This EDA investment will support the city of hancocks effort to cultivate industrial and technology-based businesses by providing development-ready space for new and existing companies to expand

Ended Project Grant Awarded Last action

Award ID
06790626401
Recipient
Awarding agency
Obligated
$547,176

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Funding
  • $437,741.00 Federal
  • $109,435.00 Non-federal
Place of performance
Hancock, MI 49930, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

The project will help the area drain stormwater more effectively, making IT more resilient to flooding such as occurred in the 2018 flood event which damaged local infrastructure. The city's current park is nearly full, and a new business and technology park is critical to expanding the citys existing business base and recruiting new technology firms to locate there to build resilience in the face of future disasters. Edas assistance in developing the new 40-acre park will allow the city of hancock to capture future business expansions and create new jobs and private investment with a strategic focus on the technology sector. The western upper peninsula planning and development regional commission was instrumental in the proposal's development and success and will administer the project on the city's behalf.

Quick answers

Who received award 06790626401?

06790626401 was awarded to City Of Hancock by Economic Development Administration (Department of Commerce) on March 12, 2024.

How much is award 06790626401 worth?

$547,176 has been obligated on 06790626401: $437,741 in federal funding and $109,435 in non-federal funding.

On GovTribe

See this award's full record

  • Every transaction and subaward
  • The recipient's other awards and teaming partners
  • Similar grant awards
  • Ask GovTribe AI about this award
Try for free Login