TVA Economic Development— Our Power is Your Recovery

TVA Economic Development is here to connect communities and businesses to resources that can speed up their recovery.  See a listing below.

Economic Development Administration (EDA) CARES Act Recovery Assistance

The EDA has received $1.5 billion in funding to help communities prevent, prepare for, and respond to COVID-19. Given the widespread nature of the pandemic, most communities in the 50 states and US territories are eligible for funding. EDA’s coronavirus website has several resources, including a FAQ, a press release on the announcement of funding, and a webinar that details the Act. 

Communities can view this Notice of Funding Opportunity (NOFO) to learn how to apply at grants.gov.

Small Business Administration (SBA) Funding for Small Businesses

The Senate has passed a $484 billion small business stimulus package which allows additional funding for the Paycheck Protection Program and the Economic Injury Disaster Loan Emergency Advance. The SBA began accepting new applications on April 27 – click here for information. 

US Department of Homeland Security – Federal Emergency Management Agency (FEMA) 

Communities may be eligible for funding due to the March 13th declaration of a public emergency in response to COVID-19. This action “directs FEMA to assist state, local, tribal, territorial governments and other eligible entities with the health and safety actions they take on behalf of the American public”. Visit this site for updates on COVID-19 funding for your community. Each state, territory, and tribal government has an entry for COVID-19, with important information under the “Financial Assistance” section.

Centers for Disease Control (CDC) 

The CDC’s website is the most comprehensive resource on COVID-19. The agency also offers information for businesses and workplaces on how to plan, prepare, and open in response to COVID-19.

Internal Revenue Service (IRS) 

The IRS has extended the deadline for filing taxes and any payments of due federal income tax until July 15th, 2020. They have also created a section for taxpayers on businesses impacted by COVID-19.  

US Department of Labor (DOL) 

DOL is providing resources for COVID-19 workplace safety – including OSHA guidance; wages, hours,and leave as well asunemployment insurance.

US Department of Agriculture (USDA) 

The USDA offers an FAQ on food safety, information on trade and foreign agriculture affairs, and updates on support services such as SNAP and WIC.

Department of Education (DOE) 

With so many elementary, secondary, and higher education schools currently closed, but considering factors on how to re-open as they approach the start of new academic years, DOE has COVID-19 resources for educators. 

Export-Import Bank of the United States (EXIM) 

EXIM is offering several relief measures to banks, exporters, and small businesses impacted by the coronavirus.

US Chamber of Commerce (non-governmental organization) 

The Chamber has developed a “Resources and Guidelines for Business” site to help business owners and employees address the economic and business impact of COVID-19.

The Consumer Financial Protection Bureau (CFPB) 

The CFPB is offering resources on how individuals can protect themselves financially, including those suffering hardships when repaying debts and lenders, and what to do if one loses their job. 

USA.gov 

A comprehensive collection of government resources for businesses and residents, which includes a section dedicated to COVID-19.