New Economic Strength Project Funding Round

The Az. Departments of Commerce & Transportation have opened a new funding round for Economic Strength Project (ESP) grant applications. This joint program provides grants for road projects that result in economic development & meet 3 primary goals: create or retain a significant number of jobs in Arizona; lead to significant capital investment in Arizona; & make a significant contribution to the economy of Arizona.

Applications for this very competitive grant program may be submitted to the Az Dept of Commerce by towns, cities or counties no later than 4 pm on March 23rd. Economic development organizations may apply if the project is co-sponsored by the local jurisdiction. Application announcements are made twice each year, in January & July. The Arizona State Transportation Board is the final approval entity for the ESP program, which has a continuous funding source of up to $500,000 in each round.

For info on ESP & the recent funding round, call 602-771-1235 or visit azcommerce.com/ESP.