060106382
Project Grant
Overview
Grant Description
This EDA investment supports Athens County Port Authority with constructing a new building to accommodate the expansion plans of local bio-technology companies currently located at the nearby Ohio University Innovation Center in Athens, Ohio.
Athens County suffers from long-term economic distress related to the decline in coal manufacturing in the region. The coronavirus pandemic's impacts exacerbated the region's distress and caused significant job losses and business closures.
The building will create a space for locally-grown businesses to expand and create new jobs, and it will be an asset for the region's ongoing recovery and resilience to future economic shocks.
Once completed, the project will help the region continue to diversify its industries and play a vital role in the economic well-being of the local community. It will serve as a catalyst for unprecedented regional economic growth.
Athens County suffers from long-term economic distress related to the decline in coal manufacturing in the region. The coronavirus pandemic's impacts exacerbated the region's distress and caused significant job losses and business closures.
The building will create a space for locally-grown businesses to expand and create new jobs, and it will be an asset for the region's ongoing recovery and resilience to future economic shocks.
Once completed, the project will help the region continue to diversify its industries and play a vital role in the economic well-being of the local community. It will serve as a catalyst for unprecedented regional economic growth.
Awardee
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Athens,
Ohio
45701-1542
United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Athens County Port Authority was awarded
Athens County Port Authority's Biotech Building for Economic Recovery
Project Grant 060106382
worth $5,019,200
from Economic Development Administration in July 2022 with work to be completed primarily in Athens Ohio United States.
The grant
has a duration of 2 years 10 months and
was awarded through assistance program 11.300 Investments for Public Works and Economic Development Facilities.
$1,254,800 (20.0%) of this Project Grant was funded by non-federal sources.
Status
(Complete)
Last Modified 8/17/22
Period of Performance
7/19/22
Start Date
5/19/25
End Date
Funding Split
$5.0M
Federal Obligation
$1.3M
Non-Federal Obligation
$6.3M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
060106382
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
JTXDWRA8FYX6
Awardee CAGE
65YX8
Performance District
15
Senators
Sherrod Brown
J.D. (James) Vance
J.D. (James) Vance
Representative
Mike Carey
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) | $5,019,200 | 100% |
Modified: 8/17/22