Rep. Keller announces ‘resiliency’ grants
LOCK HAVEN — More federal funds are available for low-interest loans to help businesses in Clinton, Centre and Lycoming counties.
U.S. Rep. Fred Keller, R-12 Congressional District, announced that the Economic Development Administration (EDA) has awarded SEDA-Council of Governments (SEDA-COG) and Northeastern Pennsylvania Industrial Resource Center, Inc. COVID-19 Recovery and Resiliency Project grants that will help communities across Pennsylvania’s 12th District respond to the COVID-19 pandemic.
As part of the EDA’s CARES Act Recovery Assistance, the investment to SEDA-COG and Northeastern Pennsylvania Industrial Resource Center capitalizes Revolving Loan Funds to lend to borrowers to address the economic development needs of small businesses and entrepreneurs impacted by COVID-19.
Earlier this year, U.S. Rep. Keller voted for the CARES Act, which provided emergency COVID-19 relief to small businesses, individuals, and local and state governments.
The CARES Act was signed into law on March 27, 2020 and provides EDA with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to coronavirus.
A grant in the amount of $6,325,000 to SEDA-COG will capitalize a Revolving Loan Fund to lend to borrowers in Centre, Clinton, Juniata, Lycoming, Mifflin, Northumberland, Snyder, Union, and Perry counties.
A grant in the amount of $550,000 to Northeastern Pennsylvania Industrial Resource Center Inc. will capitalize a Revolving Loan Fund to lend to borrowers in Sullivan, Tioga, and Wyoming counties.
Included in both grants is funding to cover the cost of administering the Revolving Loan Funds.
On the awarding of these grants, U.S. Rep. Keller made the following statement:
“It is great to see that the money allocated in the CARES Act is resulting in federal relief dollars flowing to communities across Pennsylvania’s 12th District. These grant announcements are a sign that our federal relief efforts are continuing to have an impact and money is still be driven out to our local communities. Congress should be focused on driving out remaining funds from the CARES Act to safely re-open the economy and support the hardest hit industries in Pennsylvania before rushing to spend additional federal taxpayer dollars.”