U.S. Department of Commerce invests $1.9M to make port harbor in Pemiscot County

U.S. Department of Commerce invests $1.9M to make port harbor in Pemiscot County

October 6, 2020 — StandardDemocract.com

U.S. Secretary of Commerce Wilbur Ross announced Tuesday that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to the Pemiscot County Port Authority, Caruthersville, Missouri, to make port harbor improvements needed to protect against future flooding and encourage additional business development. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $207,943 in local funds, and is expected to create more than 60 jobs and generate $11 million in private investment.

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