This EDA investment supports lamar university with establishing a research project that will help to accelerate the recovery of southeast texas as a result of the covid-19 pandemic

Project Grant Awarded

Award ID
086905586
Recipient
Awarding agency
Obligated
$491,282

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Not on record
Funding
  • $375,000.00 Federal
  • $116,282.00 Non-federal
Place of performance
Beaumont, TX, USA

Award details come from USAspending.gov.

About this award

The Economic Development Administration awarded Lamar University $491,282 under the Economic Adjustment Assistance program to establish a research project accelerating Southeast Texas' recovery from the COVID-19 pandemic. The project will help Lamar University find solutions to return regional business activity to pre-pandemic levels and provide a roadmap for diversifying the economy through increased reliance on university resources and innovation. The award was issued on March 15, 2022 to directly support Lamar University in Beaumont, Texas as it conducts research and develops strategies to strengthen the local economy in response to adverse economic impacts from the pandemic.

Description

The project will help lamr university find solutions to bring business activity back to pre-pandemic levels in the region and provide a roadmap to diversify toward a more innovation-based economy with more reliance on university resources and innovation.

Quick answers

Who received award 086905586?

086905586 was awarded to Lamar University by Economic Development Administration (Department of Commerce) on March 15, 2022.

How much is award 086905586 worth?

$491,282 has been obligated on 086905586: $375,000 in federal funding and $116,282 in non-federal funding.

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