COVID-19 Working Capital Access Program awards $14 million in new funds to businesses in 39 counties

On behalf of Gov. Tom Wolf, Department of Community and Economic Development (DCED) Secretary Dennis Davin said Monday that 173 companies in 39 counties have received $14 million in funding during the third round of the COVID-19 Working Capital Access Program (CWCA). The latest round of funding supports restaurants, wellness centers, wineries and breweries, consulting firms, salons and spas, and more. To date, more than $37 million was awarded to a number of diverse businesses.

“As we look forward to the reopening of our economy, we are thrilled to distribute additional CWCA loans to over 150 companies, including several that fall within counties which will be entering the yellow phase of mitigation efforts within the next week,” said Davin.

A list of approved projects can be found at https://dced.pa.gov/wp-content/uploads/2020/05/CommsCopy%20of%20COVID-19%20Loan%20Disbursement%20Tracking_05-01-2020.pdf.

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