Home » NEWS » TRPDD lands grant for economic development work

TRPDD lands grant for economic development work

PONTOTOC — Sen. Thad Cochran (R-Miss.) announced that the Economic Development Administration is providing a $189,000 grant to assist the Three Rivers Planning and Development District (TRPDD) in developing and implementing a comprehensive economic development strategy.

The federal grant will support an overall $270,000 project to establish an economic development framework to support job creation and investment in Calhoun, Itawamba, Lafayette, Lee, Monroe, Pontotoc and Union counties, which are represented by the district.

The grant will be matched with $81,000 in non-federal funding. The grant will cover a three-year span to facilitate a continuous planning process. The federal funding derives from funding approved by Congress for the EDA in the FY2010 Commerce, Justice and Science Appropriations Bill.

In its application to the EDA, the TRPDD indicated that the grant would be an investment that is “market-based and results-driven in that it seeks to increase higher-skill, higher-wage jobs and private-sector investment in the region” by promoting a comprehensive economic development strategy that will “help TRPDD as it looks beyond the immediate economic horizon, anticipates economic changes and helps diversify the local and regional economies.”

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Wally Northway

Leave a Reply

Your email address will not be published. Required fields are marked *

*