Two-site Gulf Coast fertilizer manufacturing program — new construction plus an existing-plant expansion

A $41,395,349 two-site fertilizer manufacturing program on the Texas Gulf Coast — a new-construction plant in one county paired with an expansion of an existing plant in the next — funded fifty percent by federal grant and fifty percent by applicant match. Because no project debt is proposed, the binding feasibility question is not coverage of a loan but coverage of the match: whether the applicant can actually fund its half, on the schedule the program requires.