This investment will support industry and business development in davie county through the rehabilitation of transmission lines connected to the cooleemee water treatment plant

Project Grant Awarded

Award ID
040107635
Recipient
Awarding agency
Obligated
$3,174,000

Award facts

Completion date
Not on record
Funding
  • $1,587,000.00 Federal
  • $1,587,000.00 Non-federal
Place of performance
Mocksville, NC 27028, USA

Award details come from USAspending.gov.

About this award

The County of Davie, North Carolina received a $3.17 million project grant award from the Department of Commerce Economic Development Administration on August 30, 2021. The funding will support the rehabilitation of transmission lines connected to the Cooleemee Water Treatment Plant. This project aims to expand workforce opportunities, economic mobility, and economic resiliency in Davie County by creating an estimated 300 jobs and retaining 400 existing positions. It is also projected to generate $50 million in private sector investment. The award is being administered under the EDA's Public Works and Economic Development Facilities program, which provides construction assistance to help distressed communities develop critical infrastructure to implement regional economic development strategies.

Description

This project will also focus on expanding workforce opportunities, economic mobility, and economic resiliency. The grantee estimates this project will create 300 jobs, retain 400 jobs and generate private investment of $50 million. This project was made possible by the regional planning efforts led by the piedmont triad regional council. EDA funds the piedmont triad regional council to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.

Quick answers

Who received award 040107635?

040107635 was awarded to County Of Davie by Economic Development Administration (Department of Commerce) on August 30, 2021.

How much is award 040107635 worth?

$3,174,000 has been obligated on 040107635: $1,587,000 in federal funding and $1,587,000 in non-federal funding.

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