Grant

April 26-May 2, 2019

  • EDA announced seven investments from April 26 to May 2, 2019, totaling $10,257,090. These investments include the following: (1) $9,892,090 in four Economic Adjustment Assistance projects to help communities design and implement strategies to adjust or bring about change to their economy in response to structural damage to their underlying economic base, which includes one project for $7,872,090 that will help create 34 jobs and leverage $3,150,000 in private investment, and (2) $365,000 in three Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $9,892,090 in four Economic Adjustment Assistance projects as follows:
      • $7,872,090 in 2018 Disaster Supplemental Funding, with no local match, to the Blue Lake Rancheria, Blue Lake/Humboldt County, California, to fund the Toma Resilience Campus Construction Project in Blue Lake, California. The project will develop a campus site to provide facilities and infrastructure to support an economic resilience ecosystem, which will attract private investments, boost the region’s workforce, create jobs and diversify the local economy. The grantee estimates that this investment will help create 34 jobs and leverage $3,150,000 in private investment.
      • $1,660,000 in 2018 Disaster Supplemental Funding, matched by $415,000 in local investment, to the City of Harrison, Harrison/Boone County, Arkansas, to fund the Goblin Drive Phase One Infrastructure Improvements Project to expand an existing roadway and develop additional infrastructure in Harrison, Arkansas. The improvements will help the region increase disaster resiliency by reducing flooding impacts on the roadway and ensuring that the manufacturing facilities on Industrial Park road can remain open during severe weather events, which will strengthen the local economy.
      • $300,000, matched by $75,000 in local investment, to the Southeastern Economic Development Commission and the Cape Fear Council of Governments, Elizabethtown/Bladen County, North Carolina, funds the hiring of a disaster recovery coordinator to provide resources to facilitate the recovery and enhance resiliency of communities negatively impacted by Hurricane Matthew. The recovery coordinator will identify potential resiliency, mitigation, and economic recovery projects to help create a stable economic climate for business attraction and retention, as well as improve the well-being of the region’s citizens when faced with potential devastating disasters.
      • $60,000, matched by $60,000 in local investment, to the Northern Middlesex Council of Governments, Lowell/Middlesex County, Massachusetts, to support the development and implementation of a comprehensive economic development strategy (CEDS) for the region served by the Northern Middlesex Council of Governments in Massachusetts, which comprises the City of Lowell and the Towns of Billerica, Chelmsford, Dracut, Dunstable, Pepperell, Tewksbury, Tyngborough and Westford. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.
    • $365,000 in three Partnership Planning projects, matched by $365,000 in local investments, to support the development and implementation of the Comprehensive Economic Development Strategy (CEDS) process. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.