Grant

February 10 - 14, 2020

  • EDA announced four investments from February 10-14, 2020, totaling $2,636,416, which is matched by $633,854 in local investments. These investments include the following: (1) $2,581,416 in three 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 projects for $2,181,416 that will help create 395 jobs, save 160 jobs, and leverage $120,500,000 in private investment; and (2) $55,000 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.
    • $2,581,416 in three Economic Adjustment Assistance projects, matched by $633,854 in local investments, as follows:
      • $1,726,416 in 2019 Disaster Supplemental funding, matched by $431,604 in local investment, to the Commonwealth of the Northern Mariana Islands/Commonwealth Utilities Corporation, Saipan/Saipan, Northern Mariana Islands, to support the construction of a water filtration system in Saipan, Northern Mariana Islands, a designated Opportunity Zone. The new infrastructure improvements will ensure the availability of fresh potable water on the island to help increase economic conditions that will lead to the creation of more employment opportunities and higher personal incomes for the region’s workforce. Once completed, the project will support resiliency against future natural disasters, spur private investments, and provide long-term economic stability. The grantee estimates that this investment will help create 370 jobs and leverage $110,000,000 in private investment.
      • $455,000 in 2018 Disaster Supplemental funding, matched by $113,750 in local investment, to Jefferson County, Rigby/Jefferson County, Idaho, to fund the design and engineering of a roadway to provide access to an industrial area in Jefferson County. The project will help the County improve necessary infrastructure to address the resiliency of the roadway as a result of severe winter storms and flooding, which will lead to long-term economic growth and an increase in sustainable job opportunities throughout the region. The grantee estimates that this investment will help create 25 jobs, save 160 jobs, and leverage $10,500,000 in private investment.
      • $400,000 in 2018 Disaster Supplemental funding, matched by $88,500 in local investment, to the Universidad Ana G. Mendez-Recinto de Cupey/Municipality of Cataño, Cataño/Cataño, Puerto Rico, to fund the Sustainable Tourism Strategic Plan for the Cataño waterfront in Puerto Rico, a designated Opportunity Zone. Cataño is a 10-minute ferry ride from the San Juan port where more than 1.4 million cruise ship tourists visit annually. The plan will use a community-based research approach to design strategies for attracting visitors to Cataño for shopping, sight-seeing, and other tourist attractions. Once completed, the project will help improve recruitment and retention throughout the region, which will strengthen the local economy.
    • $55,000, in one Local Technical Assistance project, with no local match, to the Port of Clarkston, Clarkston/Asotin County, Washington, to support the development of the Economic Impact and Needs Assessment of the Cruise Boat and Passenger Vessel Industry in the Lewis-Clark Valley. Once completed, the study will provide a plan for capitalizing on new opportunities in workforce development, which will lead to the creation of jobs and businesses throughout the region.