Bear Paw Development receives $1.7M in CARES Act money to help COVID-impacted businesses

Staff and wire report

Havre-based Bear Paw Development Corp. is getting some help from the federal government to help businesses impacted by the coronavirus pandemic.

The U.S. Department of Commerce announced Thursday its Economic Development Administration awarded a $1.7 million Coronavirus Aid, Relief, and Economic Security — CARES — Act Recovery Assistance grant to Bear Paw to capitalize and administer a revolving loan fund to provide gap financing to coronavirus-impacted small businesses in Bear Paw Development’s economic development district.

Since 1969, Bear Paw, the oldest e...