Last month, we were overjoyed to share with you the success of our San Benito Loan Fund, now we’re even more pleased to announce that the U.S. Secretary of Commerce, Wilbur Ross, has announced the Economic Development Administration is awarding $15 million in CARES Act Recovery Assistance grants to capitalize and administer Revolving Loan Funds.  

The investment couldn’t have come at a better time. Our nation’s economy is still rebounding from the coronavirus pandemic, and our hope is to use this funding to create a stronger and more resilient economy. We are currently working on three applications from the area, and have received more than double that in applications.

We want to thank our local partners: The San Benito Economic Development Corporation, The San Benito County Chamber of Commerce, The Downtown Hollister Association, The City of San Juan Bautista, and San Benito County for their support in this initiative, we can’t wait to see the outcome. Keep an eye out for more success stories from San Benito!