October 02, 2020
U.S. Sen. Jim Inhofe (R-Okla.) applauded two announcements by U.S. Secretary of Commerce Wilbur Ross that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to the city of Altus, Oklahoma, and a $2 million grant to the city of Woodward, Oklahoma.
This $1.1 million grant to the city of Altus, Oklahoma, will allow the city to make flood-resilient water infrastructure improvements needed to support the transportation needs of the local business community. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $750,000 in state funds.
“Oklahoma is an agriculture state, and flood-resistant infrastructure upgrades in Altus, Oklahoma, made possible by this grant will ensure the city can separate cotton and other agricultural commodity production truck traffic from local business traffic – increasing safety, economic competitiveness and quality of life across the region,” said Inhofe. “I am glad to see EDA award a $1.1 million grant to the city of Altus to make these important infrastructure improvements. This grant is another example of the Trump administration devoting resources to communities that will result in economic activity and job growth.”
This $2 million grant to the city of Woodward, Oklahoma, will allow the city to make building renovations at the Woodward Industrial Airpark to attract and support businesses following devastating fires in 2018. The EDA grant will be matched with more than $1.2 million in local investment.
“This $2 million EDA grant awarded to the city of Woodward is welcome news,” said Inhofe. “This funding will allow for needed building renovations at the Woodward Industrial Airpark. We know that airports are economic hubs for communities, and this investment will spur economic activity and job growth in the area. I am proud this federal investment is being met with $1.2 million in local investment.”