Project Grant 086905704
- 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 awarded a $1,375,000 Project Grant to the South Plains Association of Governments on February 11, 2021 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program. The funding will support technical, planning, and infrastructure assistance to the Lubbock, TX area, which has experienced adverse economic impacts that may have occurred suddenly or over time. As the EAA program description notes, the grant funds will aid...
- The Department of Commerce Economic Development Administration awarded a $1,375,000 Project Grant to the South Plains Association of Governments on February 11, 2021 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program. The funding will support technical, planning, and infrastructure assistance to the Lubbock, TX area, which has experienced adverse economic impacts that may have occurred suddenly or over time. As the EAA program description notes, the grant funds will aid...
- The Department of Commerce Economic Development Administration awarded a $300,000 Project Grant to the South Plains Economic Development District to support development and implementation of a Comprehensive Economic Development Strategy under the Economic Development Support for Planning Organizations program. The grant will fund creation of a CEDS, which is an economic development roadmap to diversify and strengthen the regional economy encompassing 15 counties in the Lubbock, Texas area....
- 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...
- The Department of Commerce Economic Development Administration awarded a $500,108 Project Grant to the Central South Dakota Enhancement District on May 8, 2023 under the Economic Adjustment Assistance program (CFDA 11.307). The grant funding will support the establishment of a revolving loan fund to provide short-term, gap financing to businesses in ten counties in central South Dakota. The new revolving loan fund will serve as a local source of capital for new, existing, and expanding...
- The Department of Commerce Economic Development Administration awarded a $2.5 million Project Grant to Peoplefund on April 22, 2021 under the agency's Economic Adjustment Assistance (EAA) program. Peoplefund will utilize the funding to establish a revolving loan fund (RLF) to provide capital and technical assistance for small businesses and entrepreneurs in Austin, Texas impacted by adverse economic changes. Known as the CARESACT COMPETITIVE RLF, the program aims to support economic recovery and...
- The Department of Commerce Economic Development Administration (EDA) awarded a $300,000 Project Grant to the Permian Basin Regional Planning Commission under the Economic Development Technical Assistance (CFDA 11.303) federal grant program. The funding supports development and implementation of a Comprehensive Economic Development Strategy (CEDS) for the 17-county Permian Basin region of Texas from January 2022 through December 2024. As the designated economic development district, the Permian...
- 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,...
The Department of Commerce Economic Development Administration awarded a $861,310 Project Grant under the Economic Adjustment Assistance program to capitalize a revolving loan fund and provide administrative costs. The grant will capitalize a $775,179 revolving loan fund to provide loans to borrowers in South Plains Association of Governments, Panhandle and Permian Basin regions of Texas. It will also provide $86,131 to the South Plains Association of Governments to cover the costs of administering the revolving loan fund. The revolving loan fund and administrative funding will alleviate sudden and severe economic dislocation caused by the COVID-19 pandemic and further the long-term economic adjustment objectives of the region by providing permanent resources to support economic resiliency. The grant period runs from September 19, 2022 to September 19, 2025.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $861.3k | 9/27/22 |