CARES Act funding to help DSU boost local economy

WASHINGTON — The U.S. Department of Commerce’s Economic Development Administration is awarding a $300,000 CARES Act Recovery Assistance grant to Delaware State University to boost their capacity to support regional economic development strategies in response to the coronavirus pandemic.

Delaware State University, 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 grant recipients invited to apply for supplemental funding under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The CARES Act, signed into law by President Donald J. Trump, 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 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 complete information, please visit our recently updated EDA CARES Act Recovery Assistance page.