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Salem Lakes EDC explores regional road consortium to chase state innovation grant
Summary
Committee members discussed a state innovation grant that can fund up to 25% of existing service costs for up to five years and agreed to fast-track planning for a regional public-works/road consortium to pursue the funding.
The Salem Lakes Economic Development Committee on Oct. 21 discussed pursuing a state innovation grant to help fund a regional public-works or road consortium that would pool bids and share certain services among neighboring communities.
Committee members said the grant makes up to 25% of an applicant’s existing spending on a service available for up to five years if services are consolidated or transferred, and favors proposals that show a sustainable, long-term structure rather than a short-term approach that would end when funding stops. "The faster that we can put something together," one committee member said, "the more likely we'll be able to get the funds."…
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