A joint plan to develop an 80-acre aviation business park received a major boost Friday with word it had received a $2 million federal grant.
Rep. Tom Petri, R-Wis., announced the Economic Development Administration’s investment award that will help pay to develop roads and extend utilities to the business park at the southeast corner of Wittman Regional Airport.
The city of Oshkosh and Winnebago County partnered earlier this year to purchase the land and developed a plan to extend infrastructure and, in the future, fund development of a business accelerator aimed at early stage startup companies.
The city will match the $2 million grant with an additional $2.4 million in funding.
“I’m extremely happy that the EDA chose to invest in this project,” Petri said in a news release. “By increasing export potential and encouraging future development, the business park will go a long way in ensuring there is stable economic growth and consistent jobs in the region.”
The EDA cited the region’s need for additional industrial space and the focus on the emerging aviation business cluster in the grant announcement.
The Northwestern will update this story as more information becomes available.
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