The Department of Commerce Economic Development Administration awarded a $140,000 Project Grant to the Michiana Area Council of Governments for partnership planning assistance from April 1, 2021 through March 31, 2022. This funding supports the agency's Economic Development Support for Planning Organizations program (CFDA 11.302), which provides assistance to create regional economic development plans and stimulate community and regional economic development efforts. Under this award, the...
The Innovation Marquette Enterprise Corporation was awarded a $611,911 Project Grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant will fund the creation of an innovative crowdfunding platform to connect local entrepreneurs to angel investors and broader venture capital networks. Key services include establishing a crowdfunding program, educating local angel investors about scalable tech...
The Dimension Mill, Inc. was awarded an $810,380 Project Grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant will support the launch and acceleration of startups through October 2024 by providing access to entrepreneurial training, mentors, and capital. Dimension Mill will recruit investors and startups, provide funding and mentoring to startups, and conduct public relations and marketing activities....
The Indiana Economic Development Corporation (IEDC) was awarded a $1 million Project Grant from the Department of Commerce Economic Development Administration (EDA) under the agency's Economic Adjustment Assistance (EAA) program (CFDA 11.307). The grant funding will support IEDC's statewide planning efforts from October 2021 through March 2024 to develop a comprehensive plan to strengthen Indiana's economy in line with President Biden's Build Back Better agenda. As one of EDA's American Rescue...
This $6,021,480 project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Village to Venture: EDA Build to Scale Venture Challenge. Through a partnership between Southwestern Community College, the University of San Diego, and the Connect Foundation, this project will support underrepresented entrepreneurs in the San Diego region in accessing traditional capital sources and creating new jobs. Specifically, the partnership will...
This $1.8 million Project Grant from the Department of Commerce Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program (CFDA 11.307) capitalizes a $1 million revolving loan fund (RLF) administered by West Central Indiana Economic Development District, Inc. (Thrive West Central). The RLF will provide loans to small businesses and entrepreneurs in Clay, Parke, Putnam, Sullivan, Vermillion, and Vigo counties in Indiana to aid economic recovery from the...
The Economic Development Administration awarded a $2.17 million Project Grant to Vilcap, Inc. to develop lasting investment infrastructure for technology startups led by founders of color in the Southeast region of the United States. Under the Resource Invests initiative funded through the agency's BUILD TO SCALE program (CFDA #11.024), Vilcap will work with the Black Innovation Alliance from November 2022 to April 2024 to launch infrastructure and a replicable model to improve...
The Economic Development Administration of the Department of Commerce awarded a $140,000 Project Grant to the Michiana Area Council of Governments to support development and implementation of a Comprehensive Economic Development Strategy for Elkhart, Kosciusko, Marshall, and St. Joseph counties in Indiana under the Economic Development Support for Planning Organizations program (CFDA 11.302). Through this funding, MACOG will lead a collaborative public-private sector process to create an...
The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $2,568,600 Project Grant to the Town of Avilla, Indiana under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300). The funding will support the Town's 81-acre Industrial Park Expansion Project. The project aims to provide critical infrastructure to maintain the Town's competitiveness as a regional hub for transportation, distribution, and logistics operations. By expanding...
The South Carolina State-Wide Investment Accelerator Project will receive $2.1 million from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) from November 2022 through October 2025. The funding will support organizing, launching and operating a statewide investment accelerator program with stakeholders to identify an accelerator contractor, recruit and deliver programming twice annually for early-stage startup cohorts,...