Economic Development Administration Invests $2.5 Million in American Rescue Plan Funds to Boost Broadband in Southwest Louisiana
The Commerce Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to Lafayette City (LA) Parish Consolidated Government, doing business as LUS Fiber, to establish high-speed internet connectivity in support of business and job growth in Jennings (LA). This grant is funded by the American Rescue Plan. This project will construct ten miles of conduit and fiber optic cable to connect the medical and business district in Jennings. The EDA investment will be matched with $617,500 in local funds and is expected to create or retain 250 jobs and generate $618,705 in private investment, according to grantee estimates. This project is funded under EDA’s American Rescue Plan Economic Adjustment Assistance program, which makes $500 million in Economic Adjustment Assistance grants available to American communities. The Economic Adjustment Assistance program is EDA’s most flexible program, and grants made under this program will help hundreds of communities across the nation plan, build, innovate, and put people back to work through construction or non-construction projects designed to meet local needs.
Economic Development Administration Invests $2.5 Million in American Rescue Plan Funds to Boost Broadband in Southwest Louisiana