Commerce Department $1.25 million

$1.25M Federal Grant OK’d For Developing Richfield Springs Site Funding Allows Andela Products Expansion RICHFIELD SPRINGS – The U.S. Commerce Department has approved a $1.2 million grant to establish the Richfield Springs Eco-Industrial Business Park, Otsego Now, the county’s economic development agency, announced today. The Economic Development Administration grant, to be matched with $325,000 in state funds and $875,000 in local funds, is expected to generate more than $10.5 million in private investment, the announcement said.…