|Program Category||# of Grants per state||Sum of EDA $|
|Economic Adjustment Assistance||1||$875,048|
Provo is one of the fastest-growing cities in Utah and offers a great quality of life. As the city looked to attract more businesses to its growing community, it found that the local business park needed upgrades to allow for companies to expand or locate there. Medic-Life, a smart medical equipment company, wanted to establish its headquarters in the park. The company’s headquarters would require a cadre of highly-paid and highly-skilled managers and engineers to develop their products.
In FY 2018, EDA awarded $1,819,227 in Public Works funds to the Provo City Corporation to expand the Mountain Vista Business Park by constructing roadway and utility infrastructure needed to support this business expansion and development.
This project will help Provo further develop an emerging technology and manufacturing campus inside the Mountain Vista Business Park. The city estimates that this investment will lead to 450 new jobs and will spur $35 million in private investment.