EDA accepting apps for CARES+

U.S. Secretary of Commerce Wilbur Ross announced May 7 that the department’s Economic Development Administration (EDA) is accepting applications from eligible grantees for Coronavirus Aid, Relief, and Economic Security Act (CARES Act) supplemental funds (EDA CARES Act Recovery Assistance) intended to help communities prevent, prepare for, and respond to coronavirus. “President Trump is working tirelessly to make sure Americans stay safe during this crisis and that our economy is loaded to spring back when this global scourge recedes,” said Ross. The recovery assistance is designed to provide a wide-range of financial assistance to communities and regions impacted by the pandemic. On March 27, President Donald J. Trump signed the $2T CARES Act into law. CARES provides EDA with $1.5B of which $1.467B is available for grant making. The remaining funds are to cover salaries and expenses and oversight activities. The Secretary’s announcement comes as EDA has published an Addendum to its FY 2020 Public Works and Economic Adjustment Assistance Notice of Funding Opportunity (FY20 PWEAA NOFO) making the funds available. (Source: Department of Commerce 05/07/20) https://www.commerce.gov/news/press-releases/2020/05/us-department-commerce-announces-availability-15-billion-cares-act.