©2011 Galesburg Broadcasting Co.
|City Continuing Economic Efforts with Grant Extension
|A $1.2-million grant from the U.S. Department of Commerce was extended for a period of six months according to Galesburg Economic Development Director Cesar Suarez.
The grant period started October 1st and the City was preparing for the end of the three year cycle in September of this year.
The City of Galesburg had hired no staff after a period of three months - which according to Suarez bought them some time during the reimbursement process.
With the grant extension, the City's economic development team have the additional six months to spend an additional 350-thousand dollars.
Suarez says that both Knox County and Mayor John Pritchard signed documents in July of this year approving the extension.
"You always can make a modification in the grant," says Suarez. "You can modify the budget, you can modify the term, and boy you know I said 'I would love three extra months' because we want to spend as much money as we can that we receive from the federal government and this grant."
A budget reimbursement in June of this year was submitted to the federal government.
Knox County was also unable to fill a position they were responsible for in the grant terms, extending the grant for an additional three months.
Suarez says that the other reason they applied for the grant was that it made available funds for the business community.
"To get any of the work done staff is needed and to really provide the technical assistance to the businesses as well as managing the programs, funding, and marketing and really getting these funds out there, it's really important to have staff," says Suarez.
Any grants could potentially cover consulting fees, or other items considered "soft costs," for innovative projects.
Suarez says the City knew almost from the get go that the extension would happen, it was simply waiting for the filing period.
|08 08 13 by Newsroom
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