This EDA investment supports the town of spindale with making water and sewer system improvements needed to help business growth and job creation in rutherford county, north carolina

Ended Project Grant Awarded

Award ID
047907863
Recipient
Awarding agency
Obligated
$1,944,046

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Funding
  • $1,555,237.00 Federal
  • $388,809.00 Non-federal
Place of performance
Spindale, NC 28160, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

This Economic Adjustment Assistance (CFDA 11.307) project grant from the U.S. Department of Commerce Economic Development Administration provides $1,944,046.00 to the Town of Spindale, North Carolina to support water and sewer system improvements needed to facilitate business growth and job creation in the region. The project will upgrade the water and sewer infrastructure to support the expansion of a local truckload carrier company and attract additional businesses, including a travel plaza. This investment aims to address supply chain issues impacting the area, which has faced challenges from fluctuations in the energy economy, and promote economic growth and resilience throughout the Rutherford County region.

Description

As the agency reported it.

The project will provide water and sewer system upgrades needed to support the expansion of a local truckload carrier company, while attracting other businesses to the region, including a travel plaza. Once completed, the project will help improve existing supply chain issues in an area impacted by fluctuations in the energy economy, which will promote economic growth and resiliency throughout the region.

Quick answers

Who received award 047907863?

047907863 was awarded to Town Of Spindale Police Department by Economic Development Administration (Department of Commerce) on July 18, 2023.

How much is award 047907863 worth?

$1,944,046 has been obligated on 047907863: $1,555,237 in federal funding and $388,809 in non-federal funding.

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