SBA: New Solicitation Announced to Expand Funding for Regional Innovation Cluster Network
Regional Innovation Clusters Will Increase Startup and Small Business Participation in U.S. Supply Chain Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced a new funding solicitation for the SBA’s Regional Innovation Cluster (RIC) Initiative that will make awards…
Census Bureau: 2022 County Business Patterns Data Now Available
The U.S. Census Bureau today released the 2022 County Business Patterns (CBP). This annual series of statistics provides subnational economic data by industry. The number of establishments, employment during the week of March 12, first quarter payroll and annual payroll are provided for nearly 1,000 industries, as defined by the 2017 North American Industry Classification System…
CFPB: Interim Final Rule Issued to Extend Compliance Dates for Small Business Lending Rule Under Section 1071
Interim final rule extends compliance dates pursuant to court orders Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule to extend compliance deadlines for the small business lending rule. After the CFPB issued the small business lending rule on March 30, 2023, a federal court in Texas stayed the rule pending the Supreme Court’s decision in CFPB…
SBA: Over $1 Million Invested to Expand Support for Veteran Entrepreneurs
Organizations to Provide Critical Training and Counseling for Startups and Existing Small Businesses Today, the U.S. Small Business Administration (SBA) announced over $1 million in new funding to provide critical training and counseling to aspiring and existing veteran small business owners as a Veterans Business Outreach Center (VBOC). The new funding opportunity will make awards of up to $400,000 to…
SBA: Extension of Moratorium Announced on 8(a) Eligibility Requirement for Small Disadvantaged Businesses
Bona Fide Place of Business Moratorium Extension Until Sept. 30, 2025, Will Increase the Opportunity for SDBs to Grow Their Businesses Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced that the moratorium on the 8(a) Business Development Program’s Bona…
SBA: $30 Million in Grant Funding Announced for New Women’s Business Centers
Under the Biden-Harris Administration, SBA Has Expanded WBCs to Over 150 Nationwide in All 50 States, Washington, D.C., and Puerto Rico Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced four funding opportunities for Women’s Business…
SBA: Working Capital Loan Pilot Program Launched
Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured…
SBA: New Actions and Resources Announced to Advance Clean Energy Economy
SBA Removes Cap on Loans for Clean Energy Projects Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced that the agency has removed its 504 Loan Program’s cap on lending for clean energy projects as part of broader…
EDA: $800,000 Invested to Capitalize a Revolving Loan Fund and Support Small Businesses in South Dakota
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Northeast Council of Governments Development Corporation in Aberdeen, South Dakota, to capitalize and administer a Revolving Loan Fund (RLF) serving small businesses in 12 counties in Northeast South Dakota. The RLF will support businesses facing obstacles in obtaining…
EDA: $3 Million Invested to Establish Business and Entrepreneurship Center in Tulsa, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Tulsa Economic Development Corporation in Tulsa, Oklahoma, to create a business and entrepreneurship center. This grant will provide services, tenant opportunities, and meeting space for local entrepreneurs. This EDA investment will be matched…