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Disaster Recovery    (2items)          Economic Development Districts    (3items)          Infrastructure    (6items)          Innovation and Entrepreneurship    (7items)          Small Business Development/RLF    (8items)          Workforce Development    (3items)

      


            
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      December 6, 2022
    Revolving Loan Fund Program Provides Faire Opportunities in Delaware

    
          Rob Snowberger is a U.S. Navy Veteran and local entrepreneur in Wilmington, Delaware. In July 2019, he opened the Faire Market and Café, a grocery store and coffee service. In addition to offering the community more food choices, this unique endeavor also served as an economic revitalization project, bringing new customers to the downtown area.
    
          Small Business Development/RLF
        November 29, 2022
    EDA-Capitalized Revolving Loan Fund Helps a Small Business Ascend to Success

    
          When psychologist Haleigh Scott completed her postdoctoral clinical training at the University of California, Davis she knew she could best continue her commitment to individuals with neurodevelopmental disabilities in a small setting that would allow personalized patient treatment and case management.
    
          Small Business Development/RLF
        November 8, 2022
    EDA Investments Boost Bioscience and Technology at KU Innovation Park

    
          Lawrence, Kansas, is already our planet’s default center on Google Earth. Now with EDA support, it will also serve as the center of bioscience and technology in the state.
        November 1, 2022
    Paradise, California Leverages $1.8 Million EDA Grant to Secure $200 Million Investment

    
          California has experienced its share of wildfires. Nothing, however, could prepare the Golden State for the devastation of the 2018 Camp Fire. The historic and unprecedented conflagration laid waste to a large section of mountainous and semi-rural Butte County, going down as the single most devastating fire disaster in state history.
    
          Disaster Recovery
        October 31, 2022
    Revolving Loan Fund Program Gives Businesses a Flying Start in Tennessee

    
          Mike Williamson is a former Air Force mechanic from Lynchburg, Tennessee. After serving his country, he returned to his hometown and opened Lynchburg Machine Tool, which provides tools and dies for the local automotive manufacturing industry.
    
          Small Business Development/RLF
        October 25, 2022
    New Mexico Program Improves Access to Entrepreneurial Resources

    
          For entrepreneurs, finding support for their potential business can be a challenge, especially for women, minorities, and those in rural communities. Fueled by a $250,000 Economic Adjustment Assistance (PDF) investment from EDA, a program in New Mexico was focused on improving access to entrepreneurial support by tapping into existing community resources.
    
          Innovation and Entrepreneurship
        October 18, 2022
    Colorado Entrepreneurs Gain Holistic Business Support

    
          Starting a small business can be a struggle, and for many entrepreneurs, knowing where to start can either make or break their potential business. Luckily, small businesses in Colorado Springs, Colorado can turn to an entrepreneurial support program, which will meet owners where they are and offer assistance every step of the way.
Exponential Impact launched in 2017, after Colorado Springs city leaders recognized a need for entrepreneurial support in the community.
    
          Innovation and Entrepreneurship
        October 6, 2022
    EDA Supports Equitable Lending Leaders

    
          While the accessibility of credit is vital to the success and growth of small business, research shows that lending to borrowers from marginalized communities continues to lag.1  In 2020, the CARES Act catalyzed a major expansion of the Economic Development Administration’s (EDA) successful Revolving Loan Fund (RLF) program. RLFs provide small businesses access to capital in the form of gap financing to grow and generate new employment opportunities with competitive wages and benefits.  Prior to the onset of the pandemic, EDA’s RLF portfolio boasted a combined capital base of nearly $900 million; CARES Act recovery assistance helped grow the portfolio to more than $1.5 billion.
        September 1, 2022
    Regional Planning Council Helps Small Businesses Stay Afloat in South Florida

    
          Over the last few years, many Americans have moved to Florida, making it one of the top destinations for domestic migration. In 2021 alone, more than 220,000 people moved to the Sunshine State.
Coupled with the onset of the coronavirus pandemic, this mass migration put a serious strain on the state’s resources, minimizing its lending power to small, minority-owned businesses and other entrepreneurs. However, with assistance from the Economic Development Administration (EDA), the South Florida Regional Planning Council (SFRPC) is helping many such businesses develop and grow.
    
          Small Business Development/RLF
        August 23, 2022
    EDA Investment Helps Preserve Newport, Oregon’s Role in the Pacific Fishery

    
          With a population of just 11,000, the coastal community of Newport, Oregon has managed to establish itself as home to one of the richest seafaring traditions on the West Coast. It’s a destination spot for visitors from throughout the United States who come to see the town’s working waterfronts and maritime-based attractions, such as the Oregon Coast History Museum, historic Yaquina Bay Lighthouse, and notable restaurants and fish markets. Newport’s Oregon Coast Community College offers the nation’s only degree program in aquarium science. The city also serves as Pacific Fleet headquarters for the National Oceanic and Atmospheric Administration, hosting Maritime Operations Center – Pacific and the survey vessels NOAAS Bell M. Shimada and NOOAS Rainier; since 2005, Newport has been designated an official Coast Guard City.
    
          Infrastructure
  
      
  
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