Grant

August 31-September 4, 2020

  • EDA announced 59 investments from August 31-September 4, 2020, totaling $46,712,187, which is matched by $14,476,657 in local investments. These investments include the following: (1) $3,691,458 in five 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 $2,500,000 that will help save 750 jobs; (2) $32,705,727 in 26 Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Projects to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic; (3) $7,450,000 in five Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 2,240 jobs, save 75 jobs, and leverage $153,300,000 in private investment; (4) $1,887,002 in 16 Technical Assistance University Center projects to make the varied and vast resources of universities available to the economic development practitioner community; (5) $60,000 in one Local Technical Assistance project to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs; and (6) $918,000 in six Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $3,691,458 in five Economic Adjustment Assistance projects, matched by $1,357,531 in local investments, as follows:
      • $2,500,000 in 2019 Disaster Supplemental funding, matched by $625,000 in local investment, to the City of Marble Falls, Marble Falls/Burnet County, Texas, to fund the design and engineering of the Marble Falls Wastewater Treatment Plant No. 2, to assist with recovery efforts from the 2018 floods that devastated the Travis County, Texas region. The project will move the facility out of the 100-year floodplain and design a facility with a capacity of 1.5 million gallons per day (MGD), thereby improving the city’s treatment capacity to 3.0 MGD. Once completed, the project will help mitigate future flooding in the area, sustain businesses, and support economic resiliency throughout the region. The grantee estimates that this investment will help save 750 jobs.
      • $499,703, matched by $287,872 in local investment, to the AgTech Innovation Alliance, Woodland/Yolo County, California, to support the AgTech Innovation Alliance with the development and implementation of the Lab@AgStart incubator that is designed to spur economic growth in the Sacramento region in California. The project will provide needed funding for equipment, supplies, and initial operational costs to launch the Lab@AgStart, to serve as a new wet-lab incubator for science-based startup companies. Once completed, the project will bring together professional resources to align agriculture with technology, which will help diversify and strengthen the regional economy.
      • $298,043, matched by $298,044 in local investment, to the Willamette Partnership, Portland/Multnomah County, Michigan, to support the Willamette Partnership with providing technical assistance and professional development to communities and a designated Opportunity Zone area in Oregon and Washington States. The project will help the region establish a plan to facilitate new development in the area, which will help create a more diverse community, create jobs and strengthen the local economy.
      • $261,212, with no local match, to the Sault Ste Marie Tribe of Chippewa Indians, Sault Ste Marie/Chippewa County, Michigan, to support the Sault Ste Marie Tribe of Chippewa Indians with developing a diversification strategy and land-use strategy to grow the Tribe’s business opportunities in Chippewa County, Michigan, located near a designated Opportunity Zone. The project will help create a new economic path for the Tribe, which will enhance future economic sustainability, strengthen the regional economy and bolster economic resiliency throughout the region.
      • $132,500 in Assistance to Coal Communities, matched by $146,615 in local investment, to the Eastgate Regional Council of Governments, Youngstown/Mahoning County, Ohio, to support the Eastgate Regional Council of Governments with conducting a broadband feasibility study to enable the region, including Ashtabula, Mahoning, and Trumbull Counties in northeastern Ohio, to begin the process of establishing a cutting-edge, expansive, and purpose-driven fiber-optic network. Once completed, the study will help attract businesses and entrepreneurs from the innovation and tech economies, while enabling the existing manufacturing efforts in the area to modernize and transition into more advanced forms of industry that are competitive in the global marketplace. In addition, the study will benefit a designated Opportunity Zone and provide essential information to support the region’s efforts in building a broadband system to diversify its economy, which will help sustain and grow businesses throughout an area hit hard by the decline of the coal industry.
