ABQ Times

The US Economic Development Administration awarded Albuquerque a grant worth $2,400,000 to help fund a project in Bernalillo County.

The grant was awarded on Dec. 4. The EDA describes the grant as follows:

"This EDA investment funds infrastructure improvements needed to support the redevelopment of a historic rail yard at a 27-acre brownfields site near a designated Opportunity Zone in Albuquerque, New Mexico. The project will increase the resiliency and reliability of the rail line by creating an operational system to enable internet connectivity in the future. Once completed, the project will lay the groundwork for economic re-vitalization in the region, which will create jobs, spur innovation, and support business development throughout the region."