This EDA investment supports the city of georgetown with making improvements to the city's water treatment plant to help mitigate risk to the clean water supply for the city and all its residents…
Ended Project Grant Awarded
- Award ID
- 047907777
- Recipient
-
City Of Georgetown UEI FN6MNJNK5M67
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $7,713,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Funding
-
- $3,428,000.00 Federal
- $4,285,000.00 Non-federal
- Place of performance
- Georgetown, SC 29440, USA
Award details come from USAspending.gov.
About this award
The City of Georgetown, South Carolina received a $7.71 million Project Grant award from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program. The funding will support improvements to the city's water treatment plant to help mitigate risks to the municipal water supply and support economic recovery from the COVID-19 pandemic and consecutive natural disasters. Multiple coal-fired power plants have closed in the region in recent years, resulting in job losses particularly impacting small businesses. Completion of the water treatment plant project by October 2025 will help retain existing jobs and create new economic opportunities to offset the effects of declining coal industry employment. The infrastructure investment aims to attract private sector growth and support the long-term resiliency of Georgetown's economy.
Description
This EDA investment supports the city of georgetown with making improvements to the city's water treatment plant to help mitigate risk to the clean water supply for the city and all its residents and businesses in georgetown, south carolina. The project will aid in the city's recovery and resiliency from the covid-19 pandemic and six years of consecutive disasters. In addition, several coal-fired power plants have closed in the area and will continue to close by 2027, which will result in the loss of more jobs and those losses will be felt heavily in small businesses such as restaurants, employment agencies, law offices, and banking. Once completed, the project will help support job retention, create new opportunities, and attract private investment to an area that has been impacted by the decline in the coal industry.
Quick answers
Who received award 047907777?
047907777 was awarded to City Of Georgetown by Economic Development Administration (Department of Commerce) on June 7, 2022.
How much is award 047907777 worth?
$7,713,000 has been obligated on 047907777: $3,428,000 in federal funding and $4,285,000 in non-federal funding.
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