Federal grant · project grant (b)

Watermark Auto Group Foundation

This Eda Investment Supports the Watermark Auto Group, a 501C3 Foundation, With Renovating an Existing Building, Known as the Citadel, Built in 1914 Located in the Heart of Marion, Illinois, to Create the Ethos Business Incubator. the New Incubator Will Provide 21,000 Square Feet of Space for Small Business Training and Related Services as Well as Leasable Space to Be Occupied by Small Businesses and Entrepreneurs. the Project Will Help Boost Entrepreneurship and Small Business Growth as Both a Source of New Economic Diversity and a Way to Assist Workers Displaced by the Coal Industry's Transition. Once Completed, the Project Will Increase Capacity and Attract Private Investment to an Area That Has Been Impacted by the Decline in the Coal Industry.

Committed

$3.1 Million

Paid out
$2.8M
90%
Committed, not yet paid
$310.1K
10%

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Source

This award on USAspending.gov ↗