This investment will enhance the applicants' minority business development initiative which is specifically intended to help businesses, focusing on minority-owned businesses, rebound from covid-19…

The $891,000 Economic Development Administration Project Grant will support the South Carolina Association for Community Economic Development's minority business development initiative. The initiative aims to help minority-owned businesses in Charleston, South Carolina recover from the COVID-19 pandemic and develop greater resiliency. Funding will cultivate more qualified entrepreneurs and help build businesses that create new, higher-paying jobs. Training and wrap-around services will also be provided under this September 29, 2021 award from the Department of Commerce's Economic Adjustment Assistance program (CFDA 11.307). The EAA program provides planning and public infrastructure assistance to regions facing adverse economic changes.

This investment will enhance the applicants' minority business development initiative which is specifically intended to help businesses, focusing on minority-owned businesses, rebound from covid-19 and develop greater resiliency. IT will cultivate an increasing number of qualified entrepreneurs to build businesses that will create new and higher paying jobs, as well as provide wrap-around training. This project was made possible by the regional planning efforts led by the berkeley-charleston-dorchester council of governments. Berkeley-charleston-dorchester council of governments 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.