FLOYD COUNTY — The Floyd County Commissioners received a $3 million grant from the U.S. Department of Commerce’s Economic Development Administration (EDA) Wednesday. The funds, a matching grant, will be used to build infrastructure at the county’s innovation and technology park in Georgetown.
Floyd County bonded its half of the matching grant last year making $6 million now available for infrastructure work. Phase one of the project begins this year.
Don Lopp, the county’s director of operations, said construction on the 60 acre park should be completed in November 2020.
Lopp said the county started the grant process in early spring. He said River Hills helped the county secure the funds.
Officials are hoping the park will attract $10 million in private investment and create 50 jobs.
“The EDA’s $3 million grant will provide critical support for the Floyd County Tech Park and the surrounding region,” said Indiana Sen. Todd Young in a news release. “The grant will enable the safe and secure transportation of people and goods into the first tech park in Floyd County, and support continued economic and job growth in the community.”
Lopp said the first phase of construction will deal with water and sanitary sewer lines, and the road and railroad overpass will be included in phase two.
“Hoosiers in Floyd County have worked hard to expand opportunities for economic development, to attract new businesses and jobs in southern Indiana, and to update our infrastructure,” Ninth District Rep. Trey Hollingsworth said in the release. “I look forward to the support this grant will bring to our Floyd County community and the growth of our southern Indiana economy.”