This EDA investment supports the city of valdezto with boosting tourism by supporting the development of outdoor recreational infrastructure and amenities at meals hill in alaska
Active Project Grant Awarded Last action
- Award ID
- 077907919
- Recipient
-
City Of Valdez UEI J4J1BXA95JA8
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $3,165,918
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date 87% complete
- Funding
-
- $2,532,734.00 Federal
- $633,184.00 Non-federal
- Place of performance
- Valdez, AK, USA
Award details come from USAspending.gov.
About this award
The Department of Commerce Economic Development Administration (EDA) awarded a $3.2 million Project Grant to the City of Valdez, Alaska under the Economic Adjustment Assistance (EAA) program. The funding will support the development of outdoor recreational infrastructure and amenities at Meals Hill to boost tourism and stimulate business growth in the region. Specifically, the City of Valdez will construct bike paths, hiking trails, and visitor amenities at Meals Hill to attract new visitors and counter fluctuations in tourism. Once completed, the project aims to assist the region's economic recovery by increasing employment opportunities, saving jobs, spurring private investment, and advancing overall economic resiliency. The work will be finished by May 2027.
Description
The project will help construct bike paths, hiking trails, and other visitor amenities at meals hill to attract new visitors and stimulate tourism-related business growth in the area. Once completed, the project will assist in the region's recovery and make IT more resilient to fluctuations in tourism, which will help increase employment opportunities, save jobs, spur private investment, and advance economic resiliency throughout the region.
Quick answers
Who received award 077907919?
077907919 was awarded to City Of Valdez by Economic Development Administration (Department of Commerce) on October 5, 2022.
How much is award 077907919 worth?
$3,165,918 has been obligated on 077907919: $2,532,734 in federal funding and $633,184 in non-federal funding.
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