The University of Louisiana at Lafayette and Southern University in Baton Rouge will each be receiving $300,000 in federal funding to assist with the response to COVID-19.
The money to universities is part of the EDA's awarding of $7.8 million in EDA CARES Act Recovery Assistance grants to universities across the nation. They say the fund will help boost their capacity to support regional economic development strategies in response to the coronavirus pandemic.
“College students’ educations and careers are on hold while they cannot attend classes. It is critically important for them that universities reopen safely. This federal funding helps these universities prepare for the fall semester,” Senator Bill Cassidy said of the grant announcement.
Southern University and A&M College will receive a $300,000 EDA CARES Act Recovery Assistance grant to aid its EDA University Center at Southern University’s efforts to support entrepreneurship development for poverty reduction, enhance e-commerce training, conduct applied research on regional economies, and promote workforce and leadership development.
The University of Louisiana at Lafayette will receive a $300,000 EDA CARES Act Recovery Assistance grant to help its Louisiana Entrepreneurship & Economic Development Center (LEED) provide start-up and small business guidance and strategic planning in low-income and rural areas of Louisiana.
Both $300,000 grants were awarded by the Economic Development Agency (EDA). EDA requires that the money be spent on at least one of the following:
- Providing technical assistance to entrepreneurs, businesses and communities to assist in economic recovery efforts;
- Assisting with solutions to move courses to an online platform to support the business and entrepreneurial community;
- Supporting technology commercialization, entrepreneurship, product development and manufacturing aimed at the prevention of, preparation for, or response to the economic impacts of the coronavirus pandemic;
- Conducting, sharing and disseminating applied research to address challenges resulting from the economic impacts of the coronavirus pandemic;
- Conducting, sharing and disseminating applied research to address challenges resulting from the economic impacts of the coronavirus pandemic
- Assisting communities in identifying and supporting workforce talent through workforce training and other professional development programs.
To see other institutions that will be receiving federal funding, click here
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