This EDA investment supports the east central regional development commission with establishing a revolving loan fund (RLF) to lend to borrowers in the following geographic region: counties of…

Project Grant Awarded

Award ID
067906392
Recipient
Awarding agency
Obligated
$500,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Not on record
Funding
  • $400,000.00 Federal
  • $100,000.00 Non-federal
Place of performance
Minnesota, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

This EDA investment supports the east central regional development commission with establishing a revolving loan fund (RLF) to lend to borrowers in the following geographic region: counties of chisago, isanti, kanabec, mille lacs, and pine in minnesota. As the region recovers from the covid-19 pandemic, businesses will be able to expand their services and entrepreneurs will be able to provide new services that were identified during the pandemic. This support of the business community will provide a substantial measure of economic relief and will help to stimulate recovery from pandemic-induced economic injury across the service area, which will support economic resiliency, further the long-term economic adjustment objectives, create and retain jobs, and attract private investments.

Quick answers

Who received award 067906392?

067906392 was awarded to East Central Regional Development Commis by Economic Development Administration (Department of Commerce) on March 22, 2022.

How much is award 067906392 worth?

$500,000 has been obligated on 067906392: $400,000 in federal funding and $100,000 in non-federal funding.

On GovTribe

See this award's full record

  • Every transaction and subaward
  • The recipient's other awards and teaming partners
  • Similar grant awards
  • Ask GovTribe AI about this award
Try for free Login