The U.S. Department of Commerce Economic Development Administration (EDA) awarded the City of Ely, Minnesota $2,687,702 under the Economic Adjustment Assistance (EAA) program on July 12, 2022. The funding will support construction of a new Ely Regional Trailhead Facility, which will enhance the region's attractiveness as a tourist destination in Saint Louis County. Ely's economy relies significantly more on tourism than the rest of Minnesota, with pandemic-related business closures reducing...
The Department of Commerce Economic Development Administration awarded the City of Cohasset, Minnesota $4,235,313 under the Economic Adjustment Assistance (EAA) program on February 18, 2021. This Project Grant will fund the construction of an incubator building to support economic recovery in Cohasset. The EAA program provides infrastructure and planning assistance to regions facing adverse economic changes, such as those resulting from sudden or gradual industry declines. This award will...
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 Department of Commerce Economic Development Administration awarded a $592,850 Project Grant to the City of Mahnomen, Minnesota on June 3, 2021 under the Economic Adjustment Assistance (EAA) program (CFDA 11.307). The funding will support infrastructure improvements in Mahnomen to address adverse economic impacts. The EAA program provides planning, public works, and infrastructure assistance to regions experiencing sudden or gradual economic changes. The City of Mahnomen will leverage the...
The Department of Commerce Economic Development Administration (EDA) awarded $669,570 under the Economic Adjustment Assistance (EAA) program to support renovations and improvements at the Mayo Civic Center and Chateau Theatre in Rochester, Minnesota. Funded activities will help revive the region's travel and tourism industry in the wake of the COVID-19 pandemic through building upgrades at the civic center and historic theatre. Once completed, the project aims to bolster the regional economy...
The Department of Commerce's Economic Development Administration awarded a $1 million Project Grant to the Minnesota Department of Employment and Economic Development under the Economic Adjustment Assistance program (CFDA 11.307). The grant will support statewide planning efforts from October 2021 through March 2024 to develop comprehensive economic recovery and resilience plans in line with the Biden Administration's Build Back Better agenda. As part of EDA's American Rescue Plan funding,...
The Economic Development Administration awarded a $3.8 million Project Grant to the City of Grand Rapids, Minnesota on July 8, 2021 under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300). The funding will help the City expand its industrial infrastructure and prepare new developable industrial acreage to attract and retain diverse employers in the wake of job losses experienced during the COVID-19 pandemic. Specifically, the City will use the EDA grant...
The Department of Commerce Economic Development Administration awarded a $590,000 Project Grant to the Minneapolis Saint Paul Regional Economic Development Partnership under the Economic Adjustment Assistance program (CFDA 11.307). The grant funds will support supply chain strategy initiatives. The Economic Adjustment Assistance program provides planning and public works assistance to regions experiencing adverse economic changes. The funding will allow the Partnership to deliver technical...
The U.S. Department of Commerce Economic Development Administration (EDA) awarded the City of Osceola, Arkansas $3.75 million under the Economic Adjustment Assistance (EAA) program on September 29, 2021. The funding will support water and wastewater infrastructure improvements to accommodate increased capacity needs due to business expansion in the local steel industry and impacts from the COVID-19 pandemic. Specifically, the EDA investment will assist Osceola in making upgrades to allow for...
This $500,000 Project Grant from the Department of Commerce Economic Development Administration supports the East Central Regional Development Commission in establishing a revolving loan fund to provide financing to businesses and entrepreneurs across five counties in Minnesota as the region recovers from the economic impacts of the COVID-19 pandemic. The funding is provided through the Economic Adjustment Assistance program, which aims to support regions experiencing adverse economic changes....