Grant

February 24 - 28, 2020

EDA announced seven investments from February 24-28, 2020, totaling $17,966,274, which is matched by $5,361,551 in local investments. These investments include the following: (1) $16,718,000 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 two projects for $7,478,000 that will help create 315 jobs, save 1,325 jobs, and leverage $431,000,000 in private investment; and (2) $1,248,274 in two Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 225 jobs, save 85 jobs, and leverage $77,000,000 in private investment.
- $16,718,000 in five Economic Adjustment Assistance projects, matched by $4,113,277 in local investments, as follows:
  - $8,960,000 in 2018 Disaster Supplemental funding, matched by $2,240,000 in local investment, to the City of Long Beach, Long Beach/Los Angeles County, California, to fund the design and construction of a critically needed flood control infrastructure that will improve the storm drains and pump stations throughout the City of Long Beach, a designated Opportunity Zone in Los Angeles County. The project will increase resiliency to withstand and recover from events such as winter storms, flooding, and mudslides that could adversely impact the growth of the regional economy. Once completed, the project will help lead to the creation of jobs and businesses throughout the region.
  - $5,600,000 in 2019 Disaster Supplemental funding, matched by $1,400,000 in local investment, to Lycoming County, Williamsport/Lycoming County, Pennsylvania, to fund the repair of the structurally unsound I-wall within a levee to prevent catastrophic flooding in Williamsport. The project will re-line, repair, and replace I-wall metal pipes in the economic epicenter of the town to retain and protect existing businesses. Once completed, the project will advance manufacturing, secure resiliency from future natural disasters, and promote employment in a designated Opportunity Zone. The grantee estimates that this investment will help create 240 jobs, save 1,300 jobs, and leverage $425,000,000 in private investment.
  - $1,878,000 in 2019 Disaster Supplemental funding, matched by $400,000 in local investment, to 3SCORE, INC, Chico/Butte County, California, to support 3CORE with capitalizing an existing Revolving Loan Fund (RLF) and funds technical assistance for the RLF in Butte, Tehama, and Glenn Counties, California. The project will provide local businesses and entrepreneurs with access to working capital in areas impacted by natural disasters, including the 2018 Camp Fire. Once completed, the project will help small businesses recover and grow, promote economic diversification, and strengthen communities throughout the region. The grantee estimates that this investment will help create 75 jobs, save 25 jobs, and leverage $6,000,000 in private investment.
  - $180,000 in 2019 Disaster Supplemental funding, matched by $45,000 in local investment, to the Southwest Iowa Planning Council, Atlantic/Cass County, Iowa, to support the Southwest Iowa Planning Council with hiring a recovery coordinator to implement a long-term disaster strategic plan that will assist the region with recovery efforts from 2019 floods that severely affected Harrison, Shelby, and Fremont Counties in Iowa. The recovery coordinator will help to create a stable economic climate for business attraction and retention, as well as improving the well-being of the region’s citizens when faced with potential devastating disasters, which will help spur business and social redevelopment in the region.
  - $100,000 in 2018 Disaster Supplemental funding, matched by $28,277 in local investment, to the Texas A&M University at Kingsville, Kingsville/Kleberg County, Texas, to support the Texas A&M University at Kingsville with conducting a disaster recovery modeling simulation in the cities of Mercedes and Raymondville, Texas. The project will assist the Texas Lower Rio Grande Valley Region with developing a disaster management plan, to serve as a resilience development tool, to meet the communities' critical need of an objective, data -driven, and community-specific support system, that will promote economic resiliency throughout the region.
- $1,248,274 in two Public Works projects, matched by $1,248,274 in local investments, as follows:
  - $735,000, matched by $735,000 in local investment, to the Town of Mattapoisett, Mattapoisett/Plymouth County, Massachusetts, to fund the reconstruction of a critical infrastructure roadway to serve the Town of Mattapoisett’s 100-acre Industrial Park and the existing businesses in Plymouth County, a designated Opportunity Zone. The project improvements will support new business development opportunities and enable expansion of office space, light manufacturing, assembly, warehouse, and distribution activities within the industrial park. Once completed, the project will help advance the region’s industrial growth, support entrepreneurialism, attract private investments, and create jobs. The grantee estimates that this investment will help create 200 jobs and leverage $35,000,000 in private investment.
  - $513,274, matched by $513,274 in local investment, to the Village of Atkinson, Atkinson/Henry County, Illinois, to fund critical sewer infrastructure improvements needed to support the growth of manufacturing businesses in Atkinson. The project improvements will assist the Village of Atkinson with extending its existing sewer services to several businesses, which will attract new business starts, private investment, and serve as a hub of economic activity throughout the region. The grantee estimates that this investment will help create 25 jobs, save 85 jobs, and leverage $42,000,000 in private investment.