This EDA investment supports the capitalization of a revolving loan fund (RLF) to serve trumbull and mahoning counties in northeast ohio
Project Grant Awarded
- Award ID
- 067906468
- Recipient
-
Valley Economic Development Partners Inc. UEI E7F1JUG81887
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $2,000,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Not on record
- Funding
-
- $1,000,000.00 Federal
- $1,000,000.00 Non-federal
- Place of performance
- Youngstown, OH 44505, USA
Award details come from USAspending.gov.
Description
The project will help alleviate sudden and severe economic dislocation caused by the closures of coal-fired power plants, which exacerbated long-term economic distress in the region. The RLF will provide access to capital to help small businesses and entrepreneurs recover, which will promote job creation and retention, attract private investment, and bolster economic resiliency throughout the region.
Quick answers
Who received award 067906468?
067906468 was awarded to Valley Economic Development Partners Inc. by Economic Development Administration (Department of Commerce) on March 29, 2023.
How much is award 067906468 worth?
$2,000,000 has been obligated on 067906468: $1,000,000 in federal funding and $1,000,000 in non-federal funding.
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