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The University of Texas at Tyler is set to receive and additional $300,000 in CARES Act Recovery Assistance funds from the Economic Development Administration (EDA), a part of the U.S. Department of Commerce.
The money is intended to, “boost their capacity to support regional economic development strategies in response to the coronavirus pandemic,” according to an EDA news release. The CARES Act supplied the EDA with $1.5 billion to direct toward economic assistance in order to help communities, “prevent, prepare for, and respond to the coronavirus pandemic.”
“The Trump Administration is eager to allocate these essential CARES Act funds and deliver on our promise to help American communities recover from the impact of COVID-19,” Secretary of Commerce Wilbur Ross said. “I am proud of the perseverance and strength shown by our communities coast to coast throughout this pandemic, and these funds will help provide Texas with the necessary resources to make a swift and lasting economic comeback.”
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