047907798
Project Grant
Overview
Grant Description
This EDA investment supports the building of Central Florida's semiconductor cluster for broad-based prosperity. Led by the Osceola County Board of County Commissioners, the goal is to boost the semiconductor industry in Central Florida by accelerating the growth of the specialized semiconductor cluster at NeoCity. NeoCity is a 5,000-acre technology park developed in partnership with the state of Florida.
The coalition formed will upgrade the capabilities at the Center for Neovation Advanced Manufacturing Facility. This upgrade will allow the facility to expand its research and production capabilities. Additionally, the coalition will work to align local education and training programs with the needs of the region's semiconductor manufacturers.
Once implemented, this investment will help develop and strengthen regional industry clusters. It aims to embrace economic equity, create good-paying jobs, and enhance U.S. competitiveness globally.
The coalition formed will upgrade the capabilities at the Center for Neovation Advanced Manufacturing Facility. This upgrade will allow the facility to expand its research and production capabilities. Additionally, the coalition will work to align local education and training programs with the needs of the region's semiconductor manufacturers.
Once implemented, this investment will help develop and strengthen regional industry clusters. It aims to embrace economic equity, create good-paying jobs, and enhance U.S. competitiveness globally.
Awardee
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Kissimmee,
Florida
34741-5540
United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $23,443,605 (100%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021.
County Of Osceola was awarded
Boosting Central Florida's Semiconductor Cluster for Prosperity
Project Grant 047907798
worth $23,443,605
from Economic Development Administration in September 2022 with work to be completed primarily in Kissimmee Florida United States.
The grant
has a duration of 3 years 10 months and
was awarded through assistance program 11.307 Economic Adjustment Assistance.
$5,860,901 (20.0%) of this Project Grant was funded by non-federal sources.
Status
(Ongoing)
Last Modified 10/25/22
Period of Performance
9/8/22
Start Date
7/8/26
End Date
Funding Split
$23.4M
Federal Obligation
$5.9M
Non-Federal Obligation
$29.3M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
047907798
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
PX1RQN8J1775
Awardee CAGE
4SDW8
Performance District
09
Senators
Marco Rubio
Rick Scott
Rick Scott
Representative
Darren Soto
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) | $23,443,605 | 100% |
Modified: 10/25/22