USDA Accepting Rural Business Development Grant Applications – Due Mar. 13

What does this program do? This program is designed to provide technical assistance and training for small rural businesses. Small means that the business has fewer than 50 new workers and less than $1 million in gross revenue.   What is an eligible area? Rural Business Development Grant money must be used for projects that [...]

2020-01-15T13:30:57+00:00January 15th, 2020|CALED News, Econ Dev News|

The Federal Reserve Bank of Atlanta has released the 2019 Report on Minority-Owned Firms

Small businesses are crucial to the nation's economy. They employ almost half of U.S. workers, and are important sources of employment and wealth building, particularly for minority communities. The number of minority-owned businesses has grown rapidly in recent years, which means that their well-being and ability to access financing is increasingly important to fostering economic [...]

2020-01-09T13:48:38+00:00January 9th, 2020|CALED News, Econ Dev News|

Final Opportunity Zone Treasury Regulations Released

*Provided by jdsupra "Treasury has issued two prior sets of proposed regulations. The Final Regulations consolidate these proposed regulations as well as change various parts to reflect comments received on the rules over the last two years. Among the changes that were made, the Final Regulations clarify aspects of the 180-day investment period, clarify how [...]

2019-12-31T11:05:04+00:00December 31st, 2019|CALED News, Econ Dev News|

Top Five Metros for Tech Job Growth – Three are from California

*from Clearancejobs.com "According to new research from the Brookings Institution, about 90% of growth in high-tech jobs was concentrated on five cities: Boston, San Francisco, San Jose, Seattle and San Diego. The Washington, D.C.-based think tank found that these metropolitan areas accounted for nearly all of the nation’s innovation-sector growth from 2005 to 2017. Brookings [...]

2019-12-18T09:48:02+00:00December 18th, 2019|CALED News, Econ Dev News|

Cruise Industry Drives $2.5 Billion into California Economy

*Provide by the Orange County Register "California is the home of headquarters and support facilities for several cruise lines including Princess and Crystal Cruises; it has four major cruise ports in Los Angeles, Long Beach, San Diego and San Francisco. Last year the ports generated nearly 2.2 million passenger visits and crew arrivals, or 8% [...]

2019-12-04T11:06:48+00:00December 4th, 2019|CALED News, Econ Dev News|