DeFazio Announces More Than $381,000 for Coronavirus Recovery Funding for Small Businesses in Albany and Corvallis
Rep. Peter DeFazio (OR-04) today announced that he has secured more than $381,000 in coronavirus recovery funding for economic recovery planning efforts in the Albany/Corvallis area.
“The unparalleled economic damage caused by the COVID-19 pandemic has disproportionately impacted small businesses across Oregon” said Rep. Peter DeFazio. “I’m proud to have secured these funds that will help our community navigate the best way to recover from this unprecedented crisis.”
The U.S. Economic Development Administration (EDA) has awarded these funds as part of the Coronavirus Aid Relief, and Economic Security (CARES) Act to the Oregon Cascades West Council of Governments in Albany, Oregon.
These funds are in addition to $825,000 previously awarded to the Cascades West Council of Governments for gap financing for small businesses and entrepreneurs adversely affected by the coronavirus pandemic.
In March, DeFazio urged the EDA to grant businesses impacted by the COVID-19 pandemic emergency assistance funding and pressed the agency to allow greater flexibility and expediency when awarding the funding.