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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 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 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