This EDA amended investment provides sufficient additional funds to support the upgrades to the existing water lines and wastewater collection system infrastructure to support the ongoing operations…

Project Grant Awarded

Award ID
04790746801
Recipient
Awarding agency
Obligated
$157,816

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Not on record
Funding
  • $100,000.00 Federal
  • $57,816.00 Non-federal
Place of performance
Mountain City, TN 37683, USA

Award details come from USAspending.gov.

About this award

This $157,816 Economic Development Administration project grant supports infrastructure upgrades to the existing water and wastewater systems in Mountain City, Tennessee. Funded under the Economic Adjustment Assistance program (CFDA 11.307), the grant will provide additional resources to the Town of Mountain City to complete upgrades that support ongoing operations and future expansion of a local flooring manufacturer. The water and sewer infrastructure improvements also aim to help economic recovery from natural disasters and diversify the regional economy impacted by declines in the coal industry. Upgrading these systems will lead to job creation and economic growth throughout Johnson County, designated as an Opportunity Zone. Awarded on July 26, 2022, this EDA grant will enhance public works and utilities to benefit existing businesses and attract further investment to the area.

Description

This EDA amended investment provides sufficient additional funds to support the upgrades to the existing water lines and wastewater collection system infrastructure to support the ongoing operations and future expansion of a flooring manufacturing firm and other local businesses in johnson county, tennessee, a designated opportunity zone. Once completed, the project will support recovery efforts from natural disasters and help mitigate the decline of the coal industry by diversifying the economy and creating jobs, which will lead to economic growth and stability throughout the region.

Quick answers

Who received award 04790746801?

04790746801 was awarded to Town Of Mountain City by Economic Development Administration (Department of Commerce) on July 26, 2022.

How much is award 04790746801 worth?

$157,816 has been obligated on 04790746801: $100,000 in federal funding and $57,816 in non-federal funding.

On GovTribe

See this award's full record

  • Every transaction and subaward
  • The recipient's other awards and teaming partners
  • Similar grant awards
  • Ask GovTribe AI about this award