The Economic Development Administration awarded a $3.125 million Project Grant to the City of Fairhope, Alabama under the Economic Adjustment Assistance program (CFDA 11.307) on July 6, 2022. The funding will support renovations to convert a historical former school building into a business resource hub for emerging technology entrepreneurs and companies through May 2026. Specifically, the grant will finance demolition, remediation, new interior walls, roofing, doors/windows, flooring, plumbing, HVAC, electrical, fire suppression, communications and site work. The project aims to help the city respond to economic injury from the coronavirus pandemic by creating a more diverse workforce and high-paying technology jobs, advancing economic resiliency in an area impacted by coal industry decline.
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