Grant
August 26 - 30, 2013
- $600,000 in Economic Adjustment assistance to The Idea Village, Inc., New Orleans, Louisiana, to increase assistance to entrepreneurs in high-growth, high-wage industries in New Orleans. Building upon the successful track record of Idea Village's Entrepreneur Season this project will provide technical assistance and facilitate access to capital to an additional 300 new businesses. Idea Village will also significantly increase the scale of New Orleans Entrepreneur Week by increasing the number of forums, workshops, pitch competitions, networking sessions, and attendees through outreach with entrepreneurs, universities, and public and private partners. This investment will help New Orleans diversify its local economy and solidify its position as a prime location for entrepreneurs. This investment is part of a $1.2 million project that the grantee estimates will provide technical assistance to over 1,000 businesses in high-growth, high-wage industries.
- $425,680 in 2012 Disaster Relief Opportunity funds to the Paducah-McCracken Joint Sewer Agency, Paducah, Kentucky, to support the construction of sewer infrastructure that will promote the continued vitality of the port of Paducah following extensive flooding of the Ohio and Tennessee Rivers in 2011. The project is necessary to remedy environmental concerns and to mitigate future flooding damages. This investment will help the region capitalize on its competitive strengths, assist in the region’s long-term recovery efforts, and promote disaster resiliency. This investment is part of a $532,100 project that the grantee estimates will save 102 jobs.