EDA: $10.2 Million Invested to Establish High-Tech Business Incubator at the Innovation Park in Tallahassee, FL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $10.2 million grant to the Leon County Research and Development Authority, Tallahassee, Florida, to build a 40,000 square-foot, high-tech business incubator within the Innovation Park of Tallahassee to aid in the formation and expansion of technology businesses,…
EDA: $1.3 Million Invested for Wastewater Treatment Infrastructure in Wartburg, TN
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Wartburg, Tennessee, to install a new wastewater collection system to provide service for the Brushy Mountain Development. The EDA grant, to be matched with $317,858 in local funds, is expected…
EDA: $988,400 Invested to Support Economic Diversification and Business Growth in Northwest New Mexico Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $988,400 grant to Northwest New Mexico Council of Governments (NWNMCOG), Gallup, New Mexico, to support the second phase of the Building Resilient Communities in Northwest New Mexico program, which is helping local governments and tribal entities to diversify their economic base in…
SBA: Minnesota Investment Firm Named Small Business Investment Company of the Year
Spell Capital Mezzanine SBIC Partners II, L.P of Minneapolis, MN, has been named the 2020 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration as part of National Small Business Week. Spell Capital Mezzanine, along with other national winners and finalists for the National Small Business Person of the Year, will be honored…
EDA: $35 Million Invested to Fuel High-Growth Entrepreneurship Across America
Economic Development Administration’s Build to Scale Program Supports Efforts of 52 Organizations in 36 States U.S. Secretary of Commerce Wilbur Ross today announced that 52 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 36 states will receive grants totaling $35 million to support entrepreneurship, acceleration of company growth, and increased…
EDA: $2.9 Million Invested to Boost Business Growth Near Opportunity Zone in Marshalltown, IA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million grant to the city of Marshalltown, Iowa, to make infrastructure improvements needed to support industrial development. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $1.4 million…
EDA: $518,400 Invested to Protect Businesses from Flooding in Iowa Falls, IA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $518,400 grant to the city of Iowa Falls, Iowa, to flood-proof the public water supply and wastewater treatment facility to protect businesses from flooding. The EDA grant, to be matched with $129,600 in local investment, is expected to retain 75 jobs and…
CDFI Fund: $25.2 Million Awarded to Banks that Increased Investments in Severely Distressed Communities
Recipients Collectively Increased Lending and Services to Nation’s Most Distressed Areas by $455 million Washington, DC – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today nearly $25.2 million in awards to 138 FDIC-insured banks, through the fiscal year (FY) 2020 round of the Bank Enterprise Award Program (BEA Program),…
EDA: $3 Million Invested to Boost Manufacturing Growth in Mission, TX
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 Mission Economic Development Corporation, Mission, Texas, to make critical infrastructure improvements needed to advance economic growth in the Shary Village Industrial Park and improve the area’s resilience against future natural disasters. The…
EDA: Over $53 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: September 11, 2020 – U.S. Department of Commerce Invests $68,250 in CARES Act Recovery Funds to Support Entrepreneurial Growth Efforts in West Michigan…