This EDA investment supports the city of batesville with constructing roads and related water and sewer infrastructure to serve their current industrial park

Active Project Grant Awarded

Award ID
087905647
Recipient
Awarding agency
Obligated
$2,631,375

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date 86% complete
Funding
  • $2,105,100.00 Federal
  • $526,275.00 Non-federal
Place of performance
Batesville, AR 72501, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

A coal-centered community for decades, the city is a regional hub for industry in and around independence county, arkansas. With closure of a major coal plant located in the county, the city anticipates the loss of jobs and impact on the community will be substantial. To alleviate these effects, the project will include the construction of three new roads to improve access and connection to the industrial park. Once completed, the project will help the city meet the growing demand for growing industrial space in the area. Additionally, the project would improve water and sewer lines to better serve the park, which will help support job retention, create new opportunities, and attract private investment to an area that has been impacted by the decline in the coal industry.

Quick answers

Who received award 087905647?

087905647 was awarded to City Of Batesville Arkansas by Economic Development Administration (Department of Commerce) on July 26, 2022.

How much is award 087905647 worth?

$2,631,375 has been obligated on 087905647: $2,105,100 in federal funding and $526,275 in non-federal funding.

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