This EDA investment will capitalize a revolving loan fund to provide businesses access to financing options and support economic recovery and resiliency from the coronavirus pandemic in rural nebraska

The Southeast Nebraska Development District (SENDD) was awarded a $1,037,654 Project Grant from the Department of Commerce Economic Development Administration (EDA) on September 23, 2021. The grant falls under EDA's Economic Adjustment Assistance (CFDA 11.307) program.

Through this award, SENDD will capitalize a revolving loan fund (RLF) to provide businesses in 16 counties in rural Nebraska access to financing as they recover from economic impacts of the COVID-19 pandemic. The RLF aims to promote regional economic growth and diversity by increasing investment, employment, and supporting new, existing and expanding businesses. SENDD will market the RLF to women- and minority-owned businesses and underserved communities. This EDA funding will strengthen the regional economy by providing a local source of capital through the RLF.

Southeast nebraska development district (sendd) is addressing the impacts of the current pandemic by providing capital financing to the surrounding communities of: butler, fillmore, gage, jefferson, johnson, lancaster, nemaha, otoe, pawnee, polk, richardson, saline, saunders, seward, thayer, and york counties in nebraska. In addition, sendd plans to market the RLF to women- and minority-owned businesses as well as underserved communities that may have systemic or persistent poverty. The revolving loan fund will provide the region with a local source of capital for new, existing, and expanding businesses which will promote growth and development by increasing investment, employment, and economic diversity. This project was made possible by the regional planning efforts led by both the southeast nebraska development district. EDA funds this organization 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.