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WFEDD financial update: $420,000 planning grant on track as staff outline EDA coordination
Summary
WFRC finance staff reported the Wasatch Front Economic Development District is operating on a three‑year EDA planning grant totaling $420,000 and expects to spend the award as planned; staff described regular EDA reporting and reimbursement procedures.
The Wasatch Front Economic Development District (WFEDD) is operating on a three‑year planning grant it received from the U.S. Economic Development Administration, finance staff reported at the Sept. 11 strategy committee meeting.
"We are currently operating on a 3 year planning grant that started on 04/01/2023. The total funds for that grant are $420,000, which are split evenly between federal funds and local match funds," said Marion Florence, chief financial officer at the Wasatch Front Regional Council, which houses the WFEDD finances.
Florence told committee members the grant cycle is nearing completion and the district is on track to spend the funds as planned. She said the…
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