Princeton Technology Park

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Princeton Technology Park

PROJECT: Extend Public Infrastructure/Municipal Services to Princeton Technology Park

Grant Amount: $675,000

Agency: U.S. Department of Commerce – Economic Development Administration (EDA)

Funding Program: IL Business Development Public Infrastructure Program (BDPIP)

Program: Public Works

Applicant/Grantee: City of Princeton

Total Construction Cost: $ 1,350,000

Infrastructure Project Description: The proposed EDA project includes the extension and construction of roadway, sidewalks, watermain, sanitary sewer, electric service/lighting, storm water detention and landscaping to complete Phase Two of the infrastructure for the Princeton Technology Park. The public infrastructure construction project needed to service the entire Technology Park is a two-phase project. Princeton completed the construction and installation of all of the Phase One public infrastructure improvements on their own. The EDA grant combined with a matching local contribution of $675,000 was used to construct the Phase Two improvements.