EDA: Investment Made to Support Entrepreneurial and Start-up Growth in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $708,300 grant to New River Gorge Regional Development Authority in Beckley, West Virginia to promote business development, job creation, job retention, and private investment in Southern West Virginia by expanding WV HIVE entrepreneur and business assistance programs. The EDA grant project, to…
Federal Reserve: New Report Assesses Information Presented to Prospective Borrowers on Small Business Online Lender Websites
The Federal Reserve Board on Thursday released Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites, a report that examines the information that prospective small business borrowers encounter when researching and comparing credit products offered by online lenders. Nonbank online lenders are becoming more mainstream alternative providers of financing to small businesses. In…
EDA: $1.6 Million Invested to Establish Business Revolving Loan Fund in Youngstown, OH
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 Mahoning Valley Economic Development Corporation (MVEDC) of Youngstown, Ohio, to establish a new Revolving Loan Fund (RLF) in support of small businesses and entrepreneurs. The EDA grant, to be located near a Tax…
EDA: Grant Awarded to Support Entrepreneurial Development in Utah
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $718,968 grant to Weber State University in Ogden, Utah, to help develop a new training program for the Ogden-Clearfield Launchpad entrepreneurship center (Center). The Center provides critical resources for early-stage entrepreneurs as they move through the startup life cycle. The EDA grant…
SBA: New Initiative Assists Veterans Transitioning to Civilian Life, Entrepreneurs, Small Business Owners
As National Veterans Small Business Week came to a close, three Atlantic Region federal agencies are carrying on its mission with a new initiative to assist both Veterans transitioning to civilian life as well as their families through entrepreneurship and small business ownership. The U.S. Small Business Administration (SBA), U.S. General Services Administration (GSA) and…
SBA: 2020 National Small Business Week Award Nomination Period Now Open
The U.S. Small Business Administration is now accepting nominations for its 2020 National Small Business Week Awards. Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week (NSBW), which recognizes the critical contributions of America’s entrepreneurs and small business owners. As part of the NSBW, the…
EDA: $1 Million Grant Awarded to Help Build Maker Space for Native American Entrepreneurs in New Mexico
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Indian Pueblo Cultural Center (IPCC) of Albuquerque, New Mexico, to build a maker space . This grant will be matched with $1 million in state investment. “Supporting entrepreneurship, the backbone of the…
SBA: $3 Million Announced for 60 Growth Accelerator Fund Competition Recipients to Support Startups and STEM Focused Entrepreneurs
The U.S. Small Business Administration today announced 60 winners of SBA’s Growth Accelerator Fund Competition. The recipients, representing accelerators and incubators across 39 states and territories focused on a broad set of industries and sectors, will receive a total of $3 million in awards to support startups and entrepreneurs researching and developing STEM-related innovations. “I am proud…
EDA: $2 Million Invested to Boost Manufacturing and Entrepreneurial Development in Clearfield, PA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Clearfield County Economic Development Corporation to help construct a new facility that can accommodate manufacturing and entrepreneurial tenants. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will…
EDA: $900k Grant Awarded to Support Advanced Manufacturing Businesses in Brownsville, TX Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $900,000 grant to the Brownsville Community Improvement Corporation of Brownsville, Texas, to establish a state-of-the-art center that will help nurture the growth of technology-based entrepreneurial ventures. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with…