Federal grant · project grant (b)

South Central Planning and Development Commission, Inc.

This Eda Investment Supports the South Central Planning and Development Commission With Establishing a Revolving Loan Fund (RLF) to Help Alleviate Sudden and Severe Economic Dislocation Caused by the Coronavirus (COVID-19) Pandemic in Houma, Louisiana. the RLF Will Support Gap Financing Business Lending to Enable Businesses Within the Region to Recover From the Financial Impacts of the COVID-19 Pandemic and Aid in Resilience Against Future Economic Disruptions. Once Implemented, the Project Will Provide Permanent Resources, Provide Access to Working Capital, and Further the Long-term Economic Adjustment Objectives of the Region.

Committed

$3.3 Million

Paid out
$183.0K
6%
Committed, not yet paid
$3.1M
94%

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 ↗