U.S. Department of Commerce announces $2.7 million grant for Perryton business growth

PERRYTON, Texas (KFDA) – The U.S. Department of Commerce awarded a $2.7 million grant to Perryton to support small business growth following last year’s tornado.

The department’s Economic Development Administration announced the award to the city on Friday.

According to a news release, the grant will create the Rebuild Perryton Incubator and convert an existing building into a commercial space for businesses. The grant will be matched with $625,000 in local funds.

“The Economic Development Administration works closely with local communities to support place-based economic growth,” said Assistant Secretary of Commerce for Economic Development Alejandra Castillo. “This investment in Perryton will allow businesses to grow and thrive following natural disasters, supporting a resilient economy that benefits Texans throughout the region.”

The news release states the project was made possible by planning efforts from the Panhandle Regional Planning Commission.

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