This EDA investment funds construction of a specialized sawmill building in red devil, alaska

Active Project Grant Awarded Last action

Award ID
ED24SEA0G0261
Recipient
Awarding agency
Obligated
$3,474,360

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date 47% complete
Funding
  • $1,874,360.00 Federal
  • $1,600,000.00 Non-federal
Place of performance
Red Devil, AK, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

The facility will use a local workforce to mill locally harvested timbers and package the milled timbers into housing packages, which will be used to construct affordable and energy efficient housing. The project will help households throughout the region in need of affordable housing. The recipient estimates the project will create 75 jobs, retain 53 jobs, and generate $13.6 million in private investment.

Quick answers

Who received award ED24SEA0G0261?

ED24SEA0G0261 was awarded to TKC Fish Wheel by Economic Development Administration (Department of Commerce) on July 15, 2024.

How much is award ED24SEA0G0261 worth?

$3,474,360 has been obligated on ED24SEA0G0261: $1,874,360 in federal funding and $1,600,000 in non-federal funding.

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