Source: United States Senator for Ohio Sherrod Brown
WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH) announced that the United States Economic Development Administration (EDA) has awarded a $2 million CARES Act Recovery Assistance grant to the city of Huron. The funds will be used to help the community recover from the economic fallout brought on by the COVID-19 pandemic by funding the reconstruction of the Sawmill Parkway, an essential roadway that serves Erie County’s largest industrial park. This grant will be matched with $1.3 million in local funds, and is expected to help create 321 jobs, retain 41 jobs and generate $403 million in private investment.
“These funds will provide the city of Huron with additional tools and resources to address the economic fallout from COVID-19,” said Brown. “By investing in local, critical infrastructure, this funding will help create good-paying jobs and boost the economy in Huron.”
The EDA is the only federal government agency focused exclusively on economic development. The program is designed to provide financial assistance to communities, and promote economic development. The CARES Act, signed into law on March 27, 2020, provides the EDA with $1.5 billion specifically for economic development assistance programs to help communities prevent, prepare, and respond to coronavirus.
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds. More information on EDA’s grant process and investment process can be found at www.eda.gov.
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