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AEDC board authorizes a federal EDA grant application for South Georgia Business Park roads and utilities
The board unanimously approved a resolution authorizing an application to the U.S. Economic Development Administration's Economic Adjustment Assistance program, including American Rescue Plan funding, in support of the Cacique location. Staff put the improvements (widening South Georgia to a five-lane arterial, water and sewer lines, an interior road and a screening wall) at an estimated $4,000,000, asking the EDA for $2,400,000 with a $1,600,000 match from the AEDC and the City, which would be co-applicant.[1]
Kevin CarterDoug NelsonBrian HeinrichAmarillo Economic Development Corporation (AEDC)Cacique, LLC (Cacique Foods)
What the sources say
- ✓ Verified
Staff said the application was being submitted in support of the Cacique location and that the City would be co-applicant because it would own the sewer, water and streets once built; total cost was estimated at $4,000,000, with $2,400,000 requested from the EDA and a $1,600,000 match from the AEDC and the City (estimates). Director Brown moved and Director Heinrich seconded; it was approved unanimously.[1]
- Estimated cost
- $4,000,000
- Eda request
- $2,400,000
- Local match
- $1,600,000
- ⚠ Sources differ
The local match is stated differently in the October 2021 application and the May 2022 award report.
Reported value 1[1]
- Local match
- $1,600,000
October 18, 2021: $1,600,000 match from the AEDC and the City combined (estimate at application).
Reported value 2[2]
- Aedc match
- $720,000
May 16, 2022: 'The Amarillo EDC must provide $720,000.00 which will be matched with the grant in the amount of $2.4 million.' The minutes do not say whether the City provides the rest.
