Revolving loan fund
Project Grant Awarded
- Award ID
- 057906072
- Recipient
-
Northern Rocky Mountain Economic Development District UEI LT12KSECDEY7
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $1,450,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Not on record
- Funding
-
- $1,200,000.00 Federal
- $250,000.00 Non-federal
- Place of performance
- Bozeman, MT, USA
Award details come from USAspending.gov.
About this award
The Department of Commerce Economic Development Administration awarded a $1,450,000 project grant to the Northern Rocky Mountain Economic Development District on February 18, 2021 under the Economic Adjustment Assistance program (CFDA 11.307).
The funding will support a revolving loan fund to provide financing and technical assistance for businesses and communities in Bozeman, Montana as they work to diversify their economies and promote job growth. The Economic Adjustment Assistance program aims to help regions experiencing adverse economic changes by providing a range of planning and infrastructure assistance. The revolving loan fund established with this grant will deliver these services to the Bozeman area as it works to strengthen and stabilize its local economy in the face of economic transitions.
Quick answers
Who received award 057906072?
057906072 was awarded to Northern Rocky Mountain Economic Development District by Economic Development Administration (Department of Commerce) on February 18, 2021.
How much is award 057906072 worth?
$1,450,000 has been obligated on 057906072: $1,200,000 in federal funding and $250,000 in non-federal funding.
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