U.S. Department of Commerce Invests $3.2 Million in American Rescue Plan Funds to Support Business Growth in Huntingburg, Indiana
Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment
WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.2 million grant to the city of Huntingburg, Indiana, to upgrade its wastewater treatment facility to provide enhanced capacity for regional business growth. This grant is funded by the American Rescue Plan and EDA’s $300 million Coal Communities Commitment.
This grant will provide added wastewater treatment capacity to attract new companies and allow for existing businesses to expand in the six-county region that has been impacted by the declining use of coal. The EDA investment will be matched with $14.5 million in local funds and is expected to create 400 jobs, retain 1,850 jobs and generate $200 million in private investment, according to grantee estimates.
“President Biden is committed to ensuring that our communities are provided with the resources they need to diversify and grow their economies,” said Secretary of Commerce Gina M. Raimondo. “This EDA investment will attract private investment and create new jobs for the people of Indiana, helping to boost U.S. competitiveness on the global stage.”
“The Economic Development Administration is pleased to support locally-driven strategies to boost business recovery efforts in Indiana,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This project is part of EDA’s Coal Communities Commitment and will provide support as the local economy transitions from the coal industry to new industries. Ultimately, this project will lead to the creation of a resilient economy that will support the community long into the future by bringing in new businesses and creating good-paying jobs for Indiana residents.”
This project is funded under EDA’s American Rescue Plan Economic Adjustment Assistance program, which makes $500 million in Economic Adjustment Assistance grants available to American communities. The Economic Adjustment Assistance program is EDA’s most flexible program, and grants made under this program will help hundreds of communities across the nation plan, build, innovate, and put people back to work through construction or non-construction projects designed to meet local needs.
EDA’s Coal Communities Commitment allocates $300 million of EDA’s $3 billion American Rescue Plan appropriation to support coal communities as they recover from the pandemic and to help them create new jobs and opportunities, including through the creation or expansion of a new industry sector. Specifically, EDA has dedicated $100 million of its Build Back Better Regional Challenge funds and $200 million of its Economic Adjustment Assistance funds to directly support coal communities. Effective May 26, 2022, EDA has officially closed all of its American Rescue Plan programs for applications. The $3 billion program funding will be awarded on a rolling basis through September 30, 2022.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.