- June 11, 2021
- Posted by: Stratford Team
- Category: Business
The Economic Development Administration of the U.S. Department of Commerce has awarded a $1.6 million CARES Act Recovery Assistance grant to the Coordinating and Development Corporation in Bossier City to construct a one-stop resource center for business development and growth.
The EDA grant will be matched with $400,000 in local funds.
This project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided EDA with $1.5 billion for economic assistance programs to help communities prevent, prepare for, and respond to coronavirus.
“The EDA’s grant and matching funds are an investment in economic growth for Northwest Louisiana that will yield positive short- and long-term results,” said Governor John Bel Edwards. “Our state’s economy is growing and diversifying, and we’re building a system of resiliency that will continue that trend and allow us to overcome future challenges….