This EDA investment supports the mylan park foundation with constructing the mylan park regional BMX facility in morgantown, west virginia, to help boost the local tourism industry by bringing new…
Project Grant Awarded
- Award ID
- 017915228
- Recipient
-
Mylan Park UEI DE2XFGPKP456
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $5,851,587
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Not on record
- Funding
-
- $4,681,270.00 Federal
- $1,170,317.00 Non-federal
- Place of performance
- Morgantown, WV, USA
Award details come from USAspending.gov.
About this award
The Economic Development Administration awarded a $5.85 million Project Grant to the Mylan Park Foundation under the Economic Adjustment Assistance program (CFDA 11.307) on July 12, 2022. The funding will support construction of the Mylan Park Regional BMX Facility in Morgantown, West Virginia. The facility aims to boost local tourism by attracting new visitors to the city and supporting businesses and attractions. It is expected to drive business to the hospitality and tourism sectors and create and retain jobs in retail, dining, lodging, and facility management and services. Once complete, the regional BMX facility will help the area's economic recovery and resilience by increasing employment opportunities, spurring private investment, and advancing overall economic resiliency through expanded tourism opportunities.
Description
This EDA investment supports the mylan park foundation with constructing the mylan park regional BMX facility in morgantown, west virginia, to help boost the local tourism industry by bringing new visitors to the city, its businesses, and attractions. The project will help drive business back to the hospitality and tourism community, to enhance economic impact and reestablish tourism as the number one economic driver in the state. The new jobs created and retained will be in the hospitality sector, including retail, dining, lodging, and management and services positions at the facility. Once completed, the project will assist in the region's recovery and make IT more resilient to fluctuations in tourism, which will help increase employment opportunities, spur private investment, and advance economic resiliency throughout the region.
Quick answers
Who received award 017915228?
017915228 was awarded to Mylan Park by Economic Development Administration (Department of Commerce) on July 12, 2022.
How much is award 017915228 worth?
$5,851,587 has been obligated on 017915228: $4,681,270 in federal funding and $1,170,317 in non-federal funding.
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