067906388
Project Grant
Overview
Grant Description
This EDA investment supports the Patoka Lake Regional Water and Sewer District with constructing a new elevated water storage tank to assist Orange County, Indiana with recovery efforts from the COVID-19 pandemic, which further devastated the region and caused severe economic distress.
The one-million-gallon water tank will complement the existing water storage units and will ensure that existing employers have access to adequate water pressure to expand. Once completed, the project will help attract new employers to the region, which will help diversify the economic base and increase the region's resilience when future economic shocks occur.
In addition, the project will create and save jobs, spur private investment, and provide a reliable water source to an area that has been impacted by the decline in the coal industry.
The one-million-gallon water tank will complement the existing water storage units and will ensure that existing employers have access to adequate water pressure to expand. Once completed, the project will help attract new employers to the region, which will help diversify the economic base and increase the region's resilience when future economic shocks occur.
In addition, the project will create and save jobs, spur private investment, and provide a reliable water source to an area that has been impacted by the decline in the coal industry.
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Paoli,
Indiana
47454-9512
United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $3,015,750 (100%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021.
Patoka Lake Regional Water & Sewer Distr was awarded
COVID-19 Recovery: Water Tank for Patoka Lake District
Project Grant 067906388
worth $3,015,750
from Economic Development Administration in June 2022 with work to be completed primarily in Paoli Indiana United States.
The grant
has a duration of 3 years 10 months and
was awarded through assistance program 11.307 Economic Adjustment Assistance.
$1,005,250 (25.0%) of this Project Grant was funded by non-federal sources.
Status
(Ongoing)
Last Modified 7/13/22
Period of Performance
6/22/22
Start Date
4/22/26
End Date
Funding Split
$3.0M
Federal Obligation
$1.0M
Non-Federal Obligation
$4.0M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
067906388
SAI Number
None
Award ID URI
SAI NOT AVAILABLE
Awardee Classifications
Special District Government
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
XCX2V6L54469
Awardee CAGE
5QCQ2
Performance District
09
Senators
Todd Young
Mike Braun
Mike Braun
Representative
Erin Houchin
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) | $3,015,750 | 100% |
Modified: 7/13/22