The U.S. Department of Commerce has granted nearly $3 million to BioVentures at the University of Arkansas for Medical Sciences (UAMS) in support of entrepreneurs from socially and economically disadvantaged backgrounds who are looking to develop health technology and health…
U.S. Department of Commerce
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U.S. Dept. of Commerce Establishes New Artificial Intelligence Committee
by AMP Staffby AMP StaffU.S. Secretary of Commerce Gina Raimondo announced today that the Commerce Department has established a high-level committee to advise the President and other federal agencies on a range of issues related to artificial intelligence (AI). Working with the National AI…
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Philander Smith College Receives $2.5 Million Grant to Develop Digital Education, Workforce Development Center
by AMP Staffby AMP StaffPhilander Smith College has received a $2.5 million grant from the Economic Development Administration (EDA) for a new HBCU Center of Excellence in Digital Education and Rural Workforce Development. The Economic Development Administration is an agency within the U.S. Department…
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Startup Junkie Receives $650K CARES Act Grant to Assist Small Businesses
by AMP Staffby AMP StaffStartup Junkie has received a $650,000 CARES Act Recovery Assistance grant to impact Northwest Arkansas small businesses affected by the COVID-19 pandemic. The U.S. Department of Commerce’s Economic Development Administration (EDA) awarded the grant to the Fayetteville-based entrepreneur support organization.…
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Retail Sales Increased Monthly Since June, New Report Shows
by Tyler Haleby Tyler HaleRetail sales have steadily grown since the early months of the COVID-19 pandemic, according to the latest monthly report from the National Retail Federation (NRF). According to NRF chief economist Jack Kleinhenz, retail sales have increased month-over-month since June, in…
After a drastic drop in the second quarter, the U.S. economy picking up in the third quarter, posting its fastest recovery ever, although still significantly lower than usual. The U.S. Commerce Department reported on Thursday that the United States’ real…
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SPRINT Challenge Provides $25 Million for Entrepreneurship Solutions to COVID-19
by Tyler Haleby Tyler HaleSince the beginning of the COVID-19 public health crisis, federal agencies have rushed to provide assistance to mitigate the impact the pandemic has had on U.S. citizens and businesses. One federal agency is establishing a new program to promote solutions…
A U.S. District Court judge has blocked President Donald Trump’s order that would have banned TikTok downloads on U.S. mobile app stores. Trump had issued an executive order that would have banned the popular video app starting Sunday, Sept. 28.…
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UA Little Rock Receives $300K Grant to Develop Economic Recovery Plan
by AMP Staffby AMP StaffWith a new grant provided by the U.S. Department of Commerce’s Economic Development Administration, the University of Arkansas at Little Rock will begin creating an economic recovery plan and developing a history of COVID-19’s economic impact on Arkansas. The Economic…
The U.S. Department of Commerce’s Economic Development Administration awarded the World Trade Center Arkansas a $700,000 grant to help Arkansas businesses affected by the record flooding last spring followed by tornadoes in the fall in Arkansas.  The World Trade Center…