Grant

January 27 - 31, 2020

  • EDA announced 29 investments from January 27-31, 2020, totaling $6,906,704, which is matched by $4,690,304 in local investments. These investments include the following: (1) $156,704 in two 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; (2) $1,500,000 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 24 jobs; (3) $50,000 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, and (4) $5,200,000 in 25 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $156,704 in two Economic Adjustment Assistance projects, matched by $89,445 in local investments, as follows:
      • $117,704, matched by $50,445 in local investment, to Oakland University, Rochester/Oakland County, Michigan, to fund a feasibility study to determine the validity of a small business service center to help support non-technology-based companies flourish in Pontiac. The study will evaluate how local, regional, and state resources can be integrated into a single entity that develops, sustains, and promotes entrepreneurial opportunities near designated Opportunity Zones. Once completed, the study will support regional planning for business expansions, which will create jobs and strengthen the regional economy.
      • $39,000, matched by $39,000 in local investment, to Jefferson County, Watertown/Jefferson County, New York, to support the development and implementation of a 5-year comprehensive economic development strategy (CEDS) for Jefferson County, which will include development of the CEDS plan itself and an in-depth tourism destination development plan to be incorporated into the 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.
    • $1,500,000 in one Public Works project, matched by $1,500,000 in local investment, as follows:
      • $1,500,000, matched by $1,500,000 in local investment, to the Venango County Economic Development Authority, Franklin/Venango County, Pennsylvania, to support the Venango County Economic Development Authority with renovating the third floor of the historic Oil City National Bank Building, to establish an Innovation Center in Venango County. The project includes creating commercial infrastructure to provide office, co-working, meeting, and maker space in a designated Opportunity Zone. Once completed, the project will be a catalyst for new business, help revitalize an industrial area, create jobs, and spur economic growth and resiliency throughout the region. The grantee estimates that this project will help create 24 jobs.
    • $50,000, in one Local Technical Assistance project, matched by $50,000 in local investment, to support the update and implementation of a comprehensive economic development strategy (CEDS) for seven counties in the southeast Wisconsin region. 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.
    • $5,200,000 in 25 Partnership Planning projects, matched by $3,050,859 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.