This EDA investment provides technical assistance and capitalizes a $2,000,000 revolving loan fund (RLF) to lend to borrowers in the following geographic region: coos, curry, and douglas counties in…

This $2 million Economic Development Administration Project Grant capitalizes a revolving loan fund to provide access to capital for small businesses and entrepreneurs recovering from the COVID-19 pandemic in Coos, Curry, and Douglas Counties, Oregon. Awarded on March 31, 2022, the grant funds the CCD Business Development Corporation to administer the revolving loan fund under the Economic Adjustment Assistance program (CFDA 11.307). The revolving loan fund will lend to borrowers in the targeted region to promote job creation and retention, attract private investment, and bolster economic resiliency by supporting borrowers' recovery from the impacts of the coronavirus pandemic. The EDA investment of $2 million will recycle through the revolving loan fund as borrowers repay their loans to the fund, continuing to provide capital over time to businesses and entrepreneurs in the impacted area.

This EDA investment provides technical assistance and capitalizes a $2,000,000 revolving loan fund (RLF) to lend to borrowers in the following geographic region: coos, curry, and douglas counties in southwestern oregon. 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.