067906440
Project Grant
Overview
Grant Description
This EDA investment supports the City of Fosston with helping to boost business growth by making infrastructure upgrades needed to expand the city's existing Airport Industrial Park in Minnesota.
The project will provide expanded road, water, wastewater, and natural gas capacity to create eight new industrial park lots, as well as construction of a six-unit multi-use hangar at the airport to encourage new fixed-base operators to locate there.
These improvements will foster new private capital investment, partnerships, and job creation, while bolstering activity for existing businesses, to boost economic resiliency throughout the region.
The project will provide expanded road, water, wastewater, and natural gas capacity to create eight new industrial park lots, as well as construction of a six-unit multi-use hangar at the airport to encourage new fixed-base operators to locate there.
These improvements will foster new private capital investment, partnerships, and job creation, while bolstering activity for existing businesses, to boost economic resiliency throughout the region.
Awardee
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Fosston,
Minnesota
56542-1324
United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $5,755,280 (100%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021.
City Of Fosston was awarded
EDA Investment for Fosston's Airport Industrial Park Expansion in MN
Project Grant 067906440
worth $5,755,280
from Economic Development Administration in September 2022 with work to be completed primarily in Fosston Minnesota United States.
The grant
has a duration of 3 years 10 months and
was awarded through assistance program 11.307 Economic Adjustment Assistance.
$1,438,820 (20.0%) of this Project Grant was funded by non-federal sources.
Status
(Ongoing)
Last Modified 10/25/22
Period of Performance
9/5/22
Start Date
7/5/26
End Date
Funding Split
$5.8M
Federal Obligation
$1.4M
Non-Federal Obligation
$7.2M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
067906440
SAI Number
None
Award ID URI
SAI NOT AVAILABLE
Awardee Classifications
City Or Township Government
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
ENN1LSDJ1J95
Awardee CAGE
5R9X0
Performance District
07
Senators
Amy Klobuchar
Tina Smith
Tina Smith
Representative
Michelle Fischbach
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) | $5,755,280 | 100% |
Modified: 10/25/22