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EDA Announces Over $8M to Expand Entrepreneurial, Business Support Services in AL, NY, TX
Over the last month, the Economic Development Administration (EDA) announced over $8 million in grants to expand entrepreneurial and business support services in Alabama, New York, and Texas including:
- $2.9 million to PortAL – a business incubator in Mobile, AL – to renovate and modernize the former Threaded Fasteners building to provide entrepreneurial support services and house tech startups;
- $2.6 million to High Tech Rochester to facilitate the development of the Rochester-Finger Lakes Business Accelerator Hub Facility that will provide incubator space for high-growth potential startup businesses as well as services for existing manufacturing companies;
- $2 million to the University of Alabama (UA) to expand the UA Economic Development Resource Center in Tuscaloosa that provides economic development outreach services to businesses, governments, and citizens of Alabama; and,
- $1.3 million to the University of Houston to establish a Community Innovation Center that will support workforce training and entrepreneurship programming to the surrounding community.