The city of Martinsville and the Virginia Economic Development Partnership have been awarded $3.9 million in federal CARES Act grants to boost economic development during the downturn related to the COVID-19 pandemic, the U.S. Department of Commerce announced Thursday.
Martinsville will receive a $3 million grant from the Commerce Department’s Economic Development Administration to expand its sanitary sewer service, and $750,000 in local matching funds will be added to the project. The project is expected to create 400 jobs, save 3,500 jobs and generate $25 million in private investments, according to a department news release.
VEDP will receive a $960,000 grant to address the needs of developers in Virginia and nearby states, in an effort to attract businesses to the state. The grants are part of $1.5 billion allocated to the EDA in the federal CARES Act passed last year, funding that is being administered under the commerce department’s Economic Adjustment Assistance program.
