This EDA investment supports the educational and cultural trust fund of the electrical industry with renovating a 10,000 square foot building to support job safety training for growing electrical…

Ended Project Grant Awarded Last action

Award ID
ED24PHI0G0364
Recipient
Awarding agency
Obligated
$4,785,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Funding
  • $3,828,000.00 Federal
  • $957,000.00 Non-federal
Place of performance
United States

Award details come from USAspending.gov.

Description

As the agency reported it.

This EDA investment supports the educational and cultural trust fund of the electrical industry with renovating a 10,000 square foot building to support job safety training for growing electrical generating industry development in walden, new york. The project work includes installing new bathrooms, a new HVAC system, insulation, self sufficient emergency power systems, updating electrical power and wiring, and required appurtenances. This training space will have a variety of classroom and true-to-form training environments to ensure future employees can safely support cutting edge industry. Once completed, the project will promote resiliency and stimulate economic growth throughout the region. The project will be matched with $957,000 in local funds and is expected to create 490 jobs, retain 2,870 jobs, and generate $429,240,000 in private investment, according to grantee estimates. This project was made possible by the regional planning efforts led by the hudson valley regional council. EDA funds the hvrc 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 ED24PHI0G0364?

ED24PHI0G0364 was awarded to Educational & Cultural Trust Fund Of The Electrical Industry by Economic Development Administration (Department of Commerce) on September 10, 2024.

How much is award ED24PHI0G0364 worth?

$4,785,000 has been obligated on ED24PHI0G0364: $3,828,000 in federal funding and $957,000 in non-federal funding.

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