Economic Development Administration Awards $3 Million Grant to Morganfield, Kentucky

Strategic Insights -

The U.S. Department of Commerce's Economic Development Administration (EDA) has awarded a $3 million CARES Act Recovery Assistance grant to Union County Fiscal Court in Morganfield, Kentucky, to support sanitary sewer infrastructure improvements necessary for business and job growth in the face of the coronavirus pandemic. This grant, matched with $1.2 million in local investment, is expected to retain over 900 jobs. The EDA aims to help communities implement strategies to mitigate economic hardships brought on by the pandemic, providing critical infrastructure for Morganfield to retain and attract businesses and train local workers.

Key Takeaways:

  • The EDA awarded a $3 million CARES Act Recovery Assistance grant to Union County Fiscal Court in Morganfield, Kentucky.
  • The grant will support sanitary sewer infrastructure improvements necessary for business and job growth in the face of the coronavirus pandemic.
  • The grant is matched with $1.2 million in local investment and is expected to retain over 900 jobs.
  • The project will rehabilitate existing portions of the sanitary sewer system that serves the Morganfield Industrial Park, the Jobs Corps workforce training facility, and other businesses in the surrounding area.
  • This project was made possible by the regional planning efforts led by the Green River Area Development District.
  • The project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136).
  • The EDA CARES Act Recovery Assistance program provides financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic.

Statistics:

  • $3 million: The amount of the EDA grant awarded to Union County Fiscal Court.
  • $1.2 million: The amount of local investment matched with the EDA grant.
  • 900+: The number of jobs expected to be retained by the project.
  • $1.5 billion: The amount of funding provided to EDA under the CARES Act to support economic assistance programs.
  • 116-136: The Public Law number for the CARES Act.

Sources:

  • U.S. Department of Commerce's Economic Development Administration (EDA) press release
  • Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136 PDF)
  • EDA CARES Act Recovery Assistance program
  • Green River Area Development District
  • U.S. Economic Development Administration (www.eda.gov)