The U.S. Economic Development Administration has awarded a $1.5 million grant to the city of Springdale to support business growth by improving roadway infrastructure needed to ease the movement of commercial traffic.
The grant, to be matched with $1 million in local funds, is expected to create or retain 125 jobs and generate $14.6 million in private investment. It will be used to widen Kendrick Avenue and connect it to Highway 265.
The project will also make it possible for a food processing equipment manufacturer to construct a plant on a nearby site, according to a news release.
“It is critical that our infrastructure keep up with our booming economy,” Gov. Asa Hutchinson said in the release. “Springdale’s thriving industry and growing population make it the perfect fit for this project.”
“Springdale is ripe with growth opportunity — and this strategic investment will make our community even more competitive,” Congressman Steve Womack added. “It’s a great example of leveraging existing assets to support long-term economic development, improve traffic flow, and modernize infrastructure.”
“Investment in infrastructure is vital to allow for continued growth and development in northwest Arkansas, which is why I’m pleased the Trump Administration awarded this grant,” said Senator John Boozman.
“Arkansas’ economy depends on safe, reliable infrastructure to move products to market,” said Senator Tom Cotton. “Updating the roadway infrastructure in Springdale will help sustain long-term economic growth in the region.”
This project was made possible by regional planning efforts led by the Northwest Arkansas Planning and Development District. The EDA funds the NWAEDD.
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