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South Georgia to receive $825,000 in CARES Act funds for small businesses

State of Georgia receives $12 Million in CARES Act funding
Georgia Capitol
Posted at 11:28 PM, Jul 10, 2020
and last updated 2020-07-10 23:28:29-04

VALDOSTA, Ga. (WTXL) — Southern Georgia Regional Commission in Valdosta will receive $825,000 from the U.S. Department of Commerce’s Economic Development Administration Coronavirus Aid, Recovery and Economic Stability Act Recovery Assistance to encourage business development and job creation in the region.

The grants work with Revolving Loan Funds, relief loans to businesses impacted by the coronavirus pandemic to help them retain employees, sustain operations, and support their communities.

The State of Georgia is receiving $12 million in EDA CARES Act funding dispersed through seven regions.

In southern Georgia, small businesses in Atkinson, Bacon, Ben Hill, Berrien, Brantley, Brooks, Charlton, Clinch, Coffee, Cook, Echols, Irwin, Lanier, Lowndes, Pierce, Tift, Turner, and Ware Counties are eligible.

According to the U.S. Department of Commerce, eligible applicants include:

  • District Organization;
  • Indian Tribe or a consortium of Indian Tribes;
  • State, county, city, or other political subdivision of a State, including a special purpose unit of a State or local government engaged in economic or infrastructure development activities, or a consortium of political subdivisions;
  • Institution of higher education or a consortium of institutions of higher education; or
  • Public or private non-profit organization or association acting in cooperation with officials of a political subdivision of a State.

For more information click here.