Jedco Jefferson Parish Economic Dev

This Eda Investment Supports the Jefferson Parish Economic Development and Port District (JEDCO) With Capitalizing a $1,350,000 Revolving Loan Fund (RLF) to Lend to Borrowers in Jefferson Parish, Louisiana. the Project Also Provides $150,000 to Defray the Cost of Administering the RLF. Once Implemented, the Project Will Help Alleviate Sudden and Severe Economic Dislocation Caused by the Coronavirus (COVID-19) Pandemic, Provide Permanent Resources to Support Economic Resiliency, and Further the Long-term Economic Adjustment Objectives of the Region.

Committed

$1.5 Million

Paid out
$1.2M
77%
Committed, not yet paid
$344.8K
23%

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 ↗

Federal grant · project grant (b)

Department of Commerce

Economic Development Administration

Economic Adjustment Assistance to