This project supports the mid-willamette valley council of governments (mwvcog) in providing secured loans to emerging and growing small businesses in communities recovering from natural disasters and…
Ended Project Grant Awarded Last action
- Award ID
- ED25SEA0G0027
- Recipient
-
Mid-Williamette Valley Council Of Governments UEI LC5MNQEBKSF5
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $500,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Funding
-
- $400,000.00 Federal
- $100,000.00 Non-federal
- Place of performance
- Salem, OR 97301, USA
Award details come from USAspending.gov.
Description
This project supports the mid-willamette valley council of governments (mwvcog) in providing secured loans to emerging and growing small businesses in communities recovering from natural disasters and economic downturn throughout polk, yamhill, and marion counties. Mwvcog expects to loan between $50K to $200K to businesses specializing in advanced manufacturing, agricultural and food processing, wood products, and forestry. Within its 18-month operating schedule, mwvcog anticipates that for every $50K lent, the program aims to create 1.5 FTE positions, leveraging $500K EDA investment into 15 jobs created, 15 jobs retained, and $50K in private equity investment.
Quick answers
Who received award ED25SEA0G0027?
ED25SEA0G0027 was awarded to Mid-Williamette Valley Council Of Governments by Economic Development Administration (Department of Commerce) on December 16, 2024.
How much is award ED25SEA0G0027 worth?
$500,000 has been obligated on ED25SEA0G0027: $400,000 in federal funding and $100,000 in non-federal funding.
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