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For Immediate Release: Cape Cod Commission Receives Major Investment to Support the Regional Economy

By on June 29, 2020 in Press Releases, Recent News

Main Street Barnstable Village

 $400,000 CARES Act grant will support recovery and resiliency efforts in the wake of COVID-19

FOR IMMEDIATE RELEASE (June 29, 2020) – The Cape Cod Commission has received a Coronavirus Aid, Relief, and Economic Security (CARES) Act Recovery Assistance Grant from the US Department of Commerce’s Economic Development Administration (EDA) in the amount of $400,000 to support efforts to respond and recover from the devastating economic impacts caused by the pandemic and develop strategies to improve resilience in the future.

Funding will be used to provide technical assistance to Cape Cod communities and regional partners and engage stakeholders in developing plans and strategies to diversify and strengthen the regional economy.

“Cape Cod is facing serious challenges due to the pandemic,” said Kristy Senatori, Executive Director of the Cape Cod Commission. “We look forward to supporting our communities and helping to strengthen our local economy and we appreciate the support of the Economic Development Administration as we respond to and address the economic impacts of the COVID-19 pandemic.”

Barnstable County is an EDA-designated Economic Development District (EDD) and is one of the more that 850 existing grant recipients invited to apply for supplemental funding under the CARES Act.

“This investment comes at a crucial time to help Massachusetts’s and our nation’s economy come roaring back and provide hard-working Americans with new opportunities,” said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. “We are pleased to make this investment in the Barnstable County acting through  Cape Cod Commission to increase technical assistance capacity for Cape Cod municipalities and other regional partners by providing economic data and information on local and regional impacts of COVID-19 and coordinating development of short- and long-term regional economic recovery and resiliency strategies as the region responds to coronavirus.”

The official U.S. Department of Commerce Economic Development Administration announcement is available at: https://www.eda.gov/news/press-releases/2020/06/26/barnstable-ma.htm

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