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:
- August 8, 2020 – U.S. Department of Commerce Invests $1.65 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping Alaska Respond to Coronavirus
- August 7, 2020 – U.S. Department of Commerce Invests $16 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Indiana Respond to Coronavirus
- August 7, 2020 – U.S. Department of Commerce Invests $8.8 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Alabama Respond to Coronavirus
- August 7, 2020 – U.S. Department of Commerce Invests $8.8 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Ohio Respond to Coronavirus
- August 7, 2020 – U.S. Department of Commerce Invests $3.6 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping Indiana Respond to Coronavirus
- August 6, 2020 – U.S. Department of Commerce Invests $8.2 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Arkansas Respond to Coronavirus
- August 6, 2020 – U.S. Department of Commerce Invests $3.8 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping Michigan Respond to Coronavirus
- August 6, 2020 – U.S. Department of Commerce Invests $2 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping Ohio Respond to Coronavirus
- August 5, 2020 – U.S. Department of Commerce Invests $5.7 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Michigan Respond to Coronavirus
- August 5, 2020 – U.S. Department of Commerce Invests $3.3 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping Illinois Respond to Coronavirus
- August 4, 2020 – U.S. Department of Commerce Invests $8.2 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Illinois Respond to Coronavirus
- August 4, 2020 – U.S. Department of Commerce Invests $6.5 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Florida Respond to Coronavirus
- August 4, 2020 – U.S. Department of Commerce Invests $4.2 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Iowa Respond to Coronavirus
- August 3, 2020 – U.S. Department of Commerce Invests $35.5 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small Businesses Across Pennsylvania Respond to Coronavirus
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.