This EDA local technical assistance award to vermillion advantage, will help the region develop a strategy for economic recovery and resilience following the april 2024 announcement of the quaker oats…
Ended Project Grant Awarded
- Award ID
- ED25CHI0G0053
- Recipient
-
Vermilion Advantage UEI NBH4D9R137K6
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $100,000
Award facts
- Assistance listing
- 11.303 Economic Development Technical Assistance
- Completion date
- Funding
-
- $80,000.00 Federal
- $20,000.00 Non-federal
- Place of performance
- Danville, IL 61832, USA
Award details come from USAspending.gov.
Description
This EDA local technical assistance award to vermillion advantage, will help the region develop a strategy for economic recovery and resilience following the april 2024 announcement of the quaker oats plant closure and the resulting loss of more than 500 jobs. Following the closure announcement, local leaders recognized the need for a new strategy to target vermillion county?S business recruitment and retention efforts including workforce development to ensure the region is an attractive location for new private investment and job creation. The EDA-funded strategy will include an assessment of current economic conditions, a targeted industry analysis to reveal which business sectors are the likeliest candidates to locate in the region, a workforce skills assessment, a strategy for targeted outreach, and recommendations for industrial site development. The strategy will provide a path for recovery from the loss of the major employer and a roadmap to future economic resilience.
Quick answers
Who received award ED25CHI0G0053?
ED25CHI0G0053 was awarded to Vermilion Advantage by Economic Development Administration (Department of Commerce) on December 27, 2024.
How much is award ED25CHI0G0053 worth?
$100,000 has been obligated on ED25CHI0G0053: $80,000 in federal funding and $20,000 in non-federal funding.
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