The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $300,000 CARES Act Recovery Assistance grant to Delaware State University in Dover, to boost their capacity to support regional economic development strategies in response to the coronavirus pandemic.
U.S. Secretary of Commerce Wilbur Ross said, “I am proud of the perseverance and strength shown by our communities coast to coast throughout this pandemic, and these funds will help provide Delaware with the necessary resources to make a swift and lasting economic comeback.”
“This investment comes at a crucial time to help Delaware’s and our nation’s economy come roaring back and provide hard-working Americans with new opportunities,” said Dana Gartzke, performing the delegated duties of the Assistant Secretary of Commerce for Economic Development.
“We are pleased to make this investment in Delaware State University’s University Center for Economic Development & Trade to respond to the coronavirus pandemic by providing small businesses with web-based e-commerce assistance including training, development and consultation, and by creating a website to provide Delaware small businesses with an online platform dedicated to the selling of products and services produced by local businesses.”
Delaware State University, a current EDA University Center grantee, is one of the more than 850 existing, high-performing EDA Economic Development District, University Center, Tribal & Revolving Loan Fund (RLF) grant recipients invited to apply for supplemental funding under the Coronavirus Aid, Relief & Economic Security (CARES) Act.
The CARES Act 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, Ross announced that EDA was 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) program, provides a 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, visit the EDA CARES Act Recovery Assistance page.