Agency / Department: Arkansas Economic Development Commission
Resource: Quick Action Loan Program
Details: Allocation of $4,000,000 from the Governor’s Quick Action Closing Fund
Eligible companies may apply for a loan or loan guaranty of up to $250,000.
Prioritize small to medium-sized companies that are in the supply chain of essential goods and services (including healthcare, food manufacturing, logistics)
Community Development Block Grant (CDBG)
Up to $12 million in CDBG assistance will be made available for COVID19 relief and recovery. This money will be used to provide grants to eligible local governments with which to provide direct economic assistance in the form of loans to companies impacted by COVID19 and grants to clinics, hospitals and other non-profits who are working hard to provide care in rural Arkansas and to vulnerable populations such as the homeless. AEDC is undertaking necessary regulatory steps required by the federal government to implement this assistance. This page will be updated as more information becomes available.