Project Grant 067906396

Award Date 4/5/22
Completion Date Not listed
Dollars Obligated $500K
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Appleton, MN 56208, 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 Economic Development Administration awarded a $500,000 Project Grant to the Mid-Minnesota Development Commission on March 22, 2022 under the Economic Adjustment Assistance program. The grant will support the establishment of a revolving loan fund to provide capital to small businesses in four Minnesota counties impacted by the COVID-19 pandemic and a coal plant closure. The revolving loan fund will lend to borrowers in Kandiyohi, McLeod, Meeker, and Renville counties to help businesses...
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 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 Upper Minnesota Valley Regional Development Commission (UMVRDC) was awarded a $385,000 project grant from the Department of Commerce Economic Development Administration under the Economic Development Support for Planning Organizations program (CFDA 11.302). The grant will support UMVRDC's work to develop and implement an economic development strategy for the Appleton, Minnesota region from July 2021 through March 2024. As part of EDA's Planning program, the funding will allow UMVRDC to...
The Economic Development Administration (EDA) awarded $408,205 under the Economic Adjustment Assistance (EAA) program to the Red Lake Band of Chippewa Indians on September 12, 2022. The funding will support the purchase of critical equipment for tribally-owned enterprises operated by the Red Lake Band in Beltrami County, Minnesota. The equipment replacements and upgrades are needed to maintain and grow operations that were placed under additional stress by the COVID-19 pandemic. Upon completion,...
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'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 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...
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 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, Chippewa, and Yellow Medicine counties - to help them recover from adverse economic impacts of the COVID-19 pandemic. By providing access to capital, the RLF aims to promote job creation and retention, attract private investment, and bolster economic resiliency in the region through the EDA's EAA program.

Generated 1/7/24, 1:56 AM