On Thursday, the U.S. Department of Commerce’s Economic Development Administration (EDA) awarded a $4.5 million CARES Act Recovery Assistance grant to the Perry County Port Authority, a railroad company in Tell City, Indiana, to make railway infrastructure improvements needed to support the growth of manufacturing and other businesses in three local industrial parks.
According to the EDA, the grant, which will be matched with $1.1 million in local investment, is expected to create 25 jobs, retain nearly 20 jobs, and generate more than $1.5 million in private investment.
“This EDA investment will provide enhanced rail capacity to support Perry County’s critical metals, automotive support, and logistics businesses and encourage additional business growth to strengthen the region’s economic resilience," said Dennis Alvord, Acting Assistant Secretary of Commerce for Economic Development.
The Bridge Replacement Added Capacity Enhancement (BRACE) project will replace two 100-year-old bridges and the rail approaches near the bridges to tie to the main line. The two new bridges will be able to handle heavier freight to encourage business expansion and growth and strengthening economic resilience.
“Positioned as the Crossroads of America, Indiana’s economy relies on dependable transportation infrastructure,” said Senator Todd Young. “I’m proud to help the Perry County Port Authority secure the necessary resources to modernize the efficiency and reliability of its railway system. This grant will further bolster economic development, protect Hoosier jobs, and improve overall rail safety in Southwest Indiana.”
The BRACE project is along the Hoosier Southern Railroad, a 22-mile rail line extending from the Ohio River in Tell City, Indiana, to the Norfolk Southern Railroad in Lincoln City, Indiana.