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Courtney Announces $1.9 Million in CARES ACT Funding to SeCTer to Support Economic Recovery Amid COVID-19 Pandemic

July 31, 2020
Press Release

WASHINGTON, DC – This week, Congressman Joe Courtney (CT-02) helped announce the award of a federal grant totaling more than $1.9 Million to the Southeastern Connecticut Enterprise Region (SeCTer). The new funding was awarded through the U.S. Department of Commerce Economic Development Administration (EDA), as part of the EDA’s CARES Act Recovery Assistance program, and will enable SeCTer to continue supporting local small businesses, entrepreneurs, and the regional economy in a variety of ways.

“I want to congratulate Nancy Cowser, Melinda Wilson, and the rest of the team at SeCTer on receiving this crucial award from the U.S. Department of Commerce and EDA,” said Congressman Courtney. “The SeCTer team has played a vital role in maintaining the strength of the Second District’s economy, and I’m confident they’ll utilize this nearly $2 million in new federal funding to help our businesses and municipalities keeping battling back against the severe economic downturn during this unprecedented pandemic. This funding was authorized by the CARES Act back in March—over four months ago. It’s great to see these resources come home to support our eastern Connecticut economy, but the economic fallout of COVID-19 hasn’t tapered off. It’s plain to see that our local businesses, towns, and families are going to need more support. The HEROES Act would give it to them, and the Senate can’t waste more time in coming to the table with a serious economic aid package.”

“SeCTer is very proud to have been trusted by EDA to deploy resources towards our region’s economic recovery,” said Nancy Cowser, Executive Director of SeCTer. “Between our Procurement Technical Assistance Center, Small Business Lending program, Small Business Development Center Consultant, Economic Development services and tools, and now this funding, we have put  the pieces together under one roof to amplify our service to the region’s municipalities, businesses, and our partners in economic recovery and resilience.”

A federal grant award of $1,936,000 will be awarded to SeCTer through the EDA’s CARES Act Recovery Assistance Program. The new EDA investment will help to alleviate sudden and severe economic dislocation caused by the COVID-19 pandemic, and will provide resources to SeCTer to help them continue to bolster economic resiliency and to further the long-term economic objectives of eastern Connecticut. The CARES Act Recovery Assistance program was authorized by Congress through the bipartisan CARES Act, and 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 more information on SeCTer’s work in eastern Connecticut, click here
 

                                                                       

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