Fort Smith has received a $1.7 million federal grant to build roadway infrastructure to support growth at Stephens Industrial Park and the surrounding area.
The grant from the U.S. Department of Commerce's Economic Development Administration will be matched with $415,878 in local funds. It's expected to create or retain about 84 jobs and generate $119 million in private investment.
Federal funds come from the $1.9 trillion American Rescue Plan, which all of Arkansas' congressional delegates voted against.
“This EDA investment will play an important role in supporting existing businesses and creating new opportunities for manufacturers in Fort Smith, creating a stronger, robust regional economy," Commerce Secretary Gina Raimondo said in a news release.
This project was made possible by the regional planning efforts led by Western Arkansas Planning and Development District.
“Fort Smith has been a cornerstone of economic success for Western Arkansas and continues to attract significant industry and military investment,” Gov. Asa Hutchinson said in the release. “The $1.7 million from the American Rescue Plan to support the construction of roads and other infrastructure at Stephens Industrial Park is a well-deserved boost to Fort Smith as it builds for a bright future.”