This EDA investment will leverage manufacturing and technology-based economic development in coryell county, texas

Active Project Grant Awarded Last action

Award ID
ED24AUS0G0115
Recipient
Awarding agency
Obligated
$4,375,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date 49% complete
Funding
  • $3,500,000.00 Federal
  • $875,000.00 Non-federal
Place of performance
Copperas Cove, TX, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

The city of copperas cove is addressing the local and regional need for high paying high quality jobs by improving water, sewage, and road infrastructure to develop two 22-acre sites for industrial use, specifically the computer chip industry. The economic impact will provide stable well-paying jobs to the residents of coryell county as well as address the longer-term investments needed in infrastructure to allow for more robust development and the production of needed microprocessors and computer chips in the domestic market. This project was made possible by the regional planning efforts led by the development district of central texas. EDA funds the development district of central texas 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 ED24AUS0G0115?

ED24AUS0G0115 was awarded to City Of Copperas Cove by Economic Development Administration (Department of Commerce) on May 13, 2024.

How much is award ED24AUS0G0115 worth?

$4,375,000 has been obligated on ED24AUS0G0115: $3,500,000 in federal funding and $875,000 in non-federal funding.

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