This EDA economic adjustment assistance to coal communities award will help the town of cambridge city upgrade its water storage capacity to provide improved service to the regionally-significant…
Active Project Grant Awarded Last action
- Award ID
- ED24CHI0G0319
- Recipient
-
Town Of Cambridge City UEI M2VAEJP7FVP1
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $5,643,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date 52% complete
- Funding
-
- $2,821,500.00 Federal
- $2,821,500.00 Non-federal
- Place of performance
- Cambridge City, IN 47327, USA
Award details come from USAspending.gov.
Description
This EDA economic adjustment assistance to coal communities award will help the town of cambridge city upgrade its water storage capacity to provide improved service to the regionally-significant gateway industrial park. Ongoing contraction at the whitewater valley coal-fired generating station cost the region significant numbers of jobs. Local leaders recognize the need for increased economic diversification and opportunities for displaced former coal plant employees. Upgraded services at the park are likely to prompt additional growth for existing park tenants and attract new employers to the region to help displaced workers access new opportunities. The EDA-funded improvements include a new 1M gallon elevated water storage tank and 1,100 linear feet of 12-inch water main extension to serve the park. The project is expected to create 100 new jobs and generate $10M in new private investment.
Quick answers
Who received award ED24CHI0G0319?
ED24CHI0G0319 was awarded to Town Of Cambridge City by Economic Development Administration (Department of Commerce) on October 1, 2024.
How much is award ED24CHI0G0319 worth?
$5,643,000 has been obligated on ED24CHI0G0319: $2,821,500 in federal funding and $2,821,500 in non-federal funding.
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