EDA Economic Adjustment
$1.5 billion was allocated for EDA Economic Adjustment Assistance (EAA) for COVID-19 prevention and response, including for necessary expenses for responding to economic injury due to COVID-19. Eligible uses include creating or updating disaster recovery plans, construction projects, market or industry research studies, technical assistance and capacity-building, and capitalization and recapitalization of revolving loan funds (RLFs) to provide loans to small businesses.
Resources:
Regional Economic Development Representatives
Develop a project briefing sheet and reach out to your regional economic development representative to discuss projects and begin the application process.
FTA TRANSIT ASSISTANCE FUNDING
The FTA was appropriated $25 billion in Transit Assistance Funding in the CARES Act and will fund 100% of costs with no matching fund requirement. Eligible uses include supporting capital, operating, and other expenses to prevent, prepare for, and respond to COVID-19.
Resources:
Guidelines for Transit Assistance Funding
The FTA released guidelines for the $25 billion fund.
Frequently Asked Questions from FTA Grantees Regarding COVID-19
These FAQs provide clarity regarding how COVID-19 preparations impact certain FTA requirements.
SMALL BUSINESS RELIEF & ASSISTANCE
$349 billion is available in forgivable SBA Paycheck Protection Program loans to small businesses to cover payroll, employee salaries, mortgage interest, and rent and utility payments associated with COVID-19 crisis. Eligible uses include paycheck protection, grants to small business development, women and minority business centers, and debt relief options for borrowers.
Resources:
Paycheck Protection Program
This SBA loan helps businesses keep their workforce employed during the coronavirus (COVID-19) crisis.
Economic Injury Disaster Loan Emergency Advance
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
Community Resilience
Looking Beyond the Current Coronavirus Crisis
How Our Cities Can Reopen after the COVID-19 Pandemic
How to Build an Invincible Community in this Uncertain World
Leadership, Before, During and After a Crisis
Vulnerable Communities
Sheltering the Homeless During the COVID-19 Pandemic
Preventing COVID-19 Generated Family Financial Instability
Small Business Support
Community Foundations Nationwide Launch Coronavirus Relief Efforts
Community Foundations Nationwide Launch Coronavirus Relief Efforts