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Department of Economic Development awards $133,330 in CDBG to La - KOAM TV 7

Department of Economic Development awards $133,330 in CDBG to Lamar

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NEWS RELEASE FROM THE MISSOURI DEPARTMENT OF ECONOMICS DEVELOPMENT

Department of Economic Development awards $133,330 in CDBG to Lamar

LAMAR—The Missouri Department of Economic Development (DED) approved $133,330 in Community Development Block Grant (CDBG) funds to assist the City of Lamar to demolish four dilapidated commercial buildings.

Currently, four dilapidated buildings located on Lamar’s downtown square are being supported by structural support jacks. The city will utilize CDBG funds, local cash, and in-kind matching funds to demolish these four structures and could pave the way for possible future development.

The CDBG program, administered by the Missouri Department of Economic Development provides grants and loan funds to cities with a population under 50,000 and counties under 200,000 to assist in a variety of public works and economic development projects.

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