ED23DEN0G0040
Project Grant
Overview
Grant Description
With this EDA investment, the City of Madison in partnership with Lake County and the Lake Area Improvement Corporation will make improvements including new street construction and utilities within the Lakeview Industrial Park in Madison, South Dakota.
These improvements will benefit 47 acres of undeveloped property that can be used for future business development and expansions.
This high-quality industrial zone is attracting manufacturing businesses among others and is providing opportunities for the regional economy to continue diversifying and expanding in the wake of natural disasters occurring in 2022.
In addition, the city anticipates that at least 100 new jobs and approximately $10 million in private investment will be created over the next nine years as a result of this project.
These improvements will benefit 47 acres of undeveloped property that can be used for future business development and expansions.
This high-quality industrial zone is attracting manufacturing businesses among others and is providing opportunities for the regional economy to continue diversifying and expanding in the wake of natural disasters occurring in 2022.
In addition, the city anticipates that at least 100 new jobs and approximately $10 million in private investment will be created over the next nine years as a result of this project.
Awardee
Funding Goals
SUBJECT TO THE AVAILABILITY OF FUNDS, AWARDS MADE UNDER THIS NOFO WILL ASSIST COMMUNITIES AND REGIONS IN DEVISING AND IMPLEMENTING LONG-TERM ECONOMIC DEVELOPMENT EFFORTS THROUGH A VARIETY OF NON-CONSTRUCTION AND CONSTRUCTION PROJECTS.
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Madison,
South Dakota
57042-0000
United States
Geographic Scope
Single Zip Code
Related Opportunity
City Of Madison was awarded
Madison Industrial Park Expansion for Economic Growth
Project Grant ED23DEN0G0040
worth $3,593,520
from Economic Development Administration in October 2023 with work to be completed primarily in Madison South Dakota United States.
The grant
has a duration of 3 years and
was awarded through assistance program 11.300 Investments for Public Works and Economic Development Facilities.
$898,380 (20.0%) of this Project Grant was funded by non-federal sources.
The Project Grant was awarded through grant opportunity FY 2023 EDA Public Works and Economic Adjustment Assistance Programs.
Status
(Ongoing)
Last Modified 8/26/25
Period of Performance
10/1/23
Start Date
10/1/26
End Date
Funding Split
$3.6M
Federal Obligation
$898.4K
Non-Federal Obligation
$4.5M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
ED23DEN0G0040
SAI Number
None
Award ID URI
None
Awardee Classifications
City Or Township Government
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
MTC8CUH8MNQ6
Awardee CAGE
712D2
Performance District
SD-00
Senators
John Thune
Mike Rounds
Mike Rounds
Modified: 8/26/25