EDA: $500,000 Invested to Support Workforce Training Efforts in Mobile, AL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Alabama Aviation Education Center, Inc., of Mobile, Alabama, which is located in a Tax Cuts and Jobs Act designated Opportunity Zone, to support development of the new Flight Works Alabama Aviation Education Center. “President Trump is committed to helping…
SBA: New Regional Innovation Cluster Awards to Advance Small Business Growth Announced
The U.S. Small Business Administration (SBA) announced the addition of seven new clusters to the portfolio of communities it supports through the Regional Innovation Clusters initiative. Regional Innovation Clusters are geographically-concentrated groups of interconnected businesses, suppliers, service providers and related institutions in an industry that drive innovation, job creation and help grow the economy. “The…
FHFA: Dr. Mark Calabria Sworn in as Director of the Federal Housing Finance Agency
In an Agency ceremony, Dr. Mark A. Calabria was sworn in today to a five-year term as the second Senate-confirmed Director of the Federal Housing Finance Agency (FHFA). Dr. Calabria was appointed to head the Agency by President Donald J. Trump. FHFA was created by the Housing and Economic Recovery Act (HERA) of 2008 to…
EDA: $2.5 Million Invested to Support Life Sciences-Focused Business Growth in Riverside, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the University of California-Riverside, which is located in a Tax Cuts and Jobs Act designated Opportunity Zone, to acquire equipment for use in a life sciences industry business incubator. “President Trump is working…
EDA: $800,000 Invested to Support Business Growth in Natural Disaster-Impacted Santa Rosa, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Sonoma County Economic Development Board Foundation (SCEDBF) of Santa Rosa, California, to capitalize a Revolving Loan Fund (RLF) that will support business growth and resiliency in the wake of recent natural disasters. According to grantee estimates, the project…
HUD: Request for Information on Maximizing the Positive Impact of Opportunity Zones Announced
he U.S. Department of Housing and Urban Development (HUD) today announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. This RFI will allow the public to share existing knowledge and provide recommendations to…
ABA: Bankers Celebrate 22 Years of Teach Children to Save
April 12 marks Teach Children to Save Day, volunteers to reach estimated 330,700 students More than 9,850 bankers will host financial education events across the country in celebration of Teach Children to Save Day this year. Since 1997, the ABA Foundation’s financial education initiatives have reached 10.5 million young people with the help of more than 260,000…
SBA: National Small Business Week Hosts Second Annual Virtual Conference on May 5 to May 7
As part of the National Small Business Week (NSBW), the U.S. Small Business Administration and SCORE, mentors to America’s small businesses, will cohost the second annual NSBW Virtual Conference from May 7 – 8, 2019. The conference will include educational webinars presented by NSBW Cosponsors, virtual exhibit booths, and a networking room where business owners have an opportunity to connect…
EDA: $2.5 Million Invested to Protect Businesses from Flooding in Dubuque, IA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the city of Dubuque, Iowa, to help protect local businesses from flooding by replacing existing flood gates and pumps. According to grantee estimates, the project is expected to create 152 jobs, retain 436…
EDA: $2 Million Invested to Repurpose an Existing Commercial Facility to Support Growing Industries in West Frankfort, IL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of West Frankfort, Illinois, to repurpose the West Frankfort Mall to serve growing industries. According to grantee estimates, the project is expected to create 218 jobs, retain 208 and generate $1.5…