Project Grant ED20ATL3070049

The Department of Commerce Economic Development Administration awarded a $61.5 million cooperative agreement to the International Economic Development Council under the Economic Adjustment Assistance program. The award funds the Economic Recovery Corps project to create a national recovery corps of at least 65 fellows embedded in economic development organizations across the United States. Over three years, fellows will help regions recover from the COVID-19 pandemic by increasing the capacity...

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 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...

This $300,000 project grant from the Department of Commerce Economic Development Administration (EDA) supports the development and implementation of a Comprehensive Economic Development Strategy (CEDS) for the Eastern Oklahoma Development District, Inc. region through the EDA's Economic Development Support for Planning Organizations program (CFDA 11.302). The Eastern Oklahoma Development District, Inc. will bring together public and private sector stakeholders across Adair, Cherokee, Okmulgee,...

The Department of Commerce Economic Development Administration (EDA) awarded a $250,000 Project Grant to the Central Florida Regional Planning Council under the Economic Adjustment Assistance (EAA) program. The funding will support the hiring of a Disaster Recovery Coordinator to aid long-term economic recovery and resiliency efforts in Central Florida through November 2024. Key services include assessing impacts of past disasters on local businesses and citizens, determining effectiveness of...

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 Arcata Economic Development Corporation (AEDC) received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The two-year award, provided through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024), will support AEDC's ability to respond to the economic impacts of the coronavirus pandemic in its service area through June 30, 2023. The CDFI RRP aims to bolster...

The Economic Development Administration (EDA) awarded a $2.679 million Project Grant to the Csra Resource Development Agency, Inc. under the Economic Adjustment Assistance (CFDA 11.307) program. The grant capitalizes a revolving loan fund to provide loans to borrowers in 13 counties in Georgia impacted by the COVID-19 pandemic. It will also cover administrative costs. The revolving loan fund will alleviate sudden economic dislocation and support long-term economic resiliency in the region...

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $250,000 Project Grant under the Economic Adjustment Assistance (CFDA 11.307) program to the South Delta Planning & Development District Inc., a non-profit organization. The grant funding will support hiring a Disaster Recovery Capacity Support Coordinator to assist local governments in Greenville, Mississippi with long-term economic recovery and resilience activities related to severe storm impacts. The...

The Department of Commerce Economic Development Administration (EDA) awarded $250,000 under the Economic Adjustment Assistance (EAA) program to the Northwest Tennessee Development District Inc. to create new local disaster recovery manager positions within the region. The new positions will provide technical assistance, grant writing, and project administration services to assist in disaster recovery from tornado damage across six counties in Northwest Tennessee. The positions will also help...