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Project Grant 017914991
Award Date
7/24/20
Completion Date
6/30/22
Dollars Obligated
$311K
Overview
Activity
3
Transactions
3
Subawards
Federal Agency
Economic Development Administration
Awardee
Providence Public Schools (DDN8S4KCXU81)
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Providence, RI 02903, USA
Description
Update #1
CARES ACT RLF
Posted 7/24/20, 12:00 AM
Mod #
Description
Reason For Modification
Federal Obligation
(Click to sort descending)
Date
(Click to sort ascending)
Not listed
THIS EDA INVESTMENT CAPITALIZES A $760,000 REVOLVING LOAN FUND (RLF) TO LEND TO BORROWERS IN THE FOLLOWING GEOGRAPHIC REGION: CITY OF PROVIDENCE IN RHODE ISLAND. THIS EDA INVESTMENT ALSO PROVIDES $76,000 TO DEFRAY THE COST OF ADMINISTERING THE RLF. THE EDA INVESTMENT WILL ALLEVIATE SUDDEN AND SEVERE ECONOMIC DISLOCATION CAUSED BY THE CORONAVIRUS (COVID-19) PANDEMIC, PROVIDE PERMANENT RESOURCES TO SUPPORT ECONOMIC RESILIENCY, AND FURTHER THE LONG-TERM ECONOMIC ADJUSTMENT OBJECTIVES OF THE REGION SERVED BY THIS EDA INVESTMENT.
($204k)
8/4/22
Not listed
AS PART OF EDA'S CARES ACT RECOVERY ASSISTANCE, THIS INVESTMENT CAPITALIZES A $760,000 REVOLVING LOAN FUND (RLF) TO LEND TO BORROWERS IN THE FOLLOWING GEOGRAPHIC REGION: CITY OF PROVIDENCE IN RHODE ISLAND. THIS EDA INVESTMENT ALSO PROVIDES $76,000 TO DEFRAY THE COST OF ADMINISTERING THE RLF. THE EDA INVESTMENT WILL ALLEVIATE SUDDEN AND SEVERE ECONOMIC DISLOCATION CAUSED BY THE CORONAVIRUS (COVID-19) PANDEMIC, PROVIDE PERMANENT RESOURCES TO SUPPORT ECONOMIC RESILIENCY, AND FURTHER THE LONG-TERM ECONOMIC ADJUSTMENT OBJECTIVES OF THE REGION SERVED BY THIS EDA INVESTMENT.
($321k)
5/13/22
Not listed
CARES ACT RLF
$836.0k
7/24/20