This $2.7 million project grant from the Department of Commerce Economic Development Administration will capitalize a revolving loan fund administered by the Catawba Regional Council of Governments in Rock Hill, South Carolina. Awarded on September 22, 2022 under the EDA's Economic Adjustment Assistance program (CFDA 11.307), the funding will be used to provide loans to businesses through September 2024 in 30 counties across the state impacted by the COVID-19 pandemic. In addition to alleviating economic hardship in the region, the revolving loan fund is intended to promote long-term resiliency through permanent access to capital. Consistent with the goals of the Economic Adjustment Assistance program, the funding aims to support the economic recovery and adjustment needs of distressed communities.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $2.7m | 9/22/22 |