U.S. Senators John Hoeven and Heidi Heitkamp announced today that five North Dakota communities will receive a total of $266,850 in federal funding to help spur economic development. The funding, awarded by the U.S. Economic Development Administration (EDA), will be used for long-term planning efforts in Devils Lake,Dickinson,Fargo,Mandan and on the Standing Rock Sioux Tribe Reservation.
"Long-term economic development planning is crucial for North Dakota communities to be successful in creating jobs and opportunities in the future," the Senators said. "Smart economic development investments are critical to ensure that our communities have the know-how to access capital and planning resources."
According to the EDA, this planning investment supports the development and implementation of a comprehensive economic development strategy (CEDS). The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.
The following entities will receive EDA funding:
· North Central Planning Council, Devils Lake - $55,800
· Roosevelt-Custer Regional Council for Development, Dickinson - $55,800
· Lake Agassiz Regional Council, Fargo - $55,800
· Lewis and Clark Regional Development Council, Mandan - $55,800
· Standing Rock Sioux Tribe, Fort Yates - $43,650