The City of Cabot has received a $1.9 million grant from the Economic Development Administration (EDA) American Rescue Plan to construct water, sewer and road infrastructure to support future development by Unity Health. The project will be matched with $570,667 in local funds, and is expected to create 750 jobs and generate $150 million in private investment.
“The grant is a great first step for the future development of a Unity Health location,” said Unity Health spokesperson, Brooke Pryor. “We look forward to developing a long-lasting partnership with Cabot and surrounding communities.”
The project was made possible by the regional planning efforts led by the Central Arkansas Planning and Development District (CAPDD). EDA funds the CAPDD to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
“As Cabot’s mayor, infrastructure and jobs for our city is a must,” said Mayor Ken Kincade. “My administration and I have worked extremely hard to make this development happen for Cabot and we are hoping this will create great high paying jobs for our residents.”
