$1.5 Million Federal Grant Helps Pave Way to Industrial Park Development
09/08/2020 03:57 PM
The investment from the Economic Development Administration will help create 16 shovel-ready light industrial parcels in the federally approved Opportunity Zone. It will also assist in developing two sites that could potentially house new warehouse operations.
When complete, the project is anticipated to generate $70 million in private investment and add 250 jobs while diversifying the regional economy. The $1.46 million grant will cover half of the total cost.
“This investment from the EDA allows us put some focus on supporting smaller light-industrial operations who need only 1-5 acres in the South Hermiston Industrial Park,” said Hermiston Assistant City Manager Mark Morgan. “These smaller operations help deepen our available supply of regional contractors and service providers for the agricultural, energy, and transportation sectors. I am very grateful for the foresight and assistance of our partners at the Port of Umatilla and Umatilla County, who saw the fundamental economic benefits of this project early on and committed to assist in covering the local match.”
The grant, which is part of the CARES Act, was awarded through a competitive bid process based on the merit of the application, eligibility, and fund availability. More information can be found at https://www.eda.gov.
Mark Morgan, Assistant City Manager