This EDA investment funds construction of road improvements to provide an efficient and safe transportation route to monroe city's industrial park, allowing for the expansion of up to three businesses…

The Department of Commerce Economic Development Administration (EDA) awarded a $1.8 million Project Grant to the City of Monroe City, Missouri on July 27, 2022 under the Economic Adjustment Assistance (EAA) program (CFDA 11.307).

The funding will support construction of road improvements to County Line Road 502 that will provide efficient transportation access to Monroe City's industrial park and allow for expansion of up to three local businesses. The road work aims to increase economic resilience in the region by facilitating diversification and growth, including helping industries withstand disruptions like the ongoing COVID-19 pandemic. Completion of the project is expected to attract new industries, create jobs, and boost competitiveness throughout the area.

This EDA investment funds construction of road improvements to provide an efficient and safe transportation route to monroe city's industrial park, allowing for the expansion of up to three businesses in missouri. Improvements to county line road 502 will help increase resilience to current and future economic disruptions, including the coronavirus pandemic, by facilitating economic diversification and growth in the area. Once completed, the project will attract new industries, create jobs, increase global competitiveness, and promote economic resiliency throughout the region.