The Region 3-A team worked with the town of Ashley Indiana for more than a year to help them achieve EDA grant funding for infrastructure at the site of the new Brightmark Energy plant. We’re pleased to announce that earlier this week, Ashley Indiana was notified that they will receive a $1.2 million grant from the Economic Development Administration.
The EDA grant will help complete infrastructure projects to service the Brightmark Energy project that is under construction. Brightmark is going to use a patented process to convert waste plastics into fuel and industrial wax at their new 114,000 sq. ft. facility.
As a result, the 136 jobs are expected to be created within the new facility, along with opportunities for construction and infrastructure work as well throughout the project.
About The Project
The Town of Ashley approached Region 3-A for assistance in EDA funding after Brightmark became the controlling owner of RES Polyflow. Our role was to help the community leverage their resources and ensure that all of the information and criteria is provided so that they could get the most funding available.
Steuben County provided a loan guarantee to Ashley of up to $1.5 million for the project, much of which will go toward matching funds. The town has set aside $1 million in tax increment financing money. Some of that financing money will pay for right of way acquisition and engineering fees.
About EDA Grant Funding
The EDA grant provides a 50/50 match of grant funding for infrastructure projects. However, it can more or less depend on economic factors. Private investment and community investment go a long way in making potential infrastructure projects come to fruition. If you’re interested in learning more about EDA Grant funding and how to best use the resources available to your town, contact us at firstname.lastname@example.org.