The U.S. Department of Commerce has invested $1.3 Million to support the growth of transportation, distribution, and logistics businesses in Avilla, Indiana. The funds will be used for road, water and sewer infrastructure to complete the expansion of the town’s industrial park.
Grant Funding Impact
The industrial park expansion is expected to create 70 jobs, retain more than 360 jobs and generate $7.8 million in private investment. The EDA project is going to be matched with $1.3 million in local funds which have already been committed to the expansion. The awarded funds will be used for streets, sewer lines and water main installation in the park.
“The Economic Development Administration is pleased to support Avilla as they work to expand regional economic growth and create new jobs,” said Dennis Alvord, Acting Assistant Secretary of Commerce for Economic Development. “This project will provide critical infrastructure for the much-needed expansion of the town’s industrial park to accommodate additional businesses and maintain its competitiveness as a regional hub for transportation, distribution and logistics.” (source: EDA Commerce News)
40 acres have already been allotted in the 80-acre park. Avilla Town Council President Paul Shepherd noted that McLaughlin Furnace Group is currently in operation in the park, and that two other sites have been claimed.
Region 3A had the pleasure of working with the Town of Avilla to secure funding for the industrial park. The expansion will help the town continue to grow, create jobs and attract new businesses to the area. If you’d like to learn more about how Region 3A can help your area leverage their resources and move forward with growth projects, contact us.
About the U.S. Economic Development Administration
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.