CARBONDALE – The U.S. Department of Commerce’s Economic Development Administration (EDA) Tuesday awarded a $993,265 grant to the City of Carbondale to reconstruct a portion of North McRoy Drive to support businesses in the Bicentennial Industrial Park.
The grant, funded by the American Rescue Plan and EDA’s $300 million Coal Communities Commitment, will allow for an increase in heavy-weight traffic to accommodate expanded capacity at the industrial park in a region that has been impacted by the declining use of coal. The EDA investment will be matched with $110,363 in local funds and is expected to create 15 jobs, retain 44 jobs and generate $3 million in private investment, according to grantee estimates.
The 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.