    • $32,705,727 in 26 Economic Adjustment Assistance-COVID- 19 Recovery and Resiliency Projects, as follows:
      • $25,509,000 in eight COVID-19 Recovery and Resiliency Projects to the following grantees to capitalize Revolving Loan Funds:
        • $11,000,000 to the New Jersey Economic Development Authority, Trenton, NJ
        • $3,971,000 to the Kenosha Area Business Alliance, Inc., Kenosha, WI
        • $3,036,000 to the New Orleans Regional Business Dev Loan Corp, New Orleans, LA
        • $2,706,000 to the Cooperative Business Assistance Corp, Camden, NJ
        • $2,134,000 to the South Central Planning and Development Commission, Houma, LA
        • $1,452,000 to the Jefferson Parish ED & Port District, Avondale, LA
        • $660,000 to the Burlington County, Mount Holly, NJ
        • $550,000 to the Jersey City Economic Development Corporation, Jersey City, NJ
      • $7,196,727 in 18 COVID-19 Recovery and Resiliency Projects to the following Partnership Planning grantees to provide supplemental financial assistance to update economic development plans and fortify programs to assist communities in responding to the unusual and compelling urgency of the coronavirus pandemic:
        • $400,000 to the Alamo Area Council of Governments, San Antonio, TX
        • $400,000 to the Brazos Valley Council of Governments, Bryan, TX
        • $400,000 to the Central Texas Council of Governments, Belton, TX
        • $400,000 to the Coastal Bend Council of Governments, Corpus Christi, TX
        • $400,000 to the Concho Valley Council of Governments, San Angelo, TX
        • $400,000 to the Deep East Texas Council of Governments, Lufkin, TX
        • $400,000 to the East Texas Council of Governments, Kilgore, TX
        • $400,000 to the Golden Crescent Regional Planning Commission, Victoria, TX
        • $400,000 to the Gulf Coast Economic Development District, Houston, TX
        • $400,000 to the Lower Rio Grande Valley Development Council Corp, Weslaco, TX
        • $400,000 to the North East Texas Economic Development District, Texarkana, TX
        • $400,000 to the Permian Basin Regional Planning Commission, Midland, TX
        • $400,000 to the Rio Grande Council of Governments, El Paso, TX
        • $400,000 to the South East Texas Economic Development District, Beaumont, TX
        • $400,000 to the South Texas Development Council, Laredo, TX
        • $400,000 to the Texoma Council of Governments, Sherman, TX
        • $399,546 to the Capital Area Council of Governments, Austin, TX
        • $397,181 to the Middle Rio Grande Development Council, Carrizo Springs, TX
    • $7,450,000 in five Public Works projects, matched by $10,983,333 in local investments, as follows:
      • $2,450,000, matched by $7,150,000 in local investment, to Atlantic City, Atlantic City/Atlantic County, New Jersey, to fund the Baltic Avenue Canal Project to enhance Atlantic City’s stormwater infrastructure that will protect the City's downtown area from flooding and facilitate the construction of the AtlantiCare Medical Arts Building and the DCO Energy Midtown Microgrid in Atlantic County, New Jersey, a designated Opportunity Zone. The project consists of the installation of drainage improvements at the Atlantis Avenue site that will evacuate excess stormwater at times of severe tidal or storm events from the Baltic Avenue Canal. Once completed, the project will help promote resiliency by mitigating the effects of future flooding, create jobs, and strengthen the regional economy. The grantee estimates that this investment will help create 65 jobs and leverage $83,000,000 in private investment.
      • $1,500,000, matched by $1,500,000 in local investment, to the City of Artesia, Artesia/Eddy County, New Mexico, to support the City of Artesia with infrastructure improvements to allow expansion of its industrial park in Eddy County, New Mexico. The project will promote business growth in the manufacturing industry and bolster job creation, which will strengthen the regional economy and attract private investment. The grantee estimates that this investment will help create 75 jobs.
      • $1,250,000, matched by $1,250,000 in local investment, to the Town of Pulaski/Pulaski County, Virginia, to support the Town of Pulaski with upgrading its wastewater treatment facility and constructing a pump station in Pulaski County. The project will strengthen the Town’s ability to maintain and develop infrastructure, which will allow the expansion of nearby industrial and residential sites. Once completed, the project will increase attraction and retention of manufacturing companies, support the Town’s largest employer, create jobs, and strengthen the regional economy. The grantee estimates that this investment will help create 1,000 jobs, save 70 jobs, and leverage $300,000 in private investment.
      • $1,250,000, matched by $833,333 in local investment, to the City of Corsicana, Corsicana/Navarro County, Texas, to support the City of Corsicana with constructing an industrial rail spur to serve the Highway 31 Industrial Park in Navarro County, Texas, a designated Opportunity Zone. The project will build upon the industrial park's growing success by installing a new rail switch on the Union Pacific Railroad line and approximately 2,500 track feet of rail. Once completed, the project will attract future manufacturing companies, spur private investment, create jobs, and advance economic resiliency throughout the region. The grantee estimates that this investment will help create 100 jobs and leverage $60,000,000 in private investment.
      • $1,000,000, matched by $250,000 in local investment, to the Regents of New Mexico University, Las Cruces/Dona Ana County, New Mexico, to fund critical infrastructure improvements at New Mexico State University’s (NMSU) Arrowhead Park, to attract business in the media, healthcare, and aerospace industry cluster in Dona Ana County, New Mexico, a designated Opportunity Zone. The project will build upon past successes at NMSU’s Arrowhead Park by constructing new roads and a sewer infrastructure that will support the opening of new businesses. Once completed, the project will create jobs, attract private investment, and advance economic growth throughout the region. The grantee estimates that this investment will help create 1,000 jobs and leverage $10,000,000 in private investment.
    • $1,887,002 in 16 Technical Assistance University Center projects, matched by $2,075,793 in local investments, to support a five-year University Center (UC) program, which is a competitively-based partnership between EDA and academic institutions that makes the varied and vast resources of universities available to the economic development practitioner community.
    • $60,000 in one Local Technical Assistance project, matched by $60,000 in local investment, to Peoria County, Illinois, to support the County of Peoria with hiring an engineering firm to conduct the Mapleton Area Industrial Water/Wastewater Development Study, to evaluate new or expanded water and wastewater services to the Mapleton industrial area in Peoria, Illinois. Once completed, the study will provide a roadmap for capitalizing on new opportunities in workforce development, which will lead to the creation of jobs and businesses throughout the region.
    • $918,000 in six Partnership Planning projects, with no local match, 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.