Project Grant ED20CHI3070044

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 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....

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $209,678 Project Grant to the Columbiana County Port Authority (CCPA) to launch its Economic Recovery Specialist Program. The funding will support CCPA in providing dedicated economic recovery assistance to the region, which was severely impacted by the COVID-19 pandemic. The Recovery Coordinators will focus on business retention efforts to ensure local companies have the necessary resources to recover, analyze...

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...

This $3.75 million Economic Development Administration (EDA) Project Grant under the Economic Adjustment Assistance (CFDA 11.307) program capitalizes a revolving loan fund (RLF) administered by the South Eastern Economic Development Corporation. The RLF will provide access to capital for small businesses and entrepreneurs in eight counties in Massachusetts to recover from the economic impacts of the COVID-19 pandemic and promote job creation and private investment. Awarded on April 28, 2022, the...

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $500,000 Project Grant to the Upper Minn Valley Regional Development Commission (UMVRDC) on April 5, 2022 under the Economic Adjustment Assistance (EAA) program (CFDA #11.307). The grant funds will capitalize a $500,000 revolving loan fund (RLF) to be administered by UMVRDC. The RLF will provide loans to small businesses and entrepreneurs across five counties in Minnesota - Big Stone, Swift, Lac Qui Parle,...

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 Lean Rocket Lab $704,128.14 under the Economic Adjustment Assistance (CFDA 11.307) federal grant program to establish the MANU-TECH (MANUFACTURING TECHNOLOGY) VIRTUAL INCUBATOR COVID RESPONSE UNIT. This Project Grant will support the delivery of technical assistance and business incubation services to manufacturing firms in Jackson, Michigan from April 2021 through October 2022. The EDA Economic Adjustment Assistance...

The Department of Commerce's Economic Development Administration (EDA) awarded a $1 million Project Grant under its Economic Adjustment Assistance (CFDA 11.307) federal grant program to the District of Columbia government. The grant will support statewide planning efforts from October 2021 through March 2024 to develop comprehensive economic recovery and resiliency plans following the COVID-19 pandemic. As one of EDA's six programs distributing $3 billion in American Rescue Plan funds, this...

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...