This EDA investment supports the patoka lake regional water and sewer district with constructing a new elevated water storage tank to assist orange county, indiana with recovery efforts from the…

Ended Project Grant Awarded Last action

Award ID
067906388
Recipient
Awarding agency
Obligated
$7,036,750

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Funding
  • $3,015,750.00 Federal
  • $4,021,000.00 Non-federal
Place of performance
Paoli, IN 47454, USA

Award details come from USAspending.gov.

About this award

The Economic Development Administration awarded a $7,036,750 Project Grant to the Patoka Lake Regional Water and Sewer District under the Economic Adjustment Assistance program. The grant will fund construction of a new one million gallon elevated water storage tank to support economic recovery efforts in Orange County, Indiana following severe economic impacts from the COVID-19 pandemic. Completion of the water tank project by April 2026 will help attract and retain employers by ensuring adequate water pressure for business expansion. It will also diversify the regional economy and increase resilience to future shocks by complementing existing water infrastructure and storage units. This EDA investment is expected to create and save jobs, spur private investment, and provide a reliable water source for an area impacted by coal industry declines through the Patoka Lake Regional Water and Sewer District.

Description

This EDA investment supports the patoka lake regional water and sewer district with constructing a new elevated water storage tank to assist orange county, indiana with recovery efforts from the covid-19 pandemic, which further devastated the region and caused severe economic distress. The one-million-gallon water tank will complement the existing water storage units and will ensure that existing employers have access to adequate water pressure to expand. Once completed, the project will help attract new employers to the region, which will help diversify the economic base and increase the region's resilience when future economic shocks occur. In addition, the project will create and save jobs, spur private investment, and provide a reliable water source to an area that has been impacted by the decline in the coal industry.

Quick answers

Who received award 067906388?

067906388 was awarded to Patoka Lake Regional Water & Sewer Distr by Economic Development Administration (Department of Commerce) on June 22, 2022.

How much is award 067906388 worth?

$7,036,750 has been obligated on 067906388: $3,015,750 in federal funding and $4,021,000 in non-federal funding.

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