AllOnGeorgia
U.S. Dept of Commerce invests $2 million to expand business incubator in Statesboro Opportunity Zone
The funding announced is available under Trump’s Tax Cuts and Jobs Act of 2017 for ‘spurring economic development in economically distressed communities nationwide.’
December 11, 2020
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Downtown Statesboro Development Authority (DSDA) so Georgia Southern University can continue boosting business growth and resiliency efforts by expanding the City Center Business Incubator in downtown Statesboro.
The EDA grant will be matched with $500,000 in funding from the City of Statesboro and is expected to create 300 jobs and generate $40 million in private investment.
December 11, 2020 -Â U.S. Secretary of Commerce Wilbur Ross announced that the Departmentâs Economic Development Administration (EDA) is awarding a $2
 million grant to the Downtown Statesboro Development Authority, Statesboro, Georgia, to boost business growth and resiliency efforts by expanding the City Center Business Incubator. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $500,000 in local funds, is expected to create 300 jobs, and generate $40 million in private investment.Â
âHurricane Irma severely impacted Statesboro and Bulloch County by in 2017,â said Secretary of Commerce Wilbur Ross. âThis project will strengthen the partnership between the Downtown Statesboro Development Authority and Georgia Southern Universityâs Business Innovation Group and aid in their efforts to rebuild and reinforce the regionâs economy. The Opportunity Zone designation will further transform the lo
Multi-million dollar grant given to Innovation Incubator in Statesboro to help with entrepreneurships
Multi-million dollar grant given to Innovation Incubator in Statesboro to help with entrepreneurships By Amanda Aguilar | December 10, 2020 at 5:18 PM EST - Updated December 10 at 7:29 PM
STATESBORO, Ga. (WTOC) - Back in January, we told you how the City of Statesboro and Georgia Southern University were relying on a federal grant to expand the Innovation Incubator in downtown a space where fledgling businesses can grow.
Thursday, the U.S. Department of Commerce’s Economic Development Administration awarded a multi-million dollar grant to the facility.
The U.S. Economic Development Administration said the Innovation Incubator is a prime example of what happens when a city and a university meld together to bring entrepreneurs to the community.