U.S. Department of Commerce Invests $2 Million in American Rescue Plan Funds for Infrastructure Upgrades to Support Business Growth in Ironton, Ohio
Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment
WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Ironton, Ohio, to help diversify the regional economy by making roadway and water infrastructure upgrades needed to attract new businesses to the city’s main industrial area. This grant is funded by the American Rescue Plan and EDA’s $300 million Coal Communities Commitment.
This grant will provide for reliable water service and the redevelopment of South Third Street, supporting industrial growth in the South Ironton Industrial Park. This EDA investment will be matched with $734,374 in local funds and is expected to create 360 jobs, retain 30 jobs and generate $22 million in private investment, according to grantee estimates.
“President Biden’s American Rescue Plan offers direct relief to American communities as they work to build a better America for the future,” said Secretary of Commerce Gina Raimondo. “This EDA investment will provide critical infrastructure needed to build a diverse, robust regional economy.”
“The Economic Development Administration is pleased to support locally-driven strategies to boost economic recovery efforts,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This EDA award will pave the way for industrial growth, new job opportunities and long-term regional economic resiliency in a state impacted by the declining use of coal.”
“Ohio’s communities and families face a heavy burden when trying to pay for upgrades to local infrastructure,” said Senator Sherrod Brown. “Thanks to the American Rescue Plan, these funds will help the city of Ironton provide residents with improved road and water infrastructure while creating jobs and attracting new investment to the community.”
This project is funded under EDA’s American Rescue Plan Economic Adjustment Assistance program, which makes $500 million in Economic Adjustment Assistance grants available to American communities. The Economic Adjustment Assistance program is EDA’s most flexible program, and grants made under this program will help hundreds of communities across the nation plan, build, innovate, and put people back to work through construction or non-construction projects designed to meet local needs. Effective May 26, 2022, EDA has officially closed all of its American Rescue Plan programs for applications. The $3 billion program funding will be awarded on a rolling basis through September 30, 2022.
EDA’s Coal Communities Commitment allocates $300 million of EDA’s $3 billion American Rescue Plan appropriation to support coal communities as they recover from the pandemic and to help them create new jobs and opportunities, including through the creation or expansion of a new industry sector. Specifically, EDA has dedicated $100 million of its Build Back Better Regional Challenge funds and $200 million of its Economic Adjustment Assistance funds to directly support coal communities.
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.