Posted on November 10, 2020
Oxford – $11 million from the state’s Small Town Economic Assistance Program (STEAP) will be allocated in a round of grants to help 94 towns across the state fund various local projects. According to State Representative David Labriola (R-Oxford) and State Senator Eric Berthel (R-Watertown), Oxford will be receiving a grant that will help pay for an improvement project in the town’s industrial park.
“The residents of Oxford will greatly benefit from this grant allocation. The industrial park is an economic driver in our town and state resources from this STEAP grant will be used efficiently to ensure its viability for years to come. In light of the pandemic, this grant will also help mitigate some of the economic stress the impact of the virus has placed on our local budget,” explained Rep. Labriola.
Oxford is due to receive $128,205 in state funding for the design and construction of a sewer pump station for the industrial park. The state funds will be matched by a significant allocation from the town.
“This is a big win for the Town of Oxford in its economic development efforts. For this reason, I was pleased to support this grant application this past summer. The funds will enable Oxford to design and construct sewer pumps that are necessary for the sale of these lots for commercial use,” said Sen. Berthel. “The town is also investing its own money in the project and will contribute $321,975, which is 2.5 times the value of the STEAP grant. This investment is a great example of collaboration between the state and local government and how to maximize the return on public funds. These funds will enable Oxford to continue its economic growth by attracting new businesses to the area, and maintain the tremendous momentum that it gained over the last five to ten years.”
Local projects may be eligible for a STEAP grant if they fall within any of the following categories: new construction, expansion, renovation, or replacement for an existing facility or facilities. For additional information on the round of STEAP grants the governor’s statement can be reviewed by clicking here.