This EDA short-term planning assistance award to EDC, INC., the economic development council for the peoria area, will help the council develop its new greater peoria targeted industry analysis
Ended Project Grant Awarded Last action
- Award ID
- ED23CHI0G0170
- Recipient
-
EDC Inc The Economic Development Council For The Peoria Area UEI UTVKDKRJV4T3
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $40,000
Award facts
- Assistance listing
- 11.302 Economic Development Support for Planning Organizations
- Completion date
- Funding
-
- $20,000.00 Federal
- $20,000.00 Non-federal
- Place of performance
- Peoria, IL 61603, USA
Award details come from USAspending.gov.
Description
Recent industry trends resulted in disinvestment in the peoria region including the loss of major employers. Together with long-term economic challenges, these losses propelled local leaders to develop a strategy to diversify the local economy and make IT more resilient in the face of future economic shocks. The EDA-funded strategy will provide key insights into economic diversification opportunities, targeted interventions to connect regional assets, and an action plan that will help guide local leaders as they help guide regional economic development decisions to strengthen the economy as IT changes.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | $0 | $0 | |
| Original award | $20,000 | $20,000 |
Quick answers
Who received award ED23CHI0G0170?
ED23CHI0G0170 was awarded to EDC Inc The Economic Development Council For The Peoria Area by Economic Development Administration (Department of Commerce) on September 30, 2023.
How much is award ED23CHI0G0170 worth?
$40,000 has been obligated on ED23CHI0G0170: $20,000 in federal funding and $20,000 in non-federal funding.
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