Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million CARES Act Recovery Assistance grant to Northwest Central Indiana Community Partnerships, Inc., West Lafayette, Indiana, to expand broadband access in Central Indiana in support of the region’s manufacturing, agricultural and technology industries.
This project will help create and retain jobs by providing the cutting-edge technology necessary for these industries to remain competitive, while making the rural 7-county region more resilient to future economic disruptions. The EDA investment will be matched with $426,000 in local funds and is expected to create 75 jobs, retain 150 jobs and generate $10 million in private investment.
“President Biden is committed to leveraging the full power of the federal government to ensure our nation not only recovers from this pandemic but that all communities have the tools they need to succeed in our increasingly digital economy,” said Secretary of Commerce Gina M. Raimondo. “This EDA investment will serve as a down-payment for the further broadband investments coming from President Biden’s Bipartisan Infrastructure Law by providing cost-effective and reliable broadband service in Central Indiana that will build resiliency in the region’s manufacturing, agricultural and technology sectors for decades to come.
“The Economic Development Administration supports community-led strategies to accelerate economic recovery from the pandemic,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This EDA investment will help to ensure a bright future for this rural Indiana region by providing the broadband services local industries need to grow, thrive and create jobs.”
This project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136 PDF), which provided EDA with $1.5 billion for economic assistance programs to help communities prevent, prepare for, and respond to coronavirus. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) (PDF) program, provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic.
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.