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September 17, 2024

U.S. Department of Commerce Invests $1.5 Million to Capitalize Revolving Loan Fund to Support Small Businesses in Massachusetts

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the South Eastern Economic Development Corporation in Taunton, Massachusetts, to capitalize and administer a Revolving Loan Fund (RLF) serving small businesses across eight Massachusetts counties.
  • Press Release
September 17, 2024

Senior U.S. Department of Commerce Official Visits PRBio Tech Hub in Puerto Rico

WASHINGTON, D.C. — Today, Cristina Killingsworth, Deputy Assistant Secretary for Policy and External Affairs, performing the non-exclusive functions and duties of the Assistant Secretary for Economic Development, at the U.S. Department of Commerce’s Economic Development Administration (EDA), visited the PRBio Tech Hub in Puerto Rico. The Biden-Harris Administration, through the EDA, designated the PRBio Tech Hub, a coalition led by the Puerto Rico Science, Technology and Research Trust, as a Tech Hub in October 2023. 
  • Press Release
September 17, 2024

U.S. Department of Commerce Invests $2.6 Million for Wastewater Infrastructure Improvements to Support EV Industry in Richburg, South Carolina

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to the Chester Sewer District in Richburg, South Carolina, for wastewater infrastructure improvements needed to support the electric vehicle industry and other business sector growth in the region.
  • Press Release
September 17, 2024

U.S. Department of Commerce Invests $2.2 Million for Building Renovations to Support Regional Economic Growth in Lubbock, Texas

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the South Plains Association of Governments (SPAG) in Lubbock, Texas, for building renovations needed to support small business development in the region.
  • Press Release
  • Disaster Recovery
September 16, 2024

Economic Development Administration, Defense Innovation Unit Codify Partnership for Innovation, National Security, and Economic Growth

Washington, D.C. - The U.S. Department of Commerce’s Economic Development Administration (EDA) and the U.S. Department of Defense’s Defense Innovation Unit (DIU) signed a memorandum of understanding (MOU) on September 5, 2024, at Commerce headquarters in Washington, D.C. This agreement aims to enhance American competitiveness by leveraging each organization's assets and connections nationwide, helping connect more American-made innovations to avenues for scaling, commercialization, and procurement.
  • Press Release
September 13, 2024

Senior U.S. Department of Commerce Official Visits KC BioHub in Kansas and Missouri

WASHINGTON, D.C. — Today, Maryam Janani-Flores, Chief of Staff at the U.S. Department of Commerce’s Economic Development Administration (EDA), visited the Kansas City Inclusive Biologics and Biomanufacturing Tech Hub (KC BioHub), which serves both Missouri and Kansas. The Biden-Harris Administration, through the EDA, designated the KC BioHub, a coalition led by the BioNexus KC, as a Tech Hub in October 2023. 
  • Press Release
  • Tech Hubs
September 10, 2024

U.S. Department of Commerce Invests $2.9 Million to Expand Workforce Development for the Aviation and Construction Industries in Ohio

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $2.9 million in the state of Ohio to support workforce development programs that will grow the aviation and construction industries throughout the region, including Appalachia.
  • Press Release
  • Assistance to Coal Communities