U.S. Department of Commerce Invests $4.1 Million in CARES Act Recovery Assistance to Boost Broadband Capacity and Advanced Manufacturing Growth Efforts in Louisiana
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $4.1 million in CARES Act Recovery Assistance grants to help the state of Louisiana prevent, prepare for, and respond to coronavirus.
“The Economic Development Administration is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the coronavirus pandemic,” said Dennis Alvord, Acting Assistant Secretary of Commerce for Economic Development. “These EDA investments will increase broadband capacity in the Acadiana region and support manufacturers growth in Farmerville.”
“Broadband internet is essential to economic development. This is true in Acadiana and it is true in the rest of our state,” said Senator Bill Cassidy, M.D. “Bringing investment to Farmerville is crucial to create jobs in the region. If Louisiana is to compete with other states and countries, projects like these are essential.”
“This $3 million for Lafayette Parish will help build out the broadband infrastructure we need support to south Louisiana businesses and jobs, and we’re glad to see this funding come through,” said Senator John Kennedy. “In north Louisiana, the people of Farmerville and Union Parish will also see a $1 million investment support manufacturing, expand private investment in the community, and create new jobs in the process.”
“I’m grateful for the EDA’s investment and the Acadiana Planning Commission’s work to improve broadband infrastructure,” said Congressman Clay Higgins (LA-03). “South Louisiana will benefit tremendously with the creation of new jobs and opportunities throughout our region.”
“This is exciting news for Union Parish,” said Congressman Mike Johnson (LA-04). “This strategic investment will help create nearly 100 jobs in North Louisiana and help establish Farmerville as a manufacturing hub for the area. A federal grant of this kind, being supplemented with local investments, is a great example of our local and federal governments working together to strengthen our communities in the wake of the pandemic.”
The EDA investments announced today are:
This project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136 PDF), which provided EDA with $1.5 billion for economic assistance programs to help communities prevent, prepare for, and respond to coronavirus. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) (PDF) program, provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.