Federal grant · project grant (b)

South Eastern Economic Development Corporation

This Eda Investment Capitalizes a $3,750,000 Revolving Loan Fund (RLF) to Lend to Borrowers in the Following Geographic Region: Barnstable, Bristol, Dukes, Essex, Nantucket, Norfolk, Plymouth, and Suffolk Counties in Massachusetts. the Eda Investment Will Alleviate Sudden and Severe Economic Dislocation Caused by the Coronavirus Pandemic, Provide Permanent Resources to Support Economic Resiliency, and Further the Long-term Economic Adjustment Objectives of the Region. Once Implemented, the RLF Will Provide Access to Capital to Help Small Businesses and Entrepreneurs Recover From the Coronavirus Pandemic, Which Will Promote Job Creation and Retention, Attract Private Investment, and Bolster Economic Resiliency Throughout the Region.

Committed

$3.0 Million

Paid out
$1.4M
48%
Committed, not yet paid
$1.6M
52%

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