047907712
Project Grant
Overview
Grant Description
This EDA investment supports the Wayne County Fiscal Court with the construction of a natural gas line to serve the city of Monticello, Kentucky. The project will help support job growth in the area following negative economic impact from both the decline in the coal industry and the COVID-19 pandemic.
In addition, the project will meet the demand from local industries for a more reliable energy source and support the recruitment of industry to the area. Once completed, the project will help the region diversify its local economy, create and save jobs, attract private investment, and advance economic resiliency throughout the region.
In addition, the project will meet the demand from local industries for a more reliable energy source and support the recruitment of industry to the area. Once completed, the project will help the region diversify its local economy, create and save jobs, attract private investment, and advance economic resiliency throughout the region.
Awardee
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Monticello,
Kentucky
42633-0439
United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $4,057,900 (100%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021.
Wayne Co Fiscal Court was awarded
Wayne County Gas Line Grant: Economic Growth & Job Creation
Project Grant 047907712
worth $4,057,900
from Economic Development Administration in July 2022 with work to be completed primarily in Monticello Kentucky United States.
The grant
has a duration of 3 years 10 months and
was awarded through assistance program 11.307 Economic Adjustment Assistance.
$2,250,000 (36.0%) of this Project Grant was funded by non-federal sources.
Status
(Ongoing)
Last Modified 8/17/22
Period of Performance
7/19/22
Start Date
5/19/26
End Date
Funding Split
$4.1M
Federal Obligation
$2.2M
Non-Federal Obligation
$6.3M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
047907712
SAI Number
None
Award ID URI
SAI NOT AVAILABLE
Awardee Classifications
County Government
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
YAD6U69XD9Q5
Awardee CAGE
4MYV8
Performance District
05
Senators
Mitch McConnell
Rand Paul
Rand Paul
Representative
Harold Rogers
Budget Funding
| Federal Account | Budget Subfunction | Object Class | Total | Percentage |
|---|---|---|---|---|
| Economic Development Assistance Programs, Economic Development Administration, Commerce (013-2050) | Area and regional development | Grants, subsidies, and contributions (41.0) | $4,057,900 | 100% |
Modified: 8/17/22