The Department of Commerce's Economic Development Administration (EDA) is awarding a $1.25 million grant to Kentucky's city of Owingsville.
The funds will support existing businesses and attract new businesses to the area by creating infrastructure improvements to the Bath County Industrial Park. The investment aims to spur 200 new jobs and generate more than $40 million in private investment.
Federal Programs Related to - Community Development, General/Other
Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones
Federal Programs Related to - Public, Society Benefit, General/Other
Programs that focus on promoting the effective functioning of government, public administration and public officials and support or provide services required for the effective functioning of society's infrastructure.
Federal Programs Related to - Infrastructure
Programs that support or provide services required for the effective functioning of society.
Raelene Rorke and Nelly Fente, founders of SpringAge and high school buddies who are extremely positive about the growth of South Africa, aims to to meet rising needs for the development of businesses in the region.