US Department of Commerce invests $68K in CARES Act recovery funds

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The U.S. Department of Commerce’s Economic Development Administration awarded a $68,250 CARES Act Recovery Assistance grant to the West Michigan Shoreline Regional Development Commission.

The Economic Development Administration (EDA) grant will be matched with $17,063 in local funds and will help develop a study to analyze entrepreneurial support needs in Muskegon and West Michigan, including business startup, business acceleration and potential sectors for new growth.

The CARES Act, signed into law by President Donald Trump, provides EDA with $1.5 billion for economic development assistance programs to help communities prevent, prepare for and respond to the COVID-19 pandemic.

“President Trump champions the small businesses and entrepreneurs who help drive our country’s economy,” Secretary of Commerce Wilbur Ross said. “This investment will provide the resources that West Michigan needs to support entrepreneurial growth and rebound from the coronavirus pandemic and, in turn, create a stronger and more resilient state economy for the future.”

West Michigan Shoreline Regional Development Commission is an EDA-designated economic development district, or EDD.

EDA CARES Act Recovery Assistance, which is administered under the authority of the bureau’s Economic Adjustment Assistance program, provides a wide range of financial assistance to communities and regions as they respond to and recover from the impacts of COVID-19.

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