This EDA investment will allow the fairfield economic development corporation (fedc) to make improvements to the old mexia-fairfield road to facilitate job creation and private investment in a new…

This $1.58 million Economic Development Administration (EDA) project grant to the Fairfield Economic Development Corporation (FEDC) will fund infrastructure improvements to facilitate job creation and private investment in a new industrial park in Fairfield, Texas. Under the EDA's Investments for Public Works and Economic Development Facilities program (CFDA 11.300), which provides catalytic investments for critical infrastructure and facilities development, the grant funds will support road improvements to Old Mexia-Fairfield Road to help diversify Fairfield's economy in the wake of a 2018 coal mine and power plant closure. The project is expected to leverage $9 million in private investment and create an estimated 14 new jobs. Regional planning by the Heart of Texas Council of Governments helped enable this infrastructure project award to support private business growth and hiring in the region.

This EDA investment will allow the fairfield economic development corporation (fedc) to make improvements to the old mexia-fairfield road to facilitate job creation and private investment in a new industrial park. The project will help the city to diversify its economy and become more resilient to economic cycles. IT will also directly help the city to rebound from the closure of the big brown power plant and big brown coal mine in 2018. The project is expected to create 14 jobs and leverage $9 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.