U.S. Department of Commerce Invests $400,000 in CARES Act Funding to Boost Economic Development Programs Critical to Helping Six-county Northern Vermont Region Respond to Coronavirus
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $400,000 CARES Act Recovery Assistance grant to the Northern Vermont Economic Development District, St. Albans, Vermont, to update economic development plans and fortify programs to assist communities in responding to the coronavirus pandemic.
“The Trump Administration is eager to allocate these essential CARES Act funds and deliver on our promise to help American communities recover from the impact of COVID-19,” said Secretary of Commerce Wilbur Ross. “I am proud of the perseverance and strength shown by our communities coast to coast throughout this pandemic, and these funds will help provide Northwest Vermont with the necessary resources to make a swift and lasting economic comeback.”
“This investment comes at a crucial time to help Vermont’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 the Northern Vermont Economic Development District to help the region respond to the coronavirus pandemic by helping Regional Planning Commissions and Regional Development Corporations provide technical assistance to communities, businesses and organizations to spur the completion of projects that will support a sustained economic recovery.”
“As Vermont safely and responsibly reopens, treasured local establishments are learning how to survive the coronavirus pandemic and serve their neighbors for years to come,” said Congressman Peter Welch. “The CARES Act was designed by Congress to provide immediate relief and much needed investment in our communities struggling to cope with the coronavirus pandemic. I am pleased that this money will allow the Northwest Vermont Economic Development District continue its great work helping local businesses succeed, even during this unprecedented health crisis. We are all in this together.”
Northern Vermont Economic Development District, an EDA-designated Economic Development District (EDD), is one of the more than 850 existing, high-performing EDA EDD, University Center, Tribal, and Revolving Loan Fund (RLF) grant recipients invited to apply for supplemental funding under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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.