Economic Development Administration will invest $7 million in projects in NEA

by Talk Business & Politics staff (staff2@talkbusiness.net)

U.S. Secretary of Commerce Gina Raimondo announced Tuesday (Feb. 6) the Department’s Economic Development Administration (EDA) is investing $7 million in projects in Arkansas. These investments will support healthcare workforce development and infrastructure improvements for businesses.

Arkansas State University – Newport will receive a $5 million EDA grant to support construction of a 24,000-square foot Nursing and Health Sciences workforce training center. The project will be matched with $1.3 million in local funds and is expected to create 225 jobs, according to grantee estimates.

The city of Trumann will receive a $2 million EDA grant for construction of a new water treatment facility and ground water storage tank, to support current residents and businesses while providing capacity for future industrial growth. The project will be matched with $500,000 in local funds.

Economic Development Administration will invest $7 million in projects in NEA