The U.S. Department of Commerce Economic Development Administration (EDA) awarded $1.3 million under the Economic Adjustment Assistance (EAA) program to the Regents of the University of California at Riverside on September 9, 2021. The funding will support the Office of Technology Partnerships at UC Riverside to provide individualized technical assistance to over 1,000 small businesses in the Inland Empire region of California impacted by COVID-19, with a focus on minority-owned businesses.
Specifically, the EDA investment of $900k will allow UC Riverside to assist small businesses with strategies, programs, and resources to build resilience and diversify their product and service portfolios by leveraging technology and specialized services. This will help the small businesses recover from the pandemic's economic impacts and build resilience to future challenges. The EAA program supports regions facing adverse economic changes, consistent with the award's focus on COVID-19 recovery and economic disruption resilience for small businesses.
Generated 1/6/24, 8:23 PM