Project Grant 067906391
Award Date
3/22/22
Completion Date
Not listed
Dollars Obligated
$500K
Federal Agency
Economic Development Administration
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Willmar, MN, USA
Similar Awards
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....
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'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 Department of Commerce Economic Development Administration awarded a $2.7 million Project Grant to Three Rivers Planning & Development District under the Economic Adjustment Assistance program. The grant capitalizes a revolving loan fund to provide loans to businesses in eight counties in northern Mississippi impacted by the COVID-19 pandemic. The funding will also cover administrative costs of managing the revolving loan fund through September 2024. By providing permanent financing...
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 $2.5 million Project Grant to the Northern Maine Development Corporation on September 29, 2021 under the Economic Adjustment Assistance program (CFDA 11.307). This supplemental funding will replenish NMDC's revolving loan fund to provide affordable capital to businesses in Caribou, Maine responding to impacts from the COVID-19 pandemic. An initial EDA CARES Act revolving loan fund grant of $3.34 million awarded in July 2020...
The Department of Commerce Economic Development Administration awarded a $790,020 project grant to the Institute For Local Self-Reliance, Inc. to improve the capacity of revolving loan fund CARES Act recipients to deploy capital with an emphasis on improving access to loans for diverse business owners. Under the Economic Development Technical Assistance federal grant program, the Institute For Local Self-Reliance will provide technical assistance to revolving loan fund recipients from July 1,...
The Region 9 Development Commission received a $420,000 project grant award from the Department of Commerce Economic Development Administration under the Economic Development Support for Planning Organizations federal grant program (CFDA 11.302). The grant will support regional economic development planning for nine counties and over 250 local jurisdictions in south central Minnesota through March 2024. As part of EDA's Planning program to stimulate regional economic growth, this award will fund...
The Department of Commerce Economic Development Administration awarded a $500,108 Project Grant to the Central South Dakota Enhancement District on May 8, 2023 under the Economic Adjustment Assistance program (CFDA 11.307). The grant funding will support the establishment of a revolving loan fund to provide short-term, gap financing to businesses in ten counties in central South Dakota. The new revolving loan fund will serve as a local source of capital for new, existing, and expanding...
The Department of Commerce Economic Development Administration (EDA) awarded a $500,000 Project Grant to the Minneapolis Saint Paul Regional Economic Development Partnership under the Economic Adjustment Assistance (EAA) program. The grant will support the Bold North Bioinnovation Cluster led by the Partnership to make Minnesota a leader in solving problems through bioinnovation. Funds will be used to invest in Black, Indigenous, and people of color workers, entrepreneurs, and existing...