The U.S. Department of Commerce's Economic Development Administration (EDA) is awarding a two-year, $281,204 CARES Act Recovery Assistance grant to Fayetteville State University (FSU), to boost their capacity to support regional economic development strategies in response to the coronavirus pandemic.
"This investment comes at a crucial time to help North Carolina's and our nation's economy come roaring back and provide hard-working Americans with new opportunities," said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. "We are pleased to make this investment in the EDA University Center at Fayetteville State University to respond to the coronavirus pandemic by launching initiatives that support regional e-commerce training, business rebranding, and expanded participation in the supply chain for personal protective equipment products and services."
FSU, a current EDA University Center grantee, is one of the more than 850 existing, high-performing EDA Economic Development District, University Center, Tribal, and Revolving Loan Fund (RLF) grant recipients invited to apply for supplemental funding under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The CARES Act provides EDA with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to the coronavirus pandemic.
EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau's flexible Economic Adjustment Assistance (EAA) (PDF) program, provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic. For more information, please visit our recently updated EDA CARES Act Recovery Assistance page.
Please contact EDA UC at FSU program director, Malika Bennett, email@example.com or 910-672-1017, for more information.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.