Missouri is set to receive $5.2 million in Revolving Loan Funds through the Economic Development Administration (EDA) in the Department of Commerce, some of which is coming to the Lake Area.
Congresswoman Vicki Hartzler says the Lake of the Ozarks Council of Governments will be getting more than a half million dollars from those funds to help local leaders and businesses in Camden, Laclede, Miller and Morgan counties.
Hartzler Announces $5.2 Million Coronavirus Relief Funds for Missouri Small Businesses
WASHINGTON, D.C. – Congresswoman Vicky Hartzler (MO-04) announced that Missouri is set to receive $5.2 million in Revolving Loan Funds through the Economic Development Administration (EDA) in the Department of Commerce. Hartzler voted in support of bolstering funding levels for the program to provide assistance to small businesses impacted by the coronavirus. In Missouri’s 4th Congressional District and surrounding areas, the funds have been disbursed to:
• The Economic Development Corporation of Kansas City receiving $967,989 to provide access to capital and resources to small businesses facing coronavirus-related hardships in Jackson, Platte, Cass, and portions of Clay counties.
• Lake of the Ozarks Council of Local Governments in Camdenton will receive a $550,000 to assist local lenders and businesses impacted by the pandemic in Camden, Laclede, Miller, and Morgan counties.
• Meramec Regional Planning Commission in St. James will receive a $858,000 to support small business development in Dent, Crawford, Gasconade, Maries, Osage, Phelps, Pulaski, and Washington counties.
For additional information on Revolving Loan Funds, please click here. These funds, intended to provide relief to small businesses in Missouri facing negative financial pressures during the COVID-19 pandemic, were authorized by the CARES Act. The EDA was established in the 1960s to help communities throughout the country rebuild the necessary infrastructure to foster growth and help stimulate regional economies. Hartzler supported $1.5 billion of funding to the EDA under the CARES Act in March 2020.