The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $2.69 million Project Grant to Peoria Innovation Hub, NFP on November 10, 2021 under the Economic Adjustment Assistance (EAA) program. The funding will support converting a 67,000 square foot former Illinois Central College building in Peoria, Illinois into a business assistance and incubator space for Distillery Labs. The renovated facility will provide entrepreneurship programming and leasable/shared office...
The City of Streator, Illinois received a $1.185 million Project Grant award from the Department of Commerce's Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program. The funding will support renovations to the Streator Incubator Building and enhance small business start-up incubation services for the Illinois region through December 2025. Specifically, the project entails architectural, HVAC, IT, safety, and parking improvements to the incubator...
The Department of Commerce Economic Development Administration (EDA) awarded the City of Ottawa, Illinois a $4.5 million project grant under the Economic Adjustment Assistance (EAA) program. The grant will support improvements to East Stevenson Road in Ottawa's nearly 250-acre industrial area, which includes over 75 acres of undeveloped lots available for development. By upgrading this infrastructure, the City aims to address ongoing economic distress from job and business losses due to the...
The Department of Commerce Economic Development Administration awarded a $663,840 Project Grant to the Technology Entrepreneur Center, Inc. on June 24, 2021 under the Economic Adjustment Assistance (EAA) program. The EAA program supports regions experiencing adverse economic changes by providing technical assistance, planning, and infrastructure development. Through this award, the Technology Entrepreneur Center will deliver geospatial workforce development technologies and services to the St....
The Economic Development Administration (EDA) awarded a $4.2 million Project Grant under the Economic Adjustment Assistance (CFDA 11.307) program to the Economic Development Alliance of St. Clair County on August 26, 2021. The funding will support construction of an 11,000 square foot business incubator facility in Port Huron, Michigan to provide permanent space for entrepreneurship assistance programs. In response to economic impacts from recent coal plant closures and the COVID-19 pandemic,...
The Department of Commerce Economic Development Administration awarded the City of Carbondale, Illinois a $1.1 million Project Grant under the Economic Adjustment Assistance program on July 5, 2022. The grant will support reconstructing a portion of North McRoy Drive in Carbondale to accommodate expanded capacity at the Bicentennial Industrial Park and help businesses recover from the impacts of the COVID-19 pandemic. Specifically, strengthening this infrastructure will create new job...
The Department of Commerce Economic Development Administration (EDA) awarded a $3.75 million Project Grant to the Mountain Gateway Community College Real Estate Foundation under the Economic Adjustment Assistance (EAA) program. The funding will support renovating a workforce development center in Clifton Forge, Virginia to establish a manufacturing training center and entrepreneurial innovation laboratory. The training center will provide workforce skills development to meet the needs of local...
The Department of Commerce Economic Development Administration (EDA) awarded the City of Akron $2.65 million under the Economic Adjustment Assistance (EAA) program to expand and renovate over 20,000 square feet of unused space for the Bounce Innovation Hub. The funding will support upgrading business incubation facilities in Akron, Ohio through May 2025. Specifically, the award will help double the space available for start-ups and entrepreneurs at the Bounce Innovation Hub. Renovations will...
This $870,657 project grant from the Department of Commerce Economic Development Administration supports the Catalyst Campus for Technology and Innovation in creating a technology business accelerator program in Ogden, Utah. The accelerator program will provide training and support services to entrepreneurs in the defense and aerospace industries, with the goal of boosting business growth and job creation in the region. Funded through the EDA's Economic Adjustment Assistance program (CFDA...
The U.S. Department of Commerce Economic Development Administration (EDA) awarded the City of Osceola, Arkansas $3.75 million under the Economic Adjustment Assistance (EAA) program on September 29, 2021. The funding will support water and wastewater infrastructure improvements to accommodate increased capacity needs due to business expansion in the local steel industry and impacts from the COVID-19 pandemic. Specifically, the EDA investment will assist Osceola in making upgrades to allow for...