LAKE CITY, S.C. (WPDE) — On Tuesday, U.S. Secretary Gina Raimondo announced that the Department’s Economic Development Administration is awarding Lake City a $13.5 million grant for water infrastructure improvements needed to support local businesses.
The EDA investment will be matched with $1.3 million in local funds. The grant will help alleviate flooding in the downtown area and reduce structural and economic damage to businesses and homes.
This EDA investment will allow Lake City to enhance its resiliency against storms and other natural disasters, which will strengthen the region by helping to better protect local businesses and residential areas from the impact of severe weather on its economy,” said Raimondo.
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Under the Disaster Relief Supplemental Appropriations Act of 2023, the EDA was provided with $438 million in additional Economic Adjustment Assistance.
The program funds disaster relief and recovery for areas that received major disaster declarations from Hurricanes Ian and Fiona, as well as wildfires, flooding and other natural disasters from 2021 and 2022.
To find out more information on EDA’s Disaster Supplemental Funding, click here.