January 17 - 21, 2022

EDA announced one investment from January 17-21, 2022, totaling $3,000,000, which is matched by $300,000 in local investment.  This Economic Adjustment Assistance-COVID-19 Recovery and Resiliency project will help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic, as follows:

• $3,000,000, matched by $300,000 in local investment, to the South Central Planning and Development Commission, Houma/Terrebonne County, Louisiana, to support the establishment of a Revolving Loan Fund (RLF) to help alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic in Houma, Louisiana.  The RLF will support gap financing business lending to enable businesses within the region to recover from the financial impacts of the COVID-19 pandemic and aid in resilience against future economic disruptions.  Once implemented, the project will provide permanent resources, provide access to working capital, and further the long-term economic adjustment objectives of the region.