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Streator receives major grant for Incubator development

Streator Incubator
Streator Incubator

 
STREATOR – The Department of Commerce’s Economic Development Administration (EDA) is awarding a $948,000 grant to the city of Streator, Illinois, to renovate the Streator Incubator building. This grant will allow for structural, HVAC and technology upgrades, as well as the installation of a fire alarm system and parking improvements. The EDA investment will be matched with $237,000 in local funds and is expected to create 50 jobs and generate $1 million in private investment, according to grantee estimates. The grant is funded by the American Rescue Plan.

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