SBA: $5.2 Million in PRIME Grants Awarded to Help Emerging Micro-entrpreneurs Gain Access to Capital
Grants Will Help 27 Organizations Provide Technical Assistance and Training Services to Economically Disadvantaged Businesses in HUB and Opportunity Zones The U.S. Small Business Administration has awarded 27 organizations across the United States a total of $5.2 million under the Program for Investment in Micro-Entrepreneurs (PRIME) grant awards. PRIME supports these nonprofit organizations as they help low-income entrepreneurs get…
EDA: $2.56 Million Invested to Support Economic Development and Disaster Resiliency Efforts in Loudon, TN Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.56 million grant to the city of Loudon, Tennessee, to make infrastructure improvements to allow for expansion of new and existing industries in the region. The EDA grant, to be matched with $640,000 in local investment, is…
EDA: $2.4 Million Invested to Boost Disaster Resiliency Efforts in Cascade Locks, OR Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Cascade Locks, Oregon, to make power supply infrastructure improvements needed to support business growth. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
EDA: $1.7 Million Invested to Support Workforce Development and Entrepreneurial Growth Near Rockport, TX Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Aransas County, Texas, to create a workforce development and entrepreneurship center at Del Mar College in support of skilled job creation and regional economic diversification. The EDA grant, to be located near a Tax…
EDA: $1.5 Million Invested to Support Commercial Redevelopment Project in Jefferson City, MO 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 the city of Jefferson City, Missouri, to support the commercial redevelopment of the historic Missouri State Penitentiary site. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be…
EDA: $1.47 Million Invested to Spur Growth of Innovative Agriculture and Food Manufacturing Businesses Near Geneva, NY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.47 million grant to the Cornell Agriculture and Food Technology Park in Geneva, New York, to support the development and expansion of innovative agriculture and food-related manufacturing businesses in the region. The EDA grant, to be located…
EDA: $1.18 in CARES Act Recovery Assistance Invested to Support Business Growth in West Wendover, NV Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.18 million CARES Act Recovery Assistance grant to the city of West Wendover, Nevada, to develop infrastructure to diversify and strengthen the local economy in response to adverse economic impacts caused by the coronavirus pandemic. The EDA…
EDA: $1 Million Invested to Improve Water Infrastructure in Canton, IL Opportunity Zone
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 city of Canton, Illinois, to make critical water infrastructure improvements needed to support new and existing businesses throughout Fulton County. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity…
EDA: $975,000 Invested to Support Aerospace Industry Training Near West Virginia Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $975,000 grant to Marshall University Research Corporation, Huntington, West Virginia, to launch a new Aircraft Maintenance Technician (AMT) Training Program at the Robert C. Byrd Institute. The project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with…
EDA: $956,858 in CARES Act Recovery Assistance Invested to Support Economic Diversification Efforts in Michigan Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $956,858 CARES Act Recovery Assistance grant to Lake Superior State University, Sault Ste. Marie, Michigan, to purchase lab equipment to build capacity at the Center for Freshwater Research and Education. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone,…