EDA will invest $1.2 M in cares act funds in the lubbock economic development alliance (LEDA) to support enhancements to the LEDA railport
Project Grant Awarded
- Award ID
- 087905524
- Recipient
-
Lubbock Economic Development Alliance, Inc. UEI C1N9J5E3PR89 Part of City Of Lubbock
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $2,400,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Not on record
- Funding
-
- $1,200,000.00 Federal
- $1,200,000.00 Non-federal
- Place of performance
- Lubbock, TX 79401, USA
Award details come from USAspending.gov.
Description
The project will provide critical infrastructure to ensure businesses success in the area. The project will also encourage job creation and business manufacturing at the project area that focus on advanced manufacturing innovative and high-value products. The investment is expected to create 38 jobs and leverage $5 million in private investment. This project was made possible by the regional planning efforts led by the south plains association of governments (SPAG). EDA funds SPAG 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 087905524?
087905524 was awarded to Lubbock Economic Development Alliance, Inc. by Economic Development Administration (Department of Commerce) on October 14, 2021.
How much is award 087905524 worth?
$2,400,000 has been obligated on 087905524: $1,200,000 in federal funding and $1,200,000 in non-federal funding.
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