The University of Louisville received a $937,500 project grant award from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program. The Pandemic-Related Product Acceleration & Responsive Entrepreneurship (PREPARE) Program will provide $937,500 in funding from April 15, 2021 through April 30, 2023.
The PREPARE Program aims to support Louisville-area businesses through the Office of Research & Innovation at the University of Louisville. As the EDA's Economic Adjustment Assistance program seeks to aid regions facing adverse economic changes, this project grant will likely fund products or services that help local businesses address challenges from the COVID-19 pandemic through entrepreneurship and innovation initiatives. The two-year period will allow for responsive support as pandemic impacts continue unfolding.
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