AL - EDA Announces Federal Investment Award to Dredge the Port of Epes Industrial Park
The grant will be matched with $540,000 in local funds and is expected to create 85 jobs and generate $175 million in private investment.
Secretary of Commerce Wilbur Ross announced Tuesday that the department’s Economic Development Administration is awarding a $1.7 million grant to the University of West Alabama, in Livingston, Alabama, to improve barge access at the Port of Epes Industrial Park.
The EDA grant will be located in a Opportunity Zone, made possible by the Tax Cuts and Jobs Act of 2017. The grant will be matched with $540,000 in local funds and is expected to create 85 jobs and generate $175 million in private investment.
Congresswoman Terri Sewell, D-Alabama, has worked for several years with local officials and the University of West Alabama in their efforts to boost industrial transportation access to promote export development, attract additional investments, support business resilience and strengthen the economy of the Black Belt.
“I am so excited that the Port of Epes in Livingston has been granted the funding necessary to promote economic opportunity for our workers and families in the Black Belt,” said Rep. Sewell. “There is nothing more important to me than increasing opportunity in my district. That is why I have fought so hard to make Alabama’s Opportunity Zone program work for areas like the Black Belt, where communities will most benefit from investments and job development.”