FREDERICKSBURG, Texas — The federal government is awarding major funds to the City of Fredericksburg to support the growing tourism industry.
U.S. Secretary of Commerce Gina Raimondo announced that the department's Economic Development Administration (EDA) is awarding a $1.4 million grant to the City for construction of a parking facility needed to support local tourism. The goal of the project is to provide greater access to restaurants and local attractions.
The grant is funded under the EDA's $240 million competitive American Rescue Plan Travel, Tourism and Outdoor Recreation program. The programs are designed to expediate the economic recovery process for communities that rely on the tourism, travel and outdoor recreation sectors.
"President Biden recognizes the vital contribution the tourism industry makes to the American economy,” Raimondo said. "This project will support one of the top tourism destinations in Texas, by providing additional infrastructure to accommodate tourists to Fredericksburg."
The EDA grant will be matched with $5.3 million in local funds and is expected to create 526 jobs and retain 33 jobs, according to grantee estimates.
"The Economic Administration’s investment in Fredericksburg will help boost local tourism and bring economic opportunities to the community," said Gov. Greg Abbott. "Fredericksburg is a Texas treasure and national tourist attraction, bringing in people from across the nation to the beautiful Hill Country region. This grant will bring critical infrastructure improvements to the city, ensuring Fredericksburg continues to grow and thrive."
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