Grant
February 17 - 21, 2020
- EDA announced eight investments from February 17-21, 2020, totaling $2,004,683, which is matched by $582,961 in local investments. These investments include the following: (1) $709,222 in one Economic Adjustment Assistance project 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, and (2) $1,295,461 in seven Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
- $709,222 in one Economic Adjustment Assistance project, with no local match, as follows:
- $709,222 in 2019 Disaster Supplemental funding, with no local match, to the Bad River Band of Lake Superior Tribe of Chippewa Indians, Odanah/Ashland County, Wisconsin, to support the Bad River Chippewa Tribe with hiring a disaster recovery manager to help develop an economic diversification strategy plan and assist with recovery efforts from natural disasters in Odanah. The disaster recovery manager will also lead a feasibility study to aid the creation of a new business incubator that supports entrepreneurship and new economic activity in the area. The project will help bolster new business opportunities within the Tribal community, and helps the region become more economically resilient in the face of future disasters.
- $1,295,461 in seven Partnership Planning projects, matched by $582,961 in local investments, 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.
- $709,222 in one Economic Adjustment Assistance project, with no local match, as follows: