The Rural Community Assistance Corporation (RCAC) was awarded a $3.125 million project grant from the Department of Commerce Economic Development Administration (EDA) on February 18, 2021. The funding supports RCAC's work under the EDA's Economic Adjustment Assistance (EAA) program, which provides technical and planning assistance to regions experiencing adverse economic changes.
Specifically, the grant will allow RCAC to deliver revolving loan fund administration and technical assistance services to communities in West Sacramento, California impacted by economic dislocations. As the EAA program intends, RCAC's products and services will aid the region's adjustment to sudden or gradual economic impacts through public works and infrastructure projects. The two-year, $3.125 million award will further the EAA program's goal of promoting economic recovery, diversification, and competitiveness in distressed areas nationwide.
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