This EDA investment supports the city of lexington with upgrading the natural gas distribution system to provide improve natural gas capacity at an industrial site necessary for the expansion of a…
Project Grant Awarded
- Award ID
- 047907852
- Recipient
-
City Of Lexington UEI UYTAX2T76NM5
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $2,691,900
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Not on record
- Funding
-
- $1,345,950.00 Federal
- $1,345,950.00 Non-federal
- Place of performance
- Lexington, NC, USA
Award details come from USAspending.gov.
About this award
The City of Lexington, North Carolina received a $2.7 million Economic Adjustment Assistance grant from the Department of Commerce's Economic Development Administration to upgrade the natural gas distribution system. Funded under the EDA's Economic Adjustment Assistance program (CFDA 11.307), the city will engineer, survey, and construct a steel pipeline to improve natural gas capacity at an industrial site. This infrastructure upgrade will support the expansion of a major steel manufacturing facility in Davidson County, benefiting business growth and job creation in an area impacted by coal industry declines. Awarded on May 10, 2023, the project grant will enhance the regional economy by ensuring adequate natural gas supply to accommodate increased production needs at the manufacturing plant.
Description
This EDA investment supports the city of lexington with upgrading the natural gas distribution system to provide improve natural gas capacity at an industrial site necessary for the expansion of a major steel-manufacturing facility in davidson county, north carolina. The upgrades include engineering, surveying, and constructing a steel pipeline. Once completed, the project will support business expansion and job creation in an area that has been impacted by the decline in the coal industry.
Quick answers
Who received award 047907852?
047907852 was awarded to City Of Lexington by Economic Development Administration (Department of Commerce) on May 10, 2023.
How much is award 047907852 worth?
$2,691,900 has been obligated on 047907852: $1,345,950 in federal funding and $1,345,950 in non-federal funding.
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