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Atmore, Mobile To Share $4.8 Million Economic Development Grant
September 7, 2016
Mobile and Atmore will share in $4.8 million in grants from the U.S. Department of Commerce’s Economic Development Administration (EDA) to support local manufacturing efforts.
Announced during an event in Mobile with Atmore Mayor Jim Staff and Mobile Area Chamber of Commerce President and CEO Bill Sisson, the grants will facilitate the construction of a roadway project in Atmore and begin renovations to a building in Mobile for use as a business incubator.
“Manufacturing fuels the world’s most innovative economy and has helped build the American middle class,” said Deputy Assistant Secretary Erskine. “These EDA investments in Alabama will help to establish and grow manufacturing firms in the Mobile region, and bring a new aerospace manufacturing facility to Atmore.”
The EDA investments announced today are:
- The city of Atmore will receive a $1.9 million grant to construct an industrial access road that will serve a new aerospace manufacturing facility that will be located in the Rivercane Industrial Park development. This grant will support critical job creation and investment in Atmore, a city that has experienced recent job loss and worker displacement from the loss of two major employers. According to grantee estimates, this investment is expected to create 116 jobs and generate $114 million in private investment.
- The Mobile Area Chamber of Commerce will receive a $2.9 million grant to renovate and modernize the former Threaded Fasteners building to house Innovation PortAL, a business incubator that will support economic diversification in this designated manufacturing region. Innovation PortAL will provide access to intense mentoring services, investment capital, investing networks, and a highly educated and skilled workforce to support local entrepreneurs and businesses.
Photo for NorthEscambia.com, click to enlarge.
Comments
2 Responses to “Atmore, Mobile To Share $4.8 Million Economic Development Grant”
I wish Escambia Florida would do something like this for the north side of our county.
Which two major employers are no longer there and what was the reason for them no longer being there? Do you know the timeline for the expected opening of the aerospace manufacturing facility? Will this entail a new building? When are bids for the facility being accepted and how should they be submitted? Please provide more info on the facility structure…will there be conveyor installation or crane installation reqired? Thanks for any further details you can provide.