Congressman Tim Ryan Announces a New Public-Private Partnership TIGER Grant Award for the City of Akron
AKRON, OH - Congressman Tim Ryan today is announcing a $5 million TIGER grant award for the City of Akron, a public-private partnership that will enable the city to complete a significant section of the Downtown Akron Promenade. This grant will make possible new enhancements to the major connections within Akron’s downtown area, and provide support for both local and global businesses located in the Akron downtown.
“I am very excited for the City of Akron and congratulate Mayor Horrigan and his administration on receiving this TIGER grant,” said Congressman Ryan. “This grant is a proven public-private partnership, and I was happy to speak to Department of Transportation Secretary Anthony Foxx in support of this project. Today’s announcement will spur the collaboration of our public and private sectors as they join together to transform the city and improve the quality of life. This is a great step forward for the City of Akron and I am proud to have played a role in securing these funds for the city.”
“I am immensely thankful for the support of our County Executive Russ Pry, our congressional delegation, and local business leaders who helped champion this effort. It is truly an honor to be one of the few TIGER grant recipients in the State of Ohio over the past eight years. This grant is transformational for downtown Akron and for our growth strategies,” said Mayor Dan Horrigan.
The City of Akron has numerous transportation improvements on the horizon including the Cedar-Exchange Complete Street project and the Oak Park Project which will reconfigure Dart and Rand. South Main Street is a critical artery in the Downtown Akron Innovation District, as well as the Akron BioMedical Corridor, a 506-acre area designated to promote business incubation and development that connects The University of Akron, Akron Children’s Hospital, Akron General Medical Center, Summa Health Systems and the Austen BioInnovation Institute. Akron is quickly becoming a global hub of innovation, attracting international biomedical technologies and companies that are looking for help in commercializing their produces and expanding into a global market and the Downtown Akron Promenade is a direct link into the Downtown Innovation District.
Congressman Ryan, a member of the House Appropriations Committee, has long supported full funding for TIGER grants as we work to put more Americans back to work and modernize our infrastructure for the 21st Century. The TIGER grant allows for federal investments in transit projects that can help revitalize communities. Over the past three years, Ohio has received $16.5 million for these projects, including federal funding for the Kent Central Gateway.