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077907896

Project Grant

Overview

Grant Description
This EDA investment supports E-Central Idaho P&DA, Inc. with making infrastructure improvements needed to support entrepreneurs in Rexburg, Idaho. The project work includes constructing a new, two-story facility at the Teton River Business Center that will provide operating space for entrepreneurs and startup businesses to spark job-creating economic activity in the area.

Once completed, the project will help the region with recovery efforts from the COVID-19 pandemic, bolster job creation, spur private investment, and advance economic resiliency throughout the region.
Place of Performance
Rexburg, Idaho 83440-1659 United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $3,952,688 (100%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021.
East-Central Idaho Planning & Development Association was awarded Infrastructure Improvements for Entrepreneurs in Rexburg, ID Project Grant 077907896 worth $3,952,688 from Economic Development Administration in September 2022 with work to be completed primarily in Rexburg Idaho United States. The grant has a duration of 4 years 8 months and was awarded through assistance program 11.307 Economic Adjustment Assistance. $758,172 (16.0%) of this Project Grant was funded by non-federal sources.

Status
(Ongoing)

Last Modified 10/25/22

Period of Performance
9/7/22
Start Date
5/31/27
End Date
36.0% Complete

Funding Split
$4.0M
Federal Obligation
$758.2K
Non-Federal Obligation
$4.7M
Total Obligated
84.0% Federal Funding
16.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to 077907896

Additional Detail

Award ID FAIN
077907896
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
EG26CCEW4C41
Awardee CAGE
5VUS5
Performance District
02
Senators
James Risch
Michael Crapo
Representative
Michael Simpson

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) $3,952,688 100%
Modified: 10/25/22