December 6 - 10, 2021

EDA announced three investments from December 6-10, 2021, totaling $7,907,800, which is matched by $3,616,200 in local investments.  These investments include the following: (1) $3,300,000 in one Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Project to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic that will help create 55 jobs, save 124 jobs, and leverage $30,000,000 in private investment; and (2) $4,607,800 in two Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 295 jobs and leverage $1,600,750,000 in private investments.

• $3,300,000 in one Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Project, with no local match, as follows:
  • $3,300,000, with no local match, to the White Mountain Apache Development Corporation, Pinetop/Navajo County (Project: Whiteriver/Navajo County), Arizona, to support the White Mountain Apache Development Corporation with making improvements to the White Mountain Apache Timber Company (WMATCO) sawmill in Whiteriver, Arizona.  The project will help the Fort Apache Indian reservation recover from devastating businesses losses due to the COVID-19 pandemic, support tribal entrepreneurship, diversify the local economy, and create jobs, which will attract private investment and strengthen the regional economy.  The grantee estimates that this investment will help create 55 jobs, save 124 jobs, and leverage $30,000,000 in private investment.
• $4,607,800 in two Public Works projects, matched by $3,616,200 in local investments, as follows:
  • $2,974,800, matched by $1,983,200 in local investment, to Cape May County, Cape May Court House/Cape May County (Project: Rio Grande/Cape May County), New Jersey, to support the construction of a 16,000 sq ft. multi-tenant building on a 15-acre parcel to provide space to private companies at the Hangars Technology Park (formerly known as Tech Village) at the Cape May County Airport.  The project work includes site labor, parking, lighting, sidewalks, and expansion of stormwater facilities.  Once completed, the project will boost growth in the aviation technology cluster by providing space for two technology companies, which will spur private investment and advance economic resiliency throughout the region.  The grantee estimates that this investment will help create 25 jobs and leverage $750,000 in private investment.
  • $1,633,000, matched by $1,633,000 in local investment, to the Town of Boydton, Boydton/Mecklenburg County, Virginia, to support improvements to the Boydton wastewater treatment plant and a sewer line from the plant to service an expanding Microsoft data center campus in Mecklenburg County, Virginia.  The project will provide the wastewater infrastructure capacity needed to bring new businesses and jobs to the community, which will help address the pressing need for employment opportunities in a region that was devastated by the decline of the furniture and tobacco industries.  Once completed, the project will advance the region’s manufacturing industry, create jobs, spur private investment, and strengthen the regional economy.  The grantee estimates that this investment will help create 270 jobs and leverage $1,600,000,000 in private investment.