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 (EDA) awarded $8.23 million to the City of Duluth, Minnesota under the Economic Adjustment Assistance (EAA) program on March 8, 2022. The project grant funding will support reconstruction of the Duluth Entertainment and Convention Center seawall, providing additional waterfront access and resiliency during storms while increasing viability for cruise ship services in Duluth. As the EAA program aims to assist regions facing...
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 the City of Ely, Minnesota $2,687,702 under the Economic Adjustment Assistance (EAA) program on July 12, 2022. The funding will support construction of a new Ely Regional Trailhead Facility, which will enhance the region's attractiveness as a tourist destination in Saint Louis County. Ely's economy relies significantly more on tourism than the rest of Minnesota, with pandemic-related business closures reducing...
The Department of Commerce's Economic Development Administration (EDA) awarded a $4.4 million Project Grant to the City of Austin, Minnesota under the Economic Adjustment Assistance (EAA) program (CFDA 11.307). The funding will support infrastructure upgrades at the 57-acre Creekside Business Park in Mower County to boost business and job growth. Specifically, the grant will allow for development of a 57-acre parcel at the business park, attracting new businesses and jobs to the region. Once...
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 (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 Economic Development Administration awarded a $1.57 million project grant to the Regents of the University of Minnesota under the Economic Adjustment Assistance program (CFDA 11.307). The funding will support improvements to the parking lot and entrance at the University of Minnesota Landscape Arboretum in Chaska, Minnesota to better accommodate visitors and events. The Arboretum is an important source of economic activity for Carver County through tourism and nearly 400 events were canceled...
The Department of Commerce Economic Development Administration awarded a $592,850 Project Grant to the City of Mahnomen, Minnesota on June 3, 2021 under the Economic Adjustment Assistance (EAA) program (CFDA 11.307). The funding will support infrastructure improvements in Mahnomen to address adverse economic impacts. The EAA program provides planning, public works, and infrastructure assistance to regions experiencing sudden or gradual economic changes. The City of Mahnomen will leverage the...
The Economic Development Administration awarded a $10.8 million Project Grant to the Maine Department of Economic and Community Development under the Economic Adjustment Assistance program (CFDA 11.307). The grant will support marketing, infrastructure, workforce development and other projects to revitalize safe leisure, business and international travel in Augusta, Maine. Specifically, the funding will help rejuvenate the state's tourism industry as it recovers from adverse economic impacts...