Grant

April 6 - 10, 2020

  • EDA announced 11 investments from April 6-10, totaling $14,144,524, which is matched by $8,109,805 in local investments. These investments include the following: (1) $8,350,004 in eight 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 two investments totaling $3,875,200 that will help create 54 jobs, save 1,239 jobs, and leverage $15,600,000 in private investments; and (2) $5,794,520 in three Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 143 jobs, save 106 jobs, and leverage $277,530,000 in private investments.
    • $8,350,004 in eight Economic Adjustment Assistance projects, matched by $2,107,161 in local investments, as follows:
      • $3,475,200 in 2019 Disaster Supplemental funding, matched by $868,800 in local investment, to the City of Westby, Westby/Vernon County, Wisconsin, to support the City of Westby with expanding the city-owned industrial park to meet the need for more business capacity in Vernon County, Wisconsin. The project will make critical infrastructure improvements to help mitigate the effects of recent natural disasters, which will lead to the creation of jobs, spur private investment, promote resiliency, attract new businesses, and strengthen the regional economy. The grantee estimates that this investment will help create 49 jobs and leverage $15,600,000 in private investment.
      • $1,999,420 in 2018 Disaster Supplemental funding, matched by $522,250 in local investment, to the Maine Technology Institute and the Foundation for a Strong Maine Economy dba Focus Maine, Brunswick/Cumberland County, Maine, to support the Maine Technology Institute with creating a comprehensive roadmap for strengthening the marine living resources economy in Brunswick. The project will formulate strategies to mitigate future disasters, develop a sustainable workforce, and identify new market opportunities and transportation mechanisms, which will help promote business resiliency, expand industry competitiveness, and strengthen the regional economy.
      • $1,110,000 in 2018 Disaster Supplemental funding, matched by $266,400 in local investment, to the University of Puerto Rico, San Juan/San Juan County, Puerto Rico, to support the University of Puerto Rico with hiring disaster recovery coordinators to provide strategic technical assistance, implement recovery strategies, and serve as a liaison between federal, state, and local partners. The project will align existing research and investigation of innovative solutions with recovery efforts, identify eligible grant initiatives, and establish a database of scholarly publications to help with planning. Once completed, the project will support sustainable tourism, help mitigate future disasters, and promote economic development throughout Puerto Rico.
      • $700,000 in 2019 Disaster Supplemental funding, matched by $175,000 in local investment, to the University of Arkansas, Fayetteville/Washington County, Arkansas, to support the University of Arkansas’s efforts to assist Arkansas businesses and agribusinesses in furthering economic development and disaster recovery activities through the expansion of commercialization and trade opportunities in Washington County. The University of Arkansas will help introduce businesses to potential export markets to help bolster economic diversification and support disaster recovery efforts from the 2019 floods that affected the region, which will help attract foreign direct investments, create and retain jobs, and enhance economic resiliency throughout the region.
      • $400,000 in 2018 Disaster Supplemental funding, matched by $100,000 in local investment, to the Northwest Regional Planning Commission, St. Albans/Franklin County, Vermont, to support the Northwest Regional Planning Commission with developing an economic resiliency strategy needed to assist with long-term disaster recovery efforts in Franklin and Grand Isle counties in Vermont. The project will deliver technical assistance to agricultural producers in an emerging cluster, design and pilot an agriculture workforce development-certification program, make capital investments in food storage and transportation, and advance strategic planning in municipalities. Once completed, the project will help protect critical infrastructure from future flooding, create and retain employment opportunities, support industry restructuring, and enhance economic resilience throughout the region. The grantee estimates that this investment will help create 5 jobs and save 1,239 jobs.
      • $385,953 in 2019 Disaster Supplemental funding, matched by $104,711 in local investment, to the Florida Agricultural and Mechanical (A&M) University, Tallahassee/Leon County, Florida, to support Florida A&M University with the development of a comprehensive recovery strategy, the FAMU/North Port St. Joe Recovery Project, for the North Port St. Joe community in response to Hurricane Michael and natural disasters. The project will provide a roadmap for the community to implement long-term economic development opportunities by providing technical assistance strategies to support long-term disaster recovery efforts. Once completed, the project will promote resiliency, enhance and improve existing communities, and strengthen the regional economy.
      • $219,431 in 2018 Disaster Supplemental funding, matched by $55,000 in local investment, to Northeastern University and the Maine Department of Economic Development, Boston/Suffolk County, Maine, to support Northeastern University with developing strategies to drive resiliency-focused capital investment into Opportunity Zones in the towns of Millinocket, East Millinocket and Madison, and the City of Saco, Maine, as a pilot for the development of a more comprehensive strategy for generating economic growth and resiliency in Opportunity Zones state-and region-wide. Once completed, the project will promote resiliency, mitigate the effects of natural disaster, and strengthen the regional economy.
      • $60,000 in 2019 Disaster Supplemental funding, matched by $15,000 in local investment, to the Moultrie-Colquitt County Development Authority, Moultrie/Colquitt County, Georgia, to support the Moultrie-Colquitt County Development Authority with conducting a study to fill the critical need for workforce development data in the wake of a recent natural disaster in Colquitt, Brooks, Grady, Mitchell, and Thomas counties in Georgia. The study will conduct extensive research to collect and analyze data to deliver a blueprint for maximizing current skillsets, planning job training, and interconnecting businesses in an area covering designated Opportunity Zones. Once completed, the project will help create a highly skilled workforce, promote manufacturing, enhance economic resiliency, and strengthen the regional economy.
    • $5,794,520 in three Public Works projects, matched by $6,002,644 in local investments, as follows:
      • $3,000,000, matched by $4,796,514 in local investment, to the Town of Hardwick/Center for an Agricultural Economy, Hardwick/Caledonia County, Vermont, to fund the Town of Hardwick’s restoration and re-use of the historic landmark Yellow Barn and the construction of an industrial building to establish an accelerator for food science and food manufacturing in Caledonia County. The project will improve parking, lighting, landscaping, stormwater management, commercial loading, and transportation connections to increase the functionality of the site. Once completed, the project will serve an emerging cluster of agricultural industries, diversify the local timber economy, and create jobs throughout the region. The grantees estimate that this investment will help create 46 jobs, save 6 jobs, and leverage $2,530,000 in private investment.
      • $1,576,520, matched by $394,130 in local investment, to the City of Piedmont, Piedmont/Mineral County, West Virginia, to fund the construction of a new water line to address an emergency water supply loss due to the closure of a local water treatment plant. The project will help provide critical water service in Mineral County and supply the town, businesses, and neighboring communities with potable water. Once completed, the project will which help save residents from water service disruption, help retain existing jobs, assist with industry restructuring, and build economic resiliency throughout the region. The grantee estimates that this investment will help save 100 jobs
      • $1,218,000, matched by $812,000 in local investment, to the Town of Ashley, Ashley/Steuben County, Indiana, to fund the construction of water and sewer infrastructure to improve service to commercial and industrial businesses in Steuben County, Indiana. The project will extend water and sewer access, which will allow a major plastics recycling company to construct a new facility on-site. Once completed, the project will create jobs, increase economic resiliency, and promote advanced manufacturing in an emerging cluster. The grantee estimates that this investment will help create 97 jobs and leverage $275,000,000 in private investment.