Cdfi rapid response program award

The Adirondack Economic Development Corporation (AEDC) was awarded a $500,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021 through December 31, 2023. The award is part of the Community Development Financial Institutions Rapid Response Program (CDFI RRP), a federal initiative under the CFDA number 21.024 that provides support to Community Development Financial Institutions as they prepare for and respond to the economic impacts of the coronavirus pandemic.

Under the award, AEDC will use the $500K in funding to deliver services and products that bolster the ability of its local community to withstand and recover from the economic effects of the COVID-19 crisis through December 2023. As a Community Development Financial Institution serving the Adirondack region, AEDC is well-positioned to administer aid to local businesses and organizations through this federal grant program.