The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include:
- July 30, 2020 – U.S. Department of Commerce Invests $7.8 Million in CARES Act Funding to Boost Capacity of Universities Across Nation to Help Communities and Businesses Respond to and Recover from Economic Impact of Coronavirus Pandemic
- July 30, 2020 – U.S. Department of Commerce Invests $38 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Southern California Respond to Coronavirus
- July 30, 2020 – U.S. Department of Commerce Invests $1.5 Million to Establish Business Revolving Loan Fund Near Opportunity Zone in Milwaukee, Wisconsin
- July 29, 2020 – U.S. Department of Commerce Invests $15 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Northern California Respond to Coronavirus
- July 29, 2020 – U.S. Department of Commerce Invests $14.3 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across South Carolina Respond to Coronavirus
- July 29, 2020 – U.S. Department of Commerce Invests $3.6 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping Minnesota Respond to Coronavirus
- July 28, 2020 – U.S. Department of Commerce Invests $23 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Minnesota Respond to Coronavirus
- July 28, 2020 – U.S. Department of Commerce Invests $11.8 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Georgia Respond to Coronavirus
- July 28, 2020 – U.S. Department of Commerce Invests $5.4 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Connecticut Respond to Coronavirus
- July 28, 2020 – U.S. Department of Commerce Invests $1.8 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Delaware Respond to Coronavirus
- July 27, 2020 – U.S. Department of Commerce Invests $11.4 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Wisconsin Respond to Coronavirus
- July 27, 2020 – U.S. Department of Commerce Invests $8.6 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Washington Respond to Coronavirus
- July 27, 2020 – U.S. Department of Commerce Invests $2.5 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping Wisconsin Respond to Coronavirus
- July 27, 2020 – U.S. Department of Commerce Invests $299,740 in CARES Act Funding to Boost the University of Wisconsin-Madison to Help Communities and Businesses Respond to and Recover from Economic Impact of Coronavirus Pandemic
The CARES Act, signed into law by President Donald J. Trump, provides EDA with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to the coronavirus pandemic.
On May 7, Secretary Ross announced that EDA is accepting applications for CARES Act Recovery Assistance funding opportunities.
EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) (PDF) program, provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic. For complete information, please visit our recently updated EDA CARES Act Recovery Assistance page.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.