Economic Development

SBA: National Small Business Week Kicks Off in Washington, DC on April 29th

Administrator Linda McMahon, the head of the U.S. Small Business Administration, will be the keynote speaker to kick off the first leg of the 2018 National Small Business Week events in Washington, D.C. on April  29-30.  Small business entrepreneurs, industry leaders and other award winners from around the country will converge on D.C. to receive…

Census Bureau: 2016 County Business Patterns Shows Overall Growth in Employment

Construction led all sections in the largest rate of employment growth with an increase of 5.0 percent from 2015 to 2016, according to new U.S. Census Bureau economic statistics released today. Overall, construction employment grew from 6.0 million in 2015 to 6.3 million in 2016. In addition, annual payroll in Construction (NAICS 23) grew 6.5…

SBA: CDC Small Business Finance Wins SBA’s 2018 Jody C. Raskind Award

The Certified Development Company (CDC) Small Business Finance, a California-based SBA 504 CDC Lender, Community Advantage Lender and Microloan Intermediary, has been selected as this year’s Jody C. Raskind Award recipient.  This recognition is presented annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in helping small businesses start,…

Federal Reserve: Application Period Open for Community Advisory Council Membership

The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board’s other advisory councils whose members represent…

HUD: $1.6 Billion Awarded to Help the U.S. Virgin Islands to Recover from Hurricanes Irma and Maria

Disaster recovery funds to help repair damaged homes, businesses and infrastructure WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded $1.6 billion to support long-term disaster recovery in the U.S. Virgin Islands following Hurricanes Irma and Maria. These funds are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR)…

HUD: $28 Billion Awarded to Help Hard-Hit Disaster Areas in Nine States, Puerto Rico and U.S. Virgin Islands

Disaster recovery funds to help repair damaged housing, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $28 billion to support long-term disaster recovery in hard-hit areas in nine states, Puerto Rico and the U.S. Virgin Islands. These funds are provided through HUD’s Community Development Block Grant – Disaster…

SBA: National Small Business Week 2018 to Feature First-Ever Virtual Conference

Conference will feature webinars, mentoring sessions and business resources   As part of National Small Business Week, April 29 – May 5, the U.S. Small Business Administration and SCORE, mentors to America’s small businesses, will host the first- ever National Small Business Week Virtual Conference. The conference will include educational webinars, mentoring sessions and business resources. National Small…

SBA: National Small Business Week 2018 to Kick-Off in Nation’s Capital on April 29th

Leading organizations join forces with SBA to make the week possible National Small Business Week 2018 kicks off at the end of this month with an awards ceremony in Washington, D.C. where national award winners including the naming of this year’s national Small Business Person of the Year will be recognized and awarded for their…

SBA: Small Business SBA 504 Loans Now Available with 25-Year Maturity

SBA Administrator Linda McMahon has announced that the U.S. Small Business Administration is offering a 504 Loan and the Debenture that funds it with a 25-year maturity. This new 25 year Debenture will be made available for 504 Projects that are approved on or after April 2, 2018. The new 504 Loan term complements the…