EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Support Business Park Improvements in Bowie, TX
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to the Bowie Economic Development Corporation, Bowie, Texas, to undertake infrastructure improvements and construct a spec building at the Bowie Business Park. This EDA grant, to be matched with…
EDA: $600,000 Invested to Create a Personal Protective Equipment Laboratory in Conover, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the city of Conover, North Carolina, to purchase critical supplies in support of a new personal protective equipment (PPE) laboratory. This EDA grant, to be matched with $150,000 in local investment, is expected to create 82 jobs and generate…
FDIC: Second Annual Academic Challenge Launched Focusing on the Impacts of COVID-19 on the Banking Sector
The Federal Deposit Insurance Corporation (FDIC) today announced the launch of the agency’s Second Annual Academic Challenge, a competition among teams of university and college students to address questions concerning the U.S. banking sector. The topic for this year’s challenge is “The Impacts of COVID-19 on the Banking Sector.” FDIC Chairman Jelena McWilliams said, “The goal…
Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released
The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price changes…
EDA: $1.3 Million in CARES Act Recovery Assistance Invested to Strengthen Agribusiness Infrastructure in Guam
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million CARES Act Recovery Assistance grant to the Guam Economic Development Authority, Tamuning, Guam, to improve commercial infrastructure to support job creation and economic resiliency in the agribusiness sector. “President Biden is committed to helping…
EDA: $1 Million in CARES Act Recovery Assistance Invested to Establish Resiliency Center in Alexandria, LA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the Kisatchie-Delta Regional Planning and Development District, Alexandria, Louisiana, to purchase, design, and renovate an existing building to create a new Resiliency Center that will support economic development…
EDA: $986,157 in CARES Act Recovery Assistance Invested to Support Workforce Development Efforts in Northern Colorado
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $986,157 CARES Act Recovery Assistance grant to Larimer County, Colorado, to update and expand workforce development strategies and sector partnerships in the region. This EDA grant, to be matched with $246,539 in local investment, is expected to create 495 jobs. “The Biden…
EDA: $900,000 in CARES Act Recovery Assistance Invested to Support Economic Recovery and Resiliency Efforts in the Inland Empire
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $900,000 CARES Act Recovery Assistance grant to the University of California, Riverside, to provide technical assistance to small businesses to bolster the region’s ability to withstand future economic disruptions. This EDA grant will be matched with $416,461 in local investment. “President Biden…
EDA: $613,750 in CARES Act Recovery Assistance Invested to Support Broadband Plans for the State of Missouri
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $613,750 CARES Act Recovery Assistance grant to the Missouri Association of Councils of Government (MACOG), Jefferson City, Missouri, to develop broadband feasibility plans and provide technical assistance across the state. This EDA grant will be matched with $613,750 in state investment. “The…
SBA: Enhanced COVID Economic Injury Disaster Loan Program to Aid Small Businesses Facing Challenges from Delta Variant Announced
Increased Loan Cap to $2 Million, Expanded Use of Funds to Pay and Prepay Business Debt, Streamlined Review Processes, and Deferred Payments; First Approval and Disbursement of Loans of $500,000 or Less Also Introduced. Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, a federal…