Economic Development Partnership talks opportunity, housing
7 Sep 2020
The Mayor’s Economic Partnership Group met Tuesday, Sept. 1 via Zoom. John Boswell, Corsicana and Navarro County Economic Development Director, teased the announcement of a $1.2 million Economic Development Administration Grant to awarded to the city of Corsicana to construct an industrial rail spur to serve the Highway 31 Industrial Park.
The EDA grant, announced Wednesday, is to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $833,333 in local funds and is expected to create 100 jobs and generate $60 million in private investment.