The U.S. Department of Commerce Economic Development Administration (EDA) awarded the Greater Peoria Economic Council (GPEDC) a two-year, $200,000 Financial Assistance Award last week, which will be used in it its Investing in Manufacturing Communities Partnership (IMPC).
Specifically, the grant is earmarked to advance the region's earthmoving manufacturing cluster and its supply chain sectors.
"This is the first of many federal awards we hope to receive in support of our manufacturing cluster strategies and initiatives," Jennifer Daly, GPEDC's chief executive officer, said.
Daly said the funds would be used to support GPEDC's new Manufacturing Network, Economic Gardening Program, Business Attraction Campaign, Startup Peoria, CICESS Apprenticeship Program and Critical Careers Campaign.
"All (these projects) center around developing a more diverse and resilient business and talent mix in Greater Peoria," Daly said. "We want to thank the EDA for their outstanding support and guidance."
The grant can be used for any projects within the region that may advance, support or sustain Greater Peoria's economic development.