This EDA investment supports gateway research park, INC

Ended Project Grant Awarded

Award ID
047907794
Recipient
Awarding agency
Obligated
$2,850,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Funding
  • $2,100,000.00 Federal
  • $750,000.00 Non-federal
Place of performance
Greensboro, NC 27401, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

This $2.85 million Economic Adjustment Assistance Project Grant from the Department of Commerce's Economic Development Administration supports Gateway Research Park, Inc. and North Carolina A&T State University in expanding a manufacturing facility in Greensboro, North Carolina. The facility expansion will attract new businesses to the region and help diversify the local economy by supporting the growth of minority-owned businesses. Once completed by the January 2025 completion date, the project is expected to create and save jobs and advance economic resiliency in an area impacted by declines in the coal industry. The EDA's Economic Adjustment Assistance program provides technical, planning, public works and infrastructure assistance to regions experiencing adverse economic changes over time or suddenly to support economic recovery, diversification and growth.

Description

As the agency reported it.

And the north carolina a & T state university with expanding a manufacturing facility to support the growth of minority-owned businesses in greensboro, north carolina. Once completed, the project will attract new businesses to the area, help the region diversify its local economy, create and save jobs, and advance economic resiliency to an area that has been impacted by the decline in the coal industry.

Quick answers

Who received award 047907794?

047907794 was awarded to Gateway Research Park, Inc. by Economic Development Administration (Department of Commerce) on September 13, 2022.

How much is award 047907794 worth?

$2,850,000 has been obligated on 047907794: $2,100,000 in federal funding and $750,000 in non-federal funding.

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