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.
Generated 1/7/24, 12:19 AM