Economic Development

SBA: 14 New Awards Announced for Regional Innovation Cluster Network to Drive Nationwide Small Business Growth, Job Creation and Innovation

Awardees Will Serve as Hubs for Local Economies in BioTech, Cybersecurity, Smart Manufacturing, and Agriculture 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, announced the expansion of the SBA’s Regional Innovation Cluster (RIC) network with 14 new awards. These awards aim…

EDA: Additional $5 Million Invested to Support Indigenous Communities through Existing Public Works and Economic Adjustment Assistance Funding Opportunities

 Today, the U.S. Economic Development Administration (EDA) announced an update to the FY 2023 EDA Public Works and Economic Adjustment Assistance Program (PWEAA) funding opportunity, including an addendum to provide $5 million for indigenous communities.  The additional funding expands on the transformational work of the American Rescue Plan Act’s (ARPA) Assistance to Indigenous Communities (AIC) program and EDA’s…

SBA: 11th Annual National Veterans Small Business Week Scheduled for November 11th through 15th

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, announced that the SBA will celebrate National Veterans Small Business Week (NVSBW) from Nov. 11 to Nov. 15. The 11th annual weeklong celebration will offer both in-person and virtual events across the…

SBA: Final Rule Issued to Lower Costs for Small Businesses

After Interest Rate Cuts Generate Automatic Savings for Hundreds of Thousands of SBA Borrowers, 504 Program Changes Will Lower Costs Further for More 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 America’s more than 34 million small businesses, announced a new rule that…

EDA: $15.7 Million Invested to Boost Workforce Development and Make Infrastructure Improvements in Florida

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $15.7 million in the state of Florida to boost workforce development efforts and make infrastructure improvements to bolster economic opportunity in the region. The EDA investments announced today are: “The Biden-Harris Administration’s Investing in America Agenda is ensuring that…

EDA: $9 Million Invested to Support the Automotive Manufacturing Sector and Promote Small Business Development in Kentucky

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $9 million in the state of Kentucky to boost the automotive manufacturing sector and promote small business development in the region. The EDA investments announced today are: “The Biden-Harris Administration’s Investing in America agenda is ensuring that all communities…

EDA: $5.3 Million Invested for Building Renovations to Support Workforce Development in Tennessee

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $5.3 million in the state of Tennessee for water infrastructure improvements needed to boost business expansion and job creation in the region. The EDA investments announced today are: “The Biden-Harris Administration’s Investing in America Agenda is ensuring that all…

EDA: $4.7 Million Invested to Boost Workforce Development and Business Expansion Efforts in Kentucky

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $4.7 million in the state of Kentucky to support workforce development and business expansion in the region. The EDA investments announced today are: “The Biden-Harris Administration’s Investing in America Agenda is ensuring that all communities have the resources and…

EDA: $3.9 Million Invested to Improve the Riverfront in Bismarck, ND

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.9 million grant to the Northern Plains Heritage Foundation in Bismarck, North Dakota, for infrastructure improvements to support Bismark’s Riverfront Master Plan. This grant will make infrastructure improvements needed to develop Bismark Riverfront Park and Festival Grounds to…

EDA: $3.6 Million Invested for Water Infrastructure Improvements to Support Manufacturing Growth in Harbor Beach, MI

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.6 million grant to the city of Harbor Beach, Michigan, for water infrastructure improvements to boost manufacturing growth in the region. This grant will construct a higher capacity watermain to serve the regional water system and large industrial…