WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the SOVA Innovation Hub in South Boston, Virginia, to bolster small business development in the region.
This grant will support building renovation to create a digital maker space, community gathering space and co-working offices. This EDA investment will be matched with $492,389 in local funds and is expected to create or retain 130 jobs, and generate $1.1 million in private investment, according to grantee estimates.
“President Biden’s Investing in America agenda is providing communities with the resources they need to boost local businesses and create jobs,” said Secretary of Commerce Gina Raimondo. “This EDA investment will provide site redevelopment and infrastructure improvements to support local…
