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Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.9 million EDA CARES Act Recovery Assistance grant to NDC to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to small businesses and entrepreneurs adversely affected by the coronavirus pandemic across Washington State.

“This investment comes at a crucial time to help Washington state 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. “Resources from this RLF will be available to Washington businesses across multiple industry sectors, including those located in the state’s 139 Opportunity Zones, to aid their recovery from these unprecedented challenges.”

Read Full Release HERE: https://www.eda.gov/news/press-releases/2020/09/29/wa.htm