Grant
June 26 - 30, 2017
- $450,000 to the Rural Nevada Development Corporation, Ely, Nevada, to provide resources to capitalize a Revolving Loan Fund that will cover 14 rural counties in Nevada, including Elko, Esmeralda, White Pine, Lincoln, Eureka, Lander, Pershing, Humboldt, Nye, Churchill, Storey, Douglas, Mineral, and Lyon. This investment will support expanding small business access to capital and entrepreneurship development services in most economic development plans across the region which will lead to small business job creation and diversification. This investment is part of a $900,000 project.
- $50,000 to the Rural Nevada Development Corporation, Ely, Nevada, to fund administrative costs related to the operation and improved efficiency of a Revolving Loan Fund that will cover 14 rural counties in Nevada, including Elko, Esmeralda, White Pine, Lincoln, Eureka, Lander, Pershing, Humboldt, Nye, Churchill, Storey, Douglas, Mineral, and Lyon. Establishing a revolving loan program will support expanding small business access to capital and entrepreneurship development services across the region which will lead to small business job creation and diversification. This investment is part of a $100,000 project.
- EDA invested $480,000 in five Partnership Planning investments totaling $815,000 to support the development and implementation of the Comprehensive Economic Development Strategy (CEDS) process. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.