Grant

February 28 - March 2, 2022

EDA announced three investments from February 28-March 2, 2022, totaling $431,000, which is matched by $209,000 in local investments. These investments include the following: (1) $296,000 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 that will help create 105 jobs, save 7 jobs, and leverage $32,500,000 in private investment; and (2) $135,000 in two Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.

  • $296,000 in one Economic Adjustment Assistance project, matched by $74,000 in local investment, as follows:
    • $296,000 in 2019 Disaster Supplemental funding, matched by $74,000 in local investment, to the Valley Contractors Exchange, Chico/Butte County, California, to fund the Construction Industry Workforce Initiative “Mobile Training Force” to help address the region’s critical construction workforce shortage by creating a mobile construction training classroom and educational program. The Mobile Training Force is an industry-driven initiative wherein a heavy-duty truck with a lumber rack, pulling a 24’ trailer outfitted as a mobile construction classroom will travel into communities to introduce and educate the potential workforce about careers in the construction field. The project will help in rebuilding following extensive wildfires and flooding in the area, which will lay the groundwork for long-term economic vitality and advance economic resiliency throughout the region. The grantee estimates that this investment will help create 105 jobs, save 7 jobs, and leverage $32,500,000 in private investment.
  • $135,000 in two Partnership Planning projects, matched by $135,000 in local investments, to support the development and implementation of a comprehensive economic development strategy (CEDS). 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.