This investment will support the south central alabama development commission, an EDA designated economic development district, to establish an EDA-funded revolving loan fund (RLF), making IT the…
Ended Project Grant Awarded Last action
- Award ID
- 047907675
- Recipient
-
South Central Alabama Development Commis UEI VA7BQKHT6KH3
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $400,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Funding
-
- $0.00 Federal
- $400,000.00 Non-federal
- Place of performance
- Montgomery, AL 36117, USA
Award details come from USAspending.gov.
Description
This investment will support the south central alabama development commission, an EDA designated economic development district, to establish an EDA-funded revolving loan fund (RLF), making IT the district's first EDA RLF grant. Funds will be used to respond to the capital needs of small and medium sized businesses and industries within the counties of bullock, butler, crenshaw, lowndes, macon, montgomery and pike. This project was made possible by the regional planning efforts led by the south central alabama development commission. South central alabama deveelopment commission is funded by EDA to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | -$1,600,000 | $0 | |
| Original award | $1,600,000 | $400,000 |
Quick answers
Who received award 047907675?
047907675 was awarded to South Central Alabama Development Commis by Economic Development Administration (Department of Commerce) on September 16, 2021.
How much is award 047907675 worth?
$400,000 has been obligated on 047907675: $0 in federal funding and $400,000 in non-federal funding.
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