This EDA investment supports the southeastern montana development corporation with the research and development of new resources and technologies to support economic diversification and recovery…

Ended Project Grant Awarded

Award ID
057906209
Recipient
Awarding agency
Obligated
$250,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Funding
  • $198,000.00 Federal
  • $52,000.00 Non-federal
Place of performance
Colstrip, MT 59323, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

This EDA investment supports the southeastern montana development corporation with the research and development of new resources and technologies to support economic diversification and recovery from both the negative economic impacts of the coronavirus pandemic and the significant loss of coal-reliant jobs in the region. The project will study the potential for extraction, development, and potential utilization and commercialization of four key resources in the region: hydrogen, rare earth minerals, flue gas/formic acid, and carbon/graphene. The research will be used to determine which technologies and resources future economic development efforts should focus and will identify the best strategies for doing so to increase economic resilience and activity in southeastern montana region. Once completed, the project will 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 057906209?

057906209 was awarded to Southeastern Montana Development Corp by Economic Development Administration (Department of Commerce) on August 16, 2022.

How much is award 057906209 worth?

$250,000 has been obligated on 057906209: $198,000 in federal funding and $52,000 in non-federal funding.

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