This EDA investment supports the wayne county fiscal court with construction of a natural gas line to serve the city of monticello, kentucky
Ended Project Grant Awarded
- Award ID
- 047907712
- Recipient
-
Wayne Co Fiscal Court UEI YAD6U69XD9Q5
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $6,307,900
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Funding
-
- $4,057,900.00 Federal
- $2,250,000.00 Non-federal
- Place of performance
- Monticello, KY 42633, USA
Award details come from USAspending.gov.
About this award
The Department of Commerce Economic Development Administration (EDA) awarded a $6.3 million Project Grant to the Wayne County Fiscal Court under the Economic Adjustment Assistance (EAA) program. The grant will support construction of a natural gas pipeline in Monticello, Kentucky to serve local industries and recruit new businesses following job losses from the coal industry decline and the COVID-19 pandemic. Once completed, the project aims to diversify the regional economy, create and retain jobs, attract private investment, and enhance economic resiliency in the area through a more reliable energy source and increased industry demand. The Wayne County Fiscal Court will oversee delivery of the natural gas infrastructure to benefit the Monticello community.
Description
The project will help support job growth in the area following negative economic impact from both decline in the coal industry and the covid-19 pandemic. In addition, the project will meet the demand from local industries for a more reliable energy source and support recruitment of industry to the area. Once completed, the project will help the region diversify its local economy, create and save jobs, attract private investment, and advance economic resiliency throughout the region.
Quick answers
Who received award 047907712?
047907712 was awarded to Wayne Co Fiscal Court by Economic Development Administration (Department of Commerce) on July 19, 2022.
How much is award 047907712 worth?
$6,307,900 has been obligated on 047907712: $4,057,900 in federal funding and $2,250,000 in non-federal funding.
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