Community and Small Business Support

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

Disaster Assistance 

Community Foundations Nationwide Launch Coronavirus Relief Efforts

 

Mailing Address: P.O. Box 846 Santa Fe, NM 87504

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