Project Grant 077907602

The City and County of San Francisco received a $884,785 Project Grant award from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program. The grant will fund the Small Business COVID-19 Recovery Program to provide $884k in specialized technical assistance and recovery planning tools directly addressing survivability and revenue recovery needs for small businesses impacted by the pandemic. Services include financial management assistance,...

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 U.S. Department of Commerce Economic Development Administration (EDA) awarded a $1,417,164 project grant to the City of South San Francisco under the Economic Adjustment Assistance (EAA) program. The grant will support the development of a business resource center in partnership with the Renaissance Entrepreneurship Center to provide technical assistance services to emerging and established small businesses in North San Mateo County, California. Services will target low- and moderate-income,...

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 $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 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...

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 $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...

The U.S. Department of Commerce Economic Development Administration (EDA) awarded the County of Alameda $1,680,800 under the Economic Adjustment Assistance (EAA) federal grant program on October 21, 2021. The funding will support the County in establishing the Resilient East Bay Cluster Development Strategy to strengthen and support key industries impacted by COVID-19, including manufacturing, transportation, distribution, and logistics (TDL), and biotechnology/life science. Specifically, the...

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...