The $1,460,000 EDA investment will help the city of crossett complete the "east crossett sewer improvement project." recently, crossett's largest employer announced layoffs of nearly 600 employees
Project Grant Awarded
- Award ID
- 080105554
- Recipient
-
City Of Crossett MLK Blvd UEI LF5ELFYHJK14
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $1,825,180
Award facts
- Assistance listing
- 11.300 Investments for Public Works and Economic Development Facilities
- Completion date
- Not on record
- Funding
-
- $1,460,000.00 Federal
- $365,180.00 Non-federal
- Place of performance
- Crossett, AR 71635, USA
Award details come from USAspending.gov.
About this award
The $1.46 million Economic Development Administration (EDA) Project Grant will fund the City of Crossett, Arkansas' East Crossett Sewer Improvement Project. The EDA investment, made under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300), is calculated to create 220 jobs, retain 40 positions, and leverage $603 million in private investment. The project supports Crossett's industrial park located in an Opportunity Zone and will help the community recover from recent economic dislocations, including layoffs affecting nearly 600 employees at Crossett's largest employer as well as impacts from the COVID-19 pandemic. This EDA funding also sustains regional economic development planning efforts led by the Southeast Arkansas Economic Development District to strengthen the regional economy through coordinated public and private investments and job creation. Total funding for the project is $1.83 million, with the grant awarded on September 29, 2021.
Description
Shortly after, the covid-19 pandemic HIT and changed the way everyone conducted business overnight. This project will help the community recover from these two economic dislocations and is calculated to create 220 jobs, retain 40, leverage $603,000,000 in private investment, and benefit the crossett industrial park, which his located in an opportunity zone. This project was made possible by the regional planning efforts led by the southeast arkansas economic development district (seapdd). EDA funds seapdd 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 080105554?
080105554 was awarded to City Of Crossett MLK Blvd by Economic Development Administration (Department of Commerce) on September 29, 2021.
How much is award 080105554 worth?
$1,825,180 has been obligated on 080105554: $1,460,000 in federal funding and $365,180 in non-federal funding.
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