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077907805

Project Grant

Overview

Grant Description
This EDA investment supports the Matanuska-Susitna Borough with boosting tourism through the development of new visitor infrastructure and amenities in Palmer, Alaska. The project will provide local businesses with retail space and the opportunity to connect with visitors in a central location.

Once completed, the project will support start-up and emerging businesses, with the goals of diversifying and building the regional economy.
Awardee
Matanuska-Susitna Borough
Grant Program (CFDA)
11.307 - Economic Adjustment Assistance
Awarding / Funding Agency
Economic Development Administration (EDA) [DOC]
Place of Performance
Palmer, Alaska 99645-6411 United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $4,475,505 (67%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021 and the CARES Act.
Matanuska-Susitna Borough was awarded EDA Investment for Tourism Boost in Palmer, AK Project Grant 077907805 worth $6,696,030 from Economic Development Administration in September 2022 with work to be completed primarily in Palmer Alaska United States. The grant has a duration of 4 years 8 months and was awarded through assistance program 11.307 Economic Adjustment Assistance. $1,674,008 (20.0%) of this Project Grant was funded by non-federal sources.

Status
(Ongoing)

Last Modified 10/25/22

Period of Performance
9/2/22
Start Date
5/31/27
End Date
80.0% Complete

Funding Split
$6.7M
Federal Obligation
$1.7M
Non-Federal Obligation
$8.4M
Total Obligated
80.0% Federal Funding
20.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to 077907805

Additional Detail

Award ID FAIN
077907805
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
QRK7LJ2Y3RJ1
Awardee CAGE
3RWR6
Performance District
00
Senators
Lisa Murkowski
Dan Sullivan
Representative
Mary Peltola

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) $6,696,030 100%
Modified: 10/25/22