On May 19, 2020, the National Association of Development Organizations (NADO) and officials from the U.S. Department of Commerce Economic Development Administration (EDA) hosted a webinar to share information about the $1.5 billion in supplemental funding that EDA received in the CARES Act, which was enacted on March 27 in response to the COVID-19 pandemic.
EDA experts featured during this webinar discussed the EDA Notice of Funding Opportunity (NOFO) addendum that guides the administration of this supplemental EDA funding. EDA staff also explained the non-competitive funding process through which Economic Development Districts (EDDs), EDA Revolving Loan Fund (RLF) operators, and EDA University Centers may be eligible to receive expedited funding.
Press play on the video above to watch the recording. (Note: Audio difficulties caused the webinar to conclude early; however, all presentations and most of the Q and A portion were conducted and recorded)
Click here to download the presentation slides (PDF).