This EDA investment supports the upper minnesota valley regional development commission (UMVRDC) with capitalizing a $500,000 revolving loan fund (RLF) to lend to borrowers in the following geographic…
Project Grant Awarded
- Award ID
- 067906396
- Recipient
-
Upper Minn Valley Rgonal Dev Comm UEI DXERKHJLBAF7
- Awarding agency
-
Economic Development Administration
Department of Commerce
- 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
- Appleton, MN 56208, USA
Award details come from USAspending.gov.
Description
This EDA investment supports the upper minnesota valley regional development commission (UMVRDC) with capitalizing a $500,000 revolving loan fund (RLF) to lend to borrowers in the following geographic region: big stone, swift, LAC QUI parle, chippewa, and yellow medicine counties in minnesota. Once implemented, the RLF will provide access to capital to help small businesses and entrepreneurs recover from the coronavirus pandemic, which will promote job creation and retention, attract private investment, and bolster economic resiliency throughout the region.
Quick answers
Who received award 067906396?
067906396 was awarded to Upper Minn Valley Rgonal Dev Comm by Economic Development Administration (Department of Commerce) on April 5, 2022.
How much is award 067906396 worth?
$500,000 has been obligated on 067906396: $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