The .U.S. Department of Commerce Awards Grant to the Pemiscot County Port Authority

Officials with the .U.S. Department of Commerce recently announced that the Department’s Economic Development Administration (EDA) is awarding a grant that is worth a total of $1.9 million to the Pemiscot County Port Authority, located in Caruthersville. This grant will be utilized to make improvements to the port harbor that are necessary to protect against flooding in the future and encourage additional business development. This grant will be located close to a Tax Cuts and Jobs Act Opportunity Zone and it will be equaled with $207,943 worth of local funds, and the loan is projected to create over sixty new jobs and bring forth $11 million in private investment. Officials say the County Port is an important part of the local economy and the state’s current water transportation network and this investment will support jobs, and minimize flooding and create a better foundation for long-term economic growth in the region. They also say farmers throughout Southern Missouri are dependent on the Pemiscot County Port to get the goods they grow to market and this new investment makes sure of the viability of the port by protecting against flooding in the future and build up the port’s ability to compete for better opportunities for business to create jobs. The project was made possible by the regional planning efforts that were led by officials with the Bootheel Regional Planning and Economic Development Commission in order to bring together the public and private sectors to produce a road map for economic development to make the region’s economy stronger and support private capital investment, and create jobs.

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