Project Grant ARC04C14828

This $2 million Economic Development Administration Project Grant capitalizes a revolving loan fund to provide access to capital for small businesses and entrepreneurs recovering from the COVID-19 pandemic in Coos, Curry, and Douglas Counties, Oregon. Awarded on March 31, 2022, the grant funds the CCD Business Development Corporation to administer the revolving loan fund under the Economic Adjustment Assistance program (CFDA 11.307). The revolving loan fund will lend to borrowers in the targeted...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Rev Federal Credit Union $1,826,265 under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The award is intended to support Rev Federal Credit Union in providing financial products and services through December 31, 2023 to respond to the economic impacts of the coronavirus pandemic in the United States, consistent with the CDFI...

This $2 million Economic Adjustment Assistance award from the Department of Commerce's Economic Development Administration will capitalize a revolving loan fund administered by Valley Economic Development Partners Inc. to support small businesses and entrepreneurs in Trumbull and Mahoning Counties, Ohio. The revolving loan fund aims to promote economic recovery in the region that has experienced long-term economic distress exacerbated by recent coal-fired power plant closures. By providing...

This U.S. Department of Commerce Economic Development Administration (EDA) Project Grant award of $2,684,252 supports the Greater Nashville Regional Council in establishing a Revolving Loan Fund (RLF) to serve small businesses across 13 counties in northern Middle Tennessee. The RLF will provide financing to small businesses facing barriers to obtaining traditional SBA and bank loans, enabling them to grow, create new jobs, and strengthen the regional economy. The EDA's Economic Adjustment...

The Northeast Entrepreneur Fund, Inc., doing business as Entrepreneur Fund, was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The grant will support Entrepreneur Fund's ability to provide financing and technical assistance to businesses and communities impacted by the economic effects of the COVID-19 pandemic from...

This $4.5 million Project Grant from the Department of Commerce's Economic Adjustment Assistance program will capitalize a $2.5 million revolving loan fund administered by the Southeastern Connecticut Enterprise Region Corporation (Secter). The revolving loan fund will provide access to capital for small businesses and entrepreneurs in 41 municipalities across New London, Windham, and Tolland Counties in Connecticut to aid their recovery from the impacts of the COVID-19 pandemic. By promoting...

The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $1.8 million Project Grant to Community Redevelopment Loan And Investment Fund, Inc. on June 15, 2021 through the Community Development Financial Institutions Rapid Response Program. The grant will support Community Redevelopment Loan & Investment Fund Inc.'s ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of the COVID-19...

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 Solar and Energy Loan Fund of St. Lucie County, Inc., doing business as Solar & Energy Loan Fund, was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The grant period runs through September 30, 2023 under the Community Development Financial Institutions Rapid Response Program. The CDFI RRP aims to support Community Development Financial Institutions' ability to address the economic impacts of...

This $2 million Economic Development Administration Project Grant capitalizes a revolving loan fund to provide access to capital for small businesses and entrepreneurs recovering from the coronavirus pandemic in Boone, McHenry, and Winnebago Counties, Illinois. Administered by the Rockford Local Development Corporation, the revolving loan fund will promote job creation, retention, and economic resiliency in the region by attracting private investment through loans to borrowers. Awarded on...