Brown Announces Nearly $2 Million to the Urban League for Small Businesses
U.S. Senator Sherrod Brown (D-OH) announced that the United States Economic Development Administration (EDA) has awarded a $1.8 million CARES Act Recovery Assistance grant to the Urban League of Greater Cleveland, Inc. (Cleveland, OH) The grant will be used to administer a Revolving Loan Fund (RLF) and will provide gap financing to small businesses in Cuyahoga County who have been impacted by the coronavirus pandemic. This grant will be matched with $450,000 in local funds and is expected to retain 300 jobs, create 300 new jobs, and help generate over $3 million in private investment for the community.
