Southeast Missouri Regional Planning Commission Will Receive a Total of $1 Million for Small Businesses Suffering from COVID 19.

The Southeast Missouri Regional Planning Commission will receive a total of $1 million worth of federal funding to help area small businesses that were affected by the coronavirus pandemic. Small business in Bollinger, Cape Girardeau, Iron, Madison, Perry, St. Francois and Ste. Genevieve Counties are eligible to receive loans for support of economic growth within their business. This funding is part of $5.2 million worth of CARES Act recovery assistance that is being provided by the U.S. Department of Commerce’s Economic Development Administration. The funding will maximize and manage Revolving Loan Funds in order to provide gap financing for small businesses along with entrepreneurs who have been affected by COVID 19 across the state. The currant EDA RLF grantees are just some of over 850 existing high-performing EDA RLF, Economic Development District, University Center, and Tribal grant recipients that are being encouraged supplemental funding under the CARES Act.

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