This EDA investment supports the city of fosston with helping to boost business growth by making infrastructure upgrades needed to expand the city's existing airport industrial park in minnesota
Ended Project Grant Awarded Last action
- Award ID
- 067906440
- Recipient
-
City Of Fosston UEI ENN1LSDJ1J95
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $7,194,100
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Funding
-
- $5,755,280.00 Federal
- $1,438,820.00 Non-federal
- Place of performance
- Fosston, MN 56542, USA
Award details come from USAspending.gov.
About this award
The Economic Development Administration awarded the City of Fosston, Minnesota a $7.19 million project grant under the Economic Adjustment Assistance program to boost business growth through infrastructure upgrades at the city's existing airport industrial park. The grant will fund expanded road, water, wastewater, and natural gas capacity to create eight new industrial park lots, as well as construction of a six-unit multi-use hangar at the airport. These infrastructure improvements will foster new private capital investment and job creation by existing and prospective businesses, bolstering economic resiliency in the region. The award was issued on September 5, 2022 with a projected completion date of July 5, 2026.
Description
The project will provide expanded road, water, wastewater, and natural gas capacity to create eight new industrial park lots, as well as construction of a six-unit multi-use hangar at the airport to encourage new fixed-base operators to locate there. These improvements will foster new private capital investment, partnerships, and job creation, while bolstering activity for existing businesses, to boost economic resiliency throughout the region.
Quick answers
Who received award 067906440?
067906440 was awarded to City Of Fosston by Economic Development Administration (Department of Commerce) on September 5, 2022.
How much is award 067906440 worth?
$7,194,100 has been obligated on 067906440: $5,755,280 in federal funding and $1,438,820 in non-federal funding.
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