned properties Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The…
EDA: $2 Million in Grants Awarded to Drive Innovation and Entrepreneurship through Inaugural STEM Talent Challenge
Economic Development Administration’s Program Supports Efforts of Seven Organizations in Seven States WASHINGTON – U.S. Secretary of Commerce Wilbur Ross today announced the seven grant recipients of the Economic Development Administration’s (EDA) STEM Talent Challenge to boost local science, technology, engineering, and math (STEM) talent. The inaugural STEM Talent Challenge funding opportunity kicked off in August 2020 to further build STEM…
EDA: $3.4 Million Invested to Support Manufacturing Growth in Kincheloe, MI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to the Chippewa County Economic Development Corporation, Kincheloe, Michigan, to build a manufacturing facility at Chippewa County Air/Industrial Park and expand an existing railroad spur to serve the facility. The EDA grant will be…
EDA: $2.7 Million in CARES Act Recovery Assistance to Establish Revolving Loan Fund to Serve Businesses in Fresno and San Luis Obispo Counties, California
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million CARES Act Recovery Assistance grant to California Coastal Rural Development Corporation (CCRDC), Salinas, California, to establish and administer a Revolving Loan Fund (RLF) in support of coronavirus-impacted small businesses in Fresno and San Luis Obispo…
EDA: $2.56 Million Invested to Support Economic Development and Disaster Resiliency Efforts in Loudon, TN Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.56 million grant to the city of Loudon, Tennessee, to make infrastructure improvements to allow for expansion of new and existing industries in the region. The EDA grant, to be matched with $640,000 in local investment, is…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Aid Reopening of the Tourism Industry in Colorado
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Colorado Office of Economic Development and International Trade (OEDIT), Denver, Colorado, to support the Restart and Reimagine Colorado Tourism Industry project to aid the reopening of the state’s…
EDA: $2.25 Million Invested to Support Wastewater Infrastructure Planning Efforts in Hawaii County, HI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.25 million grant to Hawaii County, Hawaii, to develop a wastewater collection and treatment infrastructure plan to support new and existing business. “The eruption of the Kīlauea Volcano and the Hurricane Lane severely impacted the Big Island…
EDA: $1.7 Million Invested to Support Workforce Development and Entrepreneurial Growth Near Rockport, TX Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Aransas County, Texas, to create a workforce development and entrepreneurship center at Del Mar College in support of skilled job creation and regional economic diversification. The EDA grant, to be located near a Tax…
EDA: $1.5 Million Invested to Support Implementation of a Small Business Technical Assistance Program at the University of Southern California
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the University of Southern California, Los Angeles, California to develop a technical assistance program in support of small businesses and communities in Southern California. This EDA grant will be matched with $375,022 in local investment. “The EDA is…