This $2.7 million project grant from the Department of Commerce Economic Development Administration will capitalize a revolving loan fund administered by the Catawba Regional Council of Governments in Rock Hill, South Carolina. Awarded on September 22, 2022 under the EDA's Economic Adjustment Assistance program (CFDA 11.307), the funding will be used to provide loans to businesses through September 2024 in 30 counties across the state impacted by the COVID-19 pandemic. In addition to alleviating...
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 coronavirus pandemic in Boone, McHenry, and Winnebago Counties, Illinois. Administered by the Rockford Local Development Corporation, the revolving loan fund will promote job creation, retention, and economic resiliency in the region by attracting private investment through loans to borrowers. Awarded on...
The Economic Development Administration (EDA) awarded a $2.679 million Project Grant to the Csra Resource Development Agency, Inc. under the Economic Adjustment Assistance (CFDA 11.307) program. The grant capitalizes a revolving loan fund to provide loans to borrowers in 13 counties in Georgia impacted by the COVID-19 pandemic. It will also cover administrative costs. The revolving loan fund will alleviate sudden economic dislocation and support long-term economic resiliency in the region...
The Department of Commerce Economic Development Administration awarded a $520,800 Project Grant to Business Oregon on April 28, 2021 under the Economic Adjustment Assistance program (CFDA 11.307). The grant will support Business Oregon's COVID Recovery Plan to provide technical, planning, and infrastructure assistance to the Salem, Oregon area, which has experienced adverse economic impacts from the pandemic. As the state's lead economic development agency, Business Oregon will leverage 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,...
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 Economic Development Administration awarded a $3.3 million Project Grant to Southwest Intermediary Finance Team, Inc. on March 29, 2022 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program. The funding will capitalize a $2.7 million revolving loan fund to provide access to capital for small businesses and entrepreneurs in 24 counties across central and western Oklahoma impacted by the COVID-19 pandemic. An additional $300,000 will help administer the revolving loan...
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...
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...
The Economic Development Administration of the Department of Commerce awarded a $1 million Project Grant to Metro Regional Government on September 29, 2021 under the Economic Adjustment Assistance program (CFDA 11.307). Through this award, Metro will provide technical assistance and support services to qualifying clients in the three-county Portland, Oregon region to help recover lost meeting and convention business for the vital tourism sector due to the COVID-19 pandemic. Specifically, Metro...