WASHINGTON, Va. (WFXR) – On Friday, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced it is awarding a $400K in CARES Act Recovery Assistance grant to the New River Valley Regional Commission to update economic development ideas and solidify programs to assist area communities in responding to the health emergency.
“The Trump Administration is eager to allocate these essential CARES Act funds and deliver on our promise to help American communities recover from the impact of COVID-19. I am proud of the perseverance and strength shown by our communities coast to coast throughout this pandemic, and these funds will help provide Virginia’s New River Valley region with the necessary resources to make a swift and lasting economic comeback.”Wilbur Ross, U.S. Secretary of Commerce
The CARES Act was signed into law by President Trump and provides the EDA with $1.5 billion for economic development assistant programs aiding in the prevention, preparation and response to the coronavirus pandemic.
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