SBA: Joint Statement on the Resumption of the Paycheck Protection Program
Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP): “We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for…
EDA: $1.95 Million Invested to Establish Entrepreneurial Center in Johnstown, PA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $1.95 million grant to the Johnstown Regional Development Authority of Johnstown, Pennsylvania, to build a new entrepreneurial center to house growing small businesses. The center will also help persons recovering from opioid addiction reenter the local workforce. The…
Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program
The federal bank regulatory agencies today announced an interim final rule to encourage lending to small businesses through the Small Business Administration’s Paycheck Protection Program, or PPP. The PPP was established by the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, and provides loans to small businesses so that they can keep their…
EDA: $2.5 Million Invested to Establish New Business Incubator in Valdosta, GA Opportunity Zone
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 Valdosta and Lowndes Chamber of Commerce in Valdosta, Georgia to fund the construction of a new business incubator. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will…
EDA: $1.5 Million Invested to Boost Entrepreneurial Development Efforts in Disaster-Impacted Fargo, ND
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the North Dakota State University (NDSU) Research & Technology Park in Fargo, North Dakota, to advance entrepreneurial development efforts. The EDA grant will help NDSU purchase equipment for a newly retrofitted makerspace that…
SBA: Services Expanded for Women Entrepreneurs in West Virginia
Applications accepted through March 23, 2020 The U.S. Small Business Administration is accepting grant applications for a new Women’s Business Center in West Virginia. This expansion of SBA services is part of the agency’s priority to open more doors for women entrepreneurs and increase access to resources in socially and economically disadvantaged communities. “This new grant opportunity…
SBA: Services Expanded for Women Entrepreneurs in South Carolina
The U.S. Small Business Administration (SBA) is accepting grant applications for a new Women’s Business Center in South Carolina. This expansion of SBA services is part of the agency’s priority to open more doors for women entrepreneurs and increase access to resources in socially and economically disadvantaged communities. “This new grant opportunity will empower nonprofit organizations to…
EDA: $1.5 Million Invested to Repurpose Historic Building in Venango County, PA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Venango County Economic Development Authority of Franklin, Pennsylvania, to renovate the third floor of the historic Oil City National Bank Building for use as a Business Innovation Center. The EDA grant, to be…
SBA: Workshops on Applying for Women’s Business Center Grants Set for Feb. 4-5, 2020 in South Carolina
Funding Available to Help Train South Carolina’s Women Entrepreneurs he U.S. Small Business Administration will hold roundtable training sessions in Columbia and Charleston, South Carolina on best practices regarding the Women’s Business Center grant application opportunity. Columbia: Tuesday, Feb. 4 at 10 a.m. ESTBenedict College Business Development Center2601 Read St, Columbia, S.C. 29204Register for Columbia Event Charleston: Wednesday,…
EDA: $3 Million Invested to Equip Biotech Incubator in Irvine, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to The Beall Family Foundation of Newport Beach, California to provide scientific lab equipment for use at the University Lab Partners biotech incubator facility in Irvine. The EDA grant, to be matched with $3…