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047907767

Project Grant

Overview

Grant Description
This EDA investment funds construction of the UPIKE Ag-Tech Innovation Center of Excellence, an ag-tech research and education center to be located at the Kentucky Enterprise Industrial Park (KEIP) at Marion Branch in Pikeville. The facility will include a greenhouse, classroom space, laboratory, and offices, to lead research efforts in high-tech agriculture that supports the continued development and long-term viability of the industry and its key stakeholders while also supporting increasing worldwide demands for food production.

Once completed, the project will support entrepreneurial and business development strategies for Eastern Kentucky and Central Appalachia and the education of the next generation of the agricultural industry workforce, which will assist a region highly impacted by recent negative impacts from downturns in the coal economy and further economic diversification throughout the region.
Place of Performance
Pikeville, Kentucky 41501-9118 United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $4,400,000 (100%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021.
University Of Pikeville was awarded Funding UPIKE Ag-Tech Innovation Center of Excellence in Kentucky Project Grant 047907767 worth $4,400,000 from Economic Development Administration in July 2022 with work to be completed primarily in Pikeville Kentucky United States. The grant has a duration of 3 years 10 months and was awarded through assistance program 11.307 Economic Adjustment Assistance. $5,750,000 (57.0%) 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
48.0% Complete

Funding Split
$4.4M
Federal Obligation
$5.8M
Non-Federal Obligation
$10.2M
Total Obligated
43.0% Federal Funding
57.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to 047907767

Additional Detail

Award ID FAIN
047907767
SAI Number
None
Award ID URI
SAI NOT AVAILABLE
Awardee Classifications
Public/State Controlled Institution Of Higher Education
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
DKDHA3G4YCQ6
Awardee CAGE
1NSD3
Performance District
05
Senators
Mitch McConnell
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) $4,400,000 100%
Modified: 8/17/22