This EDA investment will allow the city of cleburne undertake roadway construction, connecting two existing segments of sparks drive, providing industrial companies in an economically distressed…
Project Grant Awarded
- Award ID
- 080105552
- Recipient
-
City Of Cleburne UEI D8NYF9L87666
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $2,800,000
Award facts
- Assistance listing
- 11.300 Investments for Public Works and Economic Development Facilities
- Completion date
- Not on record
- Funding
-
- $1,400,000.00 Federal
- $1,400,000.00 Non-federal
- Place of performance
- Cleburne, TX, USA
Award details come from USAspending.gov.
About this award
The City of Cleburne, Texas received a $2.8 million Project Grant award from the U.S. Department of Commerce Economic Development Administration (EDA) on September 16, 2021 under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300). Funds will support roadway construction to connect two existing segments of Sparks Drive, improving industrial access and reducing transportation times for companies in an economically distressed area. The improved infrastructure is expected to facilitate job retention and creation by accommodating increased truck traffic. The grantee estimates the project will generate 300 new jobs and $60 million in private investment. This project aligns with regional development strategies coordinated by the Heart of Texas Council of Governments, which receives EDA funding to support job creation and private capital investment through collaborative public-private planning.
Description
This EDA investment will allow the city of cleburne undertake roadway construction, connecting two existing segments of sparks drive, providing industrial companies in an economically distressed part of the city with improved access to a major highway. The improved access and additional road capacity is expected to facilitate job retention and the creation of new jobs by accommodating increased truck traffic and reducing transportation times. The grantee estimates that the project will result in 300 new jobs and $60 million in private investment. This project was made possible by the regional planning efforts led by the heart of texas council of governments (HOTCOG). EDA funds HOTCOG to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
Quick answers
Who received award 080105552?
080105552 was awarded to City Of Cleburne by Economic Development Administration (Department of Commerce) on September 16, 2021.
How much is award 080105552 worth?
$2,800,000 has been obligated on 080105552: $1,400,000 in federal funding and $1,400,000 in non-federal funding.
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