Federal Budget: Funding for Key #EconDev Programs

Apr 26, 2018 | Advocacy

Federal Budget: The omnibus spending bill passed by Congress in March authorized favorable spending levels for 2018 for federal economic development programs, including:

  • Economic Development Agency – 302 million for fiscal 2018; about $26 million above fiscal 2017;
  • Manufacturing Extension Program – received $140 million; $10 million above fiscal 2017;
  • CDBG – received roughly $3.3 billion; $365 million about fiscal 2017;
  • TIGER – received $1.5 billion; $1 billion above fiscal 2017 ;
  • Rural Business-Cooperative Service – received roughly $77 million; about $12 million above fiscal 2017
  • Employment and Training Administration apprenticeship opportunities – received $145 million; $50 million above fiscal 2017;
  • Minority Business Development Agency – received $39 million; $5 million over fiscal 2017, and
  • Appalachian Regional Commission- received $155 million; $3 million over fiscal 2017.

Funding for SBA Supports Growth as We Enter A New Roaring Twenties Economic Era

President Trump’s commitment to improving the economy and the engine that drives it – small businesses – has been undeterred. And, when he approved the federal government’s fiscal year budget in late December, he secured the future of America’s small businesses and our nation’s ability to recover after disasters with funding for the U.S. Small Business Administration.

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Montrose Group Announces Top Ten 2020 Corporate Site Location Trends

2020 will have ten critical corporate site location trends that will impact economic development across the United States.  The Montrose Group provides corporate site location, economic development planning, project financing and lobbying services to companies and organizations across the United States and annually releases the top ten economic development trends impacting corporate site location.  The Montrose Group has negotiated corporate site location projects totaling over $1 B in economic development incentives and has active projects in multiple states.  

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