Economic Development

SBA: Growth Accelerator Fund Competition to Accelerate Innovation-Driven Ecosystem Building Announced Offering Up to $9 Million in Awards

Entrepreneur Support Organizations Will Compete in Two Stages for $75,000 to $150,000; 2025 Application Opens Jan. 8, 2025 Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses and startups, announced the upcoming launch of the 2025 Growth Accelerator Fund Competition…

EDA: U.S. Economic Development Administration Reauthorized by Congress for First Time in 20 Years

Bipartisan legislation will modernize the EDA and other regional commissions whose mission is to spur economic growth in communities across the country The U.S. Department of Commerce’s Economic Development Administration (EDA) celebrates its historic reauthorization by Congress, allowing it to continue its legacy of promoting American innovation and competitiveness by providing grants and support to communities across…

EDA: $600,000 Invested to Support Small Business Growth in Puerto Rico

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Friends of Puerto Rico in Aguadilla, to support small business growth in the region. This grant will establish a technical assistance program to provide training, education, and access to funding for small businesses impacted by Hurricane Fiona. This EDA…

HUD: More Than $72 Million Awarded to Empower Native American Communities Across the Nation

Funds support community development, affordable housing, infrastructure, and community facilities. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $72.6 million to 38 communities through the Indian Community Development Block Grant (ICDBG) program. These grant funds may be used for infrastructure, community buildings, housing rehabilitation, land acquisition, economic development, and more to support…

CDFI Fund: Public Comments Sought on CDFI Bond Guarantee Program Materials

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…

EDA: $3.3 Million Invested for Water and Wastewater Infrastructure Improvements to Support Industrial Development and Job Growth in Rice Lake, MN

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.3 million grant to the city of Rice Lake, Minnesota, for water and wastewater infrastructure improvements to boost industrial development and job growth in the region. This grant will help establish a new Minnesota Power service center in…

EDA: $700,375 Invested for Utility Infrastructure Improvements to Support Local Businesses in Sweet Home, OR

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,375 grant to the city of Sweet Home, Oregon, for utility infrastructure improvements to serve businesses in the region. This grant will provide for three power generators, providing uninterrupted service and water to businesses in a region recently impacted by winter storms….

SBA: Interagency Task Force to Address Veteran Small Business Development at December 11th Public Meeting

Today, the U.S. Small Business Administration (SBA) announced that the upcoming quarterly meeting for the Interagency Task Force (IATF) on Veterans Small Business Development will be Wednesday, Dec. 11. This meeting is open to the public. “Veterans and military families have an innate persistence that makes them well-suited for entrepreneurship and the Small Business Administration is proud…

SBA: $240,000 Grant Awarded to the National Center for American Indian Enterprise Development

New Native American Trade Expansion Program Pilot Award to Help Expand Exporting Opportunities to Native American-Owned Small Businesses Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for more 34 million small businesses, announced that the National Center for American Indian Enterprise Development(Link is external) (NCAIED) is the first Native American Trade…

EDA: $3.1 Million Invested for Electrical and Wastewater Infrastructure Upgrades to Support Economic Growth in Warren, RI

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the town of Warren, Rhode Island, for electrical and wastewater infrastructure upgrades needed to boost economic growth in the region. This grant will provide for necessary electrical upgrades to the wastewater treatment facility, damaged…