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
-
Town Of Mountain City UEI DEMZRJY5LA43
- Awarding agency
-
Economic Development Administration
Department of Commerce
- 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.
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