Project Grant 057906216

Award Date 9/7/22
Completion Date 9/6/24
Dollars Obligated $1M
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Orem, UT 84097, USA
Similar Awards
The Mountainland Economic Development District received a $420,000 project grant from the Department of Commerce's Economic Development Administration under the Economic Development Support for Planning Organizations program (CFDA 11.302) to develop and implement a Comprehensive Economic Development Strategy (CEDS) for Summit, Utah, and Wasatch counties in Utah. As a non-profit organization providing economic development services to the three-county region, Mountainland utilized the grant...
The Department of Commerce's Economic Development Administration (EDA) awarded $4.5 million to the Southeast Idaho Council of Governments, Inc. under the Economic Adjustment Assistance (EAA) program (CFDA 11.307) on May 17, 2022. The funding will support the establishment of a revolving loan fund (RLF) to provide gap financing for businesses in Oneida, Bear Lake, Franklin, Caribou, Power, Bannock and Bingham counties in southeastern Idaho. The RLF will help alleviate sudden and severe economic...
The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $500,000 Project Grant to the Upper Minn Valley Regional Development Commission (UMVRDC) on April 5, 2022 under the Economic Adjustment Assistance (EAA) program (CFDA #11.307). The grant funds will capitalize a $500,000 revolving loan fund (RLF) to be administered by UMVRDC. The RLF will provide loans to small businesses and entrepreneurs across five counties in Minnesota - Big Stone, Swift, Lac Qui Parle,...
The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $3.56 million Project Grant to the Maryland Department of Health Laboratories Administration under the Economic Adjustment Assistance (EAA) program. The grant capitalizes a revolving loan fund (RLF) to provide loans throughout Maryland to help small and underserved businesses recover from disruptions caused by the COVID-19 pandemic. As the source of loans, the Maryland Department of Commerce will assist...
The Department of Commerce's Economic Development Administration (EDA) awarded a $1 million Project Grant to the State of Utah under the EDA's Economic Adjustment Assistance (EAA) program (CFDA 11.307). The grant will support the development of a statewide economic development plan through April 2024. As part of the American Rescue Plan Act of 2021, EDA awarded $24 million total in Statewide Planning grants to help states and territories boost pandemic recovery, address climate change impacts,...
The Wasatch Front Regional Council / Wasatch Front Economic Development District (WFRC/WFEDD) received a $420,000 project grant award from the Department of Commerce Economic Development Administration under the Economic Development Support for Planning Organizations program (CFDA 11.302) to develop and implement a Comprehensive Economic Development Strategy (CEDS) for the five-county Wasatch Front region of Utah from April 1, 2023 through March 31, 2026. As the designated economic development...
This $1.8 million Project Grant from the Department of Commerce Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program (CFDA 11.307) capitalizes a $1 million revolving loan fund (RLF) administered by West Central Indiana Economic Development District, Inc. (Thrive West Central). The RLF will provide loans to small businesses and entrepreneurs in Clay, Parke, Putnam, Sullivan, Vermillion, and Vigo counties in Indiana to aid economic recovery from the...
The Department of Commerce Economic Development Administration awarded a $1.25 million Project Grant to Goed Rural Programs on January 19, 2021 under the Economic Adjustment Assistance (EAA) program. Goed Rural Programs will use the funding to provide technical, planning, and public works and infrastructure assistance to Salt Lake City, Utah through its DESTINATION RECOVERY program. The EAA program supports regions experiencing adverse economic changes, such as sudden or gradual job losses,...
This $1.2 million Economic Development Administration Project Grant awarded by the Department of Commerce on May 10, 2022 capitalizes a $1,027,995 revolving loan fund (RLF) and provides $93,005 for administration to support economic recovery from the COVID-19 pandemic across 13 counties in southeast Texas. Under the Economic Adjustment Assistance (CFDA 11.307) program, the Gulf Coast Economic Development District, Inc. will utilize the RLF to provide loans to businesses, with funding also used...
The Economic Development Administration of the Department of Commerce awarded a $1,000,000 Project Grant to the Southwest Wisconsin Regional Planning Commission on March 31, 2022 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program. The grant capitalizes a $1,000,000 revolving loan fund (RLF) to provide access to capital for small businesses and entrepreneurs in Grant, Green, Iowa, Lafayette, and Richland Counties in Wisconsin. The RLF will lend to borrowers recovering...

The Mountainland Economic Development District was awarded a $1 million Project Grant from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program. The grant funds will be used to establish a Revolving Loan Fund to provide short-term financing assistance of up to $100,000 to businesses located in Utah, Summit, and Wasatch Counties in Utah. $100,000 of the grant funding will be allocated for RLF administrative costs, with the remaining $900,000 to be used as loan capital. The newly established RLF will serve as a local source of capital for new, existing, and expanding businesses to promote economic growth, investment, job creation and economic diversity in the region as it recovers from the impacts of the COVID-19 pandemic and builds resiliency against future disruptions. The grant carries a completion date of September 6, 2024.

Generated 1/7/24, 9:54 AM