WASHINGTON – The U.S. Department of Commerce’s Economic Development Administration announced a $749,810 CARES Act Recovery Assistance grant to the University Corporation at Monterey Bay on Thursday, April 8. The grant will provide technical assistance to coronavirus-impacted small businesses and support the economic resiliency of the Monterey Bay region. It is expected to create 35 jobs, retain 200 jobs, and generate $3 million in private investment, a news release.