Two Southwest Alabama projects were granted funds totaling
almost $5 million from the Economic Development Administration (EDA) last
Friday, September 2. It was announced by the deputy assistant secretary of
Commerce for Economic Development and chief operating officer of the EDA, Matt
Erskine, that $1.9 million will be granted to build an access road to a new
aerospace manufacturing facility in Atmore and $2.9 million would go towards a
business and technology incubator in Mobile.
The access road will be built in the Rivercane Industrial
Park. Matching the EDA’s $1.9 million grant with $580,000 is the city of Atmore
who believes the new aerospace manufacturing facility will create 116 jobs and
$114 million in private investment.
As for the $2.9 million grant in Mobile, the money will go
to the Mobile Area Chamber of Commerce Foundation for renovation of the former
Threaded Fastener Building in downtown Mobile on St. Louis Street. The city of
Mobile, local private foundations, private industry, the University of South
Alabama and Mobile County will match the project with $1.9 million.
Want to read the full article? Click Here: http://www.alabamanewscenter.com/2016/09/06/economic-development-projects-in-south-alabama-get-5-million-boost/
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