From staff reports 8 hrs ago
The U.S. Commerce Department’s Economic Development Administration (EDA) recently awarded a $5.4 million CARES Act Recovery Assistance grant to the Northwest Pennsylvania Regional Planning & Development Commission.
According to a commission news release, the money will provide gap CARES Act financing to small businesses and entrepreneurs adversely affected by the coronavirus pandemic.
Resources will be made available to businesses working to recover from the coronavirus pandemic in Venango, Clarion, Forest, Crawford, Mercer, Erie, Lawrence and Warren counties, the release said.
“This investment will provide small businesses in Pennsylvania with the necessary capital to rebound from the coronavirus pandemic and, in turn, create a stronger and more resilient regional economy for the future,” Secretary of Commerce Wilbur Ross said.