This EDA investment supports e-central idaho p & DA, INC
Active Project Grant Awarded Last action
- Award ID
- 077907896
- Recipient
-
East-Central Idaho Planning & Development Association Inc. UEI EG26CCEW4C41
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $4,710,860
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date 87% complete
- Funding
-
- $3,952,688.00 Federal
- $758,172.00 Non-federal
- Place of performance
- Rexburg, ID, USA
Award details come from USAspending.gov.
About this award
The Economic Development Administration awarded a $4.71 million Project Grant to East-Central Idaho Planning & Development Association Inc., doing business as Altura Community Consulting & Business Finance, to construct a new two-story facility at the Teton River Business Center in Rexburg, Idaho. The facility will provide operating space for entrepreneurs and startup businesses, supporting economic recovery from the COVID-19 pandemic through job creation and private investment.
This award falls under the Economic Adjustment Assistance program (CFDA 11.307), which provides technical and infrastructure assistance to regions facing adverse economic changes. The new facility funded by this grant will bolster the regional economy by housing entrepreneurial activities and sparking economic activity in Rexburg, Idaho through May 2027.
Description
With making infrastructure improvements needed to support entrepreneurs in rexburg, idaho. The project work includes constructing a new, two-story facility at the teton river business center that will provide operating space for entrepreneurs and startup businesses to spark job-creating economic activity in the area. Once completed, the project will help the region with recovery efforts from the covid-19 pandemic, bolster job creation, spur private investment, and advance economic resiliency throughout the region.
Quick answers
Who received award 077907896?
077907896 was awarded to East-Central Idaho Planning & Development Association Inc. by Economic Development Administration (Department of Commerce) on September 7, 2022.
How much is award 077907896 worth?
$4,710,860 has been obligated on 077907896: $3,952,688 in federal funding and $758,172 in non-federal funding.
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