U.S. Department of Commerce Invests $618,400 in American Rescue Plan Funds to Support Railroad Heritage Tourism in Cheyenne, Wyoming
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $618,400 grant to the city of Cheyenne, Wyoming, to relocate and renovate three historic railroad cars to support the local tourism economy. This grant is funded by the American Rescue Plan.
This grant supports the Cheyenne Railcar Renovation Project, which aims to catalyze revitalization efforts in the city’s downtown district and boost tourism to the region. The EDA investment will be matched with $154,600 in local funds and is expected to create 9 jobs and generate $500,000 in private investment, according to grantee estimates.
“The travel, tourism and outdoor recreation sector is a critical economic driver for many communities and the Economic Development Administration is pleased to support community-led development strategies designed to boost tourism and build a better America,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This EDA investment in the Cheyenne Railcar Renovation Project leverages the region’s railroad heritage to diversify its local economy and spur economic development.”
This project is funded under EDA’s $240 million competitive American Rescue Plan Travel, Tourism, and Outdoor Recreation program. EDA awarded $510 million in grants to all 50 states and territories in 2021. The two programs are designed to accelerate the recovery of communities that rely on the travel, tourism and outdoor recreation sectors.
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 invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.