Project Grant 067906415
- 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...
- This $3.75 million Economic Development Administration (EDA) Project Grant under the Economic Adjustment Assistance (CFDA 11.307) program capitalizes a revolving loan fund (RLF) administered by the South Eastern Economic Development Corporation. The RLF will provide access to capital for small businesses and entrepreneurs in eight counties in Massachusetts to recover from the economic impacts of the COVID-19 pandemic and promote job creation and private investment. Awarded on April 28, 2022, the...
- 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 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 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...
- This $222,438 EDA CARES Act project grant from the Department of Commerce's Economic Adjustment Assistance program will fund the Indiana Economic Development Association Foundation's development of a statewide rural economic development model. The Foundation will analyze industry clusters, infrastructure, workforce needs, and policies impacting critical sectors in four regions encompassing 32 counties. The strategic planning process will provide rural leaders with insights on maximizing regional...
- The Department of Commerce Economic Development Administration (EDA) awarded a $3.6 million Project Grant to the South Central Planning and Development Commission, Inc. to establish a revolving loan fund (RLF) under the Economic Adjustment Assistance (EAA) program. The RLF will provide gap financing for business lending to enable economic recovery from the impacts of the COVID-19 pandemic in Houma, Louisiana. Once implemented, the RLF will provide permanent resources and access to working...
- This $1.2 million Economic Development Administration Project Grant awarded by the Department of Commerce on May 10, 2022 capitalizes a $1,027,995 revolving loan fund (RLF) and provides $93,005 for administration to support economic recovery from the COVID-19 pandemic across 13 counties in southeast Texas. Under the Economic Adjustment Assistance (CFDA 11.307) program, the Gulf Coast Economic Development District, Inc. will utilize the RLF to provide loans to businesses, with funding also used...
- 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 $1.44 million Project Grant to the Columbus-Franklin County Finance Authority on July 26, 2022 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program. The funding will capitalize a revolving loan fund (RLF) to provide small businesses in Columbus and Franklin County, Ohio with critical capital to recover from losses incurred during the ongoing COVID-19 pandemic and increase economic...
This $1.8 million Project Grant from the Department of Commerce Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program (CFDA 11.307) capitalizes a $1 million revolving loan fund (RLF) administered by West Central Indiana Economic Development District, Inc. (Thrive West Central). The RLF will provide loans to small businesses and entrepreneurs in Clay, Parke, Putnam, Sullivan, Vermillion, and Vigo counties in Indiana to aid economic recovery from the adverse 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 long-term economic resiliency throughout the region. The May 17, 2022 award will alleviate sudden and severe economic dislocation caused by the pandemic and establish permanent resources to support ongoing economic adjustment as outlined under the EAA program.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $800.0k | 5/17/22 |