Gardner Applauds $3.4 Million in EDA Grants for Colorado to Respond to COVID-19
Press Release
U.S. Senator Cory Gardner (R-CO) applauded the announcement that five entities in Colorado will receive a combined total of $3,458,651 in grants from the Economic Development Administration (EDA) at the U.S. Department of Commerce. According to the Department of Commerce, this funding will be used to assist small business owners and entrepreneurs and to update local economic development plans and support programs to help communities respond to COVID-19.
"COVID-19 has resulted in unprecedented strain on communities across all four corners of Colorado," said Senator Gardner. "I'm excited to see this important funding from the U.S. Department of Commerce's Economic Development Administration delivered to several areas across Colorado to bolster local economies and help small businesses get through this pandemic. We must continue working together to ensure relief is reaching Coloradans and the American people."
This funding was authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020, and is in addition to the $300,000 awarded to the Southern Ute Indian and Ute Mountain Ute Tribes earlier this month, the $400,000 awarded to Garfield County by the EDA in July, and the $550,000 awarded to Montrose and Stratton by the EDA in July.
You can read more about Senator Gardner's actions to protect Coloradans from COVID-19 here.
The following entities will receive Revolving Loan Funds (RLFs) to assist small businesses:
San Luis Valley Development Resources Group -- $968,000
Western Colorado Business Development Corporation -- $550,000
Region 9 Economic Development District of Southwest Colorado -- $440,000
The following entities will receive Recovery Assistance grants:
Northwest Colorado Council of Governments Economic Development District -- $400,000
Southern Colorado Economic Development District -- $400,000
San Luis Valley Development Resources Group -- $397,148
Region 9 Economic Development District of Southwest Colorado -- $303,503
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