The Department of Commerce's Economic Development Administration awarded a $3 million Project Grant to the Economic Development Authority of Amherst County, Virginia under the EDA's Economic Adjustment Assistance program. The grant funding will support construction of a multi-tenant commercial building to provide much-needed space for job creation following closure of the county's largest employer, which had employed 2,400 people. The project is intended to generate 45 new jobs and retain 24 additional positions, with $3.25 million in private sector matching funds. Three companies plan to locate in the building once completed. The grant aims to accelerate quality job growth and economic diversification in Amherst County by supporting technology-based industries and innovative supply chains. The award date for this EDA grant was September 2, 2021, with total funding of $3 million.
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