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Jeff Tart, Senior Loan Officer
jtart@sfrpc.com; 917-496-3635

SFRPC Secures $5,380,000 for South Florida’s COVID-Impacted Businesses

Hollywood, Fl. – The U.S. Department of Commerce’s Economic Development Administration is partnering with the South Florida Regional Planning Council (SFRPC) to oversee and administer a new $5,380,000 CARES ACT Business Revolving Loan Fund program that will alleviate sudden and severe economic dislocation caused by the coronavirus in Monroe, Miami-Dade, Broward, and Palm Beach counties. Designated a U.S. Department of Commerce Economic Development District in 1994, the SFRPC welcomes this new program into its lending portfolio as it continues to expand its economic development activities.

“We are delighted to stand with the U.S. Department of Commerce Economic Development Administration to secure and provide critically needed financial resources to South Florida’s small businesses who have been devastated as a result of the coronavirus pandemic. These funds will support the rebuilding of South Florida’s economy, help preserve existing jobs and create new ones, and offer South Florida’s entrepreneurs a life-line during these unprecedented times,” said Miami-Dade County Commissioner Daniella Levine Cava; Chair of the South Florida Regional Planning Council.

“We are pleased to make this investment in the South Florida Regional Planning Council, a high-performing, regionally-focused partner committed to helping their region respond to this unprecedented challenge by identifying and providing financial resources and technical assistance to strengthen South Florida’s essential businesses and organizations in critical industries.  These CARES Act Recovery Assistance funds will speed business and economic recovery from COVID-19 in South Florida, build greater economic diversity, and enhance the region’s ability to prepare for and respond to future emergencies, ” said ______________EDA Representative

Since 1974, the South Florida Regional Planning Council has served as the regional planning agency for Monroe, Miami-Dade, and Broward counties.  It is governed by a public / private board of county and municipal elected and appointed officials from the three counties. The Council supports the region’s elected leaders and public, private, and nonprofit stakeholders through regional, collaborative planning and the development and implementation of programs and strategies shaping a better future for South Florida. For additional information about the Council’s lending programs, please contact Jeff Tart, Senior Loan Officer, at jtart@sfrpc.com or 954.924.3653.