EDA: $2.4 Million Invested to Build Business Innovation Center to Support Coal Communities in Rosebud County, MT
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the Southeastern Montana Development Corporation, Colstrip, Montana, to help build a Business Innovation Center to support economic and workforce development. This EDA grant, to be matched with $600,000 in local funds, is…
EDA: 50 Recipients of “Build to Scale” Program Announced
Grantee Projects Fuel Innovation and Tech-Based Economic Development to Enhance American Competitiveness on the Global Stage Today, U.S. Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo announced that 50 organizations — including nonprofits, institutions of higher education, state government agencies, and other entrepreneurship-focused organizations — from 26 states will receive grants totaling $36.5…
SBA: $5.4 Million in Prizes Announced to Nearly 100 Awardees to Support Inclusive Entrepreneurship in the Innovation Ecosystem
Today, U.S. Small Business Administration Administrator Isabella Casillas Guzman announced 84 winners for the Growth Accelerator Fund Competition (GAFC) and eight winners for the Small Business Innovation Research (SBIR) Catalyst competition, a new component aimed at spurring investment in underrepresented communities within the innovation economy at scale, receiving a combined total of $5.4 million in awards. This important…
SBA: National Small Business Week Virtual Summit Highlights Resiliency and Recovery
Prominent small business investors, entrepreneurs, and mentors address nearly 50,000 attendees The U.S. Small Business Administration announced today that this year’s National Small Business Week (NSBW) Virtual Summit drew more than 47,000 participants for the three-day virtual summit. Attendees heard from celebrity business owners, investors, entrepreneurs, and lead advisors from across the small business community, and connected with fellow…
FDIC: Three Winning Teams Selected in FDITECH Tech Sprint to Reach the Unbanked
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of three winning teams in a ‘tech sprint’ designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The tech sprint’s evaluation panel selected the following organizations as winners in the following categories: Category Team Name Organizations Creativity Goalsetter…
FDIC: FDITECH Opens Registration for Tech Sprint to Measure and Test Bank Resilience
The Federal Deposit Insurance Corporation (FDIC) today opened the registration period to participate in a tech sprint designed to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions. This tech sprint is intended to be the first of several focused on how to foster stronger resiliency in…
FDIC: New FDITECH Sprint Launched to Measure and Test Bank Operational Resiliency
The Federal Deposit Insurance Corporation (FDIC) today announced a new tech sprint designed to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. This tech sprint is intended to be the first of several focused on how to foster stronger resiliency in banking. Read…
FDIC: FDITECH Selects Eight Teams in Tech Sprint to Reach the Unbanked
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of eight teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The FDIC’s tech lab, FDITECH, launched Breaking Down Barriers: Reaching the Last Mile of the Unbanked on July 6, 2021. This first-of-its-kind…
EDA: U.S. Department of Commerce Launches STEM Talent Challenge to Fuel Nation’s Growing Innovation
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the launch of the Economic Development Administration’s (EDA) STEM Talent Challenge to support programs to train science, technology, engineering, and math (STEM) talent and fuel regional innovation economies across the nation. The $2 million STEM Talent Challenge will provide funding for work-and-learn programs to increase America’s STEM-capable workforce…
SBA: Grants Awarded to 33 Organizations to Help Underserved Communities Succeed with the Small Business Innovation Research Program
The U.S. Small Business Administration issued 33 grant awards up to $125,000 each for specialized training, mentoring, and technical assistance for research and development (R&D)-focused small businesses under the Federal and State Technology (FAST) Partnership Program. FAST seeks to improve outcomes in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs for underserved communities…