EDA: Investment Made to Support Business Development at Blue Lake Rancheria in California
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in a business incubator that will facilitate $3.15 million in private investment and create at least 34 new jobs at Blue Lake Rancheria in California. “The Trump Administration is continuing to work diligently to help rebuild communities devastated…
EDA: $1.6 Million Invested to Protect Manufacturers from Future Flood Events in Harrison, AK
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the city of Harrison, Arkansas, to limit the impact of future flood events on local manufacturing facilities by widening Goblin Drive. According to grantee estimates, the project is expected to create 150 jobs,…
EDA: $1.6 Million Invested to Support Critical Infrastructure Improvements in Brunson, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to Lowcountry Regional Water System in South Carolina, to help rehabilitate the Town of Brunson’s sewer system. The grant will be matched with $726,000 in local funds. “Antiquated infrastructure has stunted economic growth in…
EDA: Investment Made to Help Protect Businesses from Flooding in Lake City, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in critical water infrastructure upgrades needed to protect local businesses from future flood events in Lake City, South Carolina, an investment which will be matched with $449,632 in local funds. This investment will support a Tax Cuts and…
EDA: Investment Made to Help the Native Village of Napaimute Boost Commercial Activity in the Wood Products Sector
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing to help the Native Village of Napaimute, Alaska, acquire vital equipment needed to spur economic growth in the wood products sector. “Supporting locally-devised strategies to boost economic opportunity is a major focus of the Trump Administration,” said U.S. Assistant Secretary…
EDA: Investment Made to Support Small Business Growth in Disaster-Impacted Northern California
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing $800,000 to help establish a Revolving Loan Fund (RLF) in disaster-impacted Mendocino, California, which will be matched by $200,000 in local funds. The investment will attract $250,000 in private investment and create or save at least 20 jobs. “American communities…
SBA: National Small Business Week to Kick Off with Hackathon in Partnership with Visa
Participants to create disaster recovery solutions & compete for $60k prize pool The U.S. Small Business Administration and Visa will host a National Small Business Week Hackathon at the Inclusive Innovation Incubator in Washington, D.C. May 3-5. App developers, business owners and idea generators will face the challenge of mashing up application programming interfaces (APIs)…
HUD: White House and HUD Publish Opportunity Zone Implementation Plan
The White House Opportunity and Revitalization Council (“Council”) today published its Implementation Plan, outlining to President Donald J. Trump a detailed work plan for how the Council—chaired by U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson—will accomplish the goals specified in Executive Order 13583 of December 12, 2018. The Implementation Plan explains…
EDA: $2.2 Million Invested to Make Critical Infrastructure Upgrades in South Sioux City, NE
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the city of South Sioux City, Nebraska, to construct a 2.5 million-gallon water storage tank to be used by the expanding Roth Industrial Park. According to grantee estimates, the project is expected to…
EDA: $712,000 Invested to Make Critical Infrastructure Improvements Needed to Serve Business Community in Monticello, KY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $712,000 grant to the city of Monticello, Kentucky, to construct sewer infrastructure needed to serve existing businesses and attract new businesses to the region. According to grantee estimates, the project is expected to retain 505 jobs and generate $9.5 million in private…