Grant

July 20 - 24, 2020

EDA announced 72 investments from July 20-24, 2020, totaling $76,853,791, which is matched by $4,263,960 in local investments. These investments include the following: (1) $10,055,723 in six 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 four projects for $8,293,374 that will help create 138 jobs, save 39 jobs, and leverage $27,292,000 in private investments; (2) $61,255,831 in 61 Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Projects to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic; (3) $5,392,237 in four Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 729 jobs, save 160 jobs, and leverage $65,672,444 in private investments; and (4) $150,000 in one Technical Assistance University Center project to make the varied and vast resources of universities available to the economic development practitioner community.
- $10,055,723 in six Economic Adjustment Assistance projects, matched by $2,285,722 in local investments, as follows:
  - $3,287,800 in 2019 Disaster Supplemental funding, matched by $821,950 in local investment, to the Carteret County-Beaufort Airport Authority, Beaufort/Carteret County, North Carolina, to support the rebuilding of airport hangar buildings damaged by Hurricanes Florence 2018 and Dorian 2019 in Carteret County, North Carolina, near a designated Opportunity Zone. The airport, a critical economic driver, is a key economic development asset in the region and the project will help to improve its resilience by making the facility more structurally and financially prepared to withstand future storms. Once completed, this project will create jobs, attract private investment, and drive regional economic growth. The grantee estimates that this investment will help create 65 jobs and leverage $25,592,000 in private investment.
  - $3,300,000 in 2019 Disaster Supplemental funding, matched by $829,879 in local investment, to the Southern Illinois Airport Authority, Carbondale, Illinois, to support the Southern Illinois Airport with construction of a new overhaul Hangar (Hangar 10) and expansion of an aircraft ramp in Jackson County, Illinois. The project will help construct an additional hangar to house workforce training programs offered by the Southern Illinois University to increase employment opportunities in the aerospace industries as well as support manufacturing distribution network. Once complete, the project will support a growing cluster of aviation, maintenance and overhaul facilities, which will bolster job creation, attract private investment, and advance economic resiliency throughout the region. The grantee estimates that this investment will help create 63 jobs and leverage $700,000 in private investment.
  - $1,532,349 in 2019 Disaster Supplemental funding, with no local match, to the American Samoa Shipyard Services Authority, Pago Pago/Eastern County, American Samoa, to support the American Samoa Shipyard Services Authority with equipment purchase to fill the critical need for disaster recovery in the wake of 2018 Tropical Storm Gita, in Pago Pago, American Samoa, a designated Opportunity Zone. The project will purchase and accept equipment, machinery, and tools for use in the shipyard facility, which will increase shipyard service capacity and enable higher-quality services to maintenance customers. Once completed, the project will promote resiliency, mitigate the effects of natural disasters, and strengthen the regional economy.
  - $1,505,574 in 2019 Disaster Supplemental funding, matched by $376,393 in local investment, to Pike County, Bowling Green, Missouri, to fund 2.2 miles of road improvements on County Highway 251 to fill the critical need for flood mitigation in Pike County, Missouri. The project will upgrade the existing roadway to full-depth asphalt, widen the roadway to 24 feet, replace four culverts to improve drainage, and realign a curve to conform to current safety standards, which will provide for a reliable detour route during flooding. Once completed, this project will enhance business resiliency, promote employment, and strengthen the regional economymake critical roadway and detour route infrastructure improvements needed to ensure commerce continues during severe weather events. The grantee estimates that this investment will help save 39 jobs.
  - $230,000, matched by $57,500 in local investment, to the City of Pawtucket, the City of Central Falls, and the State of Rhode Island, Pawtucket. Rhode Island, to support the development of a joint Opportunity Zone-focused economic development strategic plan for the cities of Pawtucket and Central Falls, Rhode Island. The project will analyze their workforce development needs, study the feasibility of establishing a workforce training center, and create a redevelopment plan for a former industrial plant in Central Falls. Once implemented, the project will support future economic and business development initiatives, create a framework for building and maintaining a competitive, employment-ready workforce, and provide the necessary data and roadmap for creating jobs and spurring private investment throughout the region.
  - $200,000 in Assistance to Coal Communities funding, matched by $200,000 in local investment, to Emery County, Castle Dale, Utah, to support Emery County’s transformation into a hub of energy innovation research by bringing a L-1500 test furnace online to attract business, academic programs, capital, and long-term research to the area. The project will help address the local and regional need to spur economic resiliency and create job opportunities in communities that has been impacted by the decline in the coal industry. Once completed, the presence of this unit will bring international business to the region and its coal industry, support the coal industry through coal innovation, and help companies become more viable by developing affordable ways to reduce coal emissions, which will boost the local economy. The grantee estimates that this investment will help create 10 jobs and leverage $1,000,000 in private investment.
- $61,255,831 in 61 Economic Adjustment Assistance-COVID- 19 Recovery and Resiliency Projects, as follows:
  - $49,215,831 in 28 COVID-19 Recovery and Resiliency Projects to the following grantees to capitalize Revolving Loan Funds:
    - $11,000,000 to the Oregon Business Development Department, Salem, OR, to capitalize a $10,000,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: all cities and counties in Oregon. This EDA investment also provides $1,000,000 to defray the cost of administering the RLF.
    - $4,444,000 to the South Eastern Development Foundation/South Eastern Council of Governments, Sioux Falls, South Dakota, to capitalize a $4,040,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Clay, Lincoln, McCook, Minnehaha, Turner, and Union Counties in South Dakota. This EDA investment also provides $404,000 to defray the cost of administering the RLF.
    - $3,600,000 to the Racine County Economic Development Corporation, Sturtevant, Wisconsin, to capitalize an RLF.
    - $3,300,000 to the Rural Nevada Development Corporation, Ely, Nevada, to capitalize a $3,000,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Elko, Esmeralda, White Pine, Lincoln, Eureka, Lander, Pershing, Humboldt, Nye, Churchill, Storey, Douglas, Mineral, and Lyon Counties in Nevada. This EDA investment also provides $300,000 to defray the cost of administering the RLF.
    - $2,882,000 to the Milwaukee Economic Development Corporation, Milwaukee, Wisconsin, to capitalize a $2,620,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: City of Milwaukee, Wisconsin. This EDA investment also provides $262,000 to defray the cost of administering the RLF.
    - $2,570,000 to the Mid-Willamette Council of Governments, Salem, Oregon, to capitalize a $2,340,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Marion, Polk and Yamhill Counties in Oregon. This EDA investment also provides $234,000 to defray the cost of administering the RLF.
    - $2,200,000 to the Central Oregon Intergovernmental Council, Bend, Oregon, to capitalize a $2,050,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Crook, Deschutes and Jefferson Counties in Oregon. This EDA investment also provides $205,000 to defray the cost of administering the RLF.
    - $1,815,000 to the Northeast Council of Governments Development Foundation and the Northeast Council of Governments, Aberdeen, South Dakota, to capitalize a $1,650,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Beadle, Brown, Campbell, Day, Edmunds, Faulk, Hand, Marshall, McPherson, Potter, Spink, and Walworth Counties in South Dakota. This EDA investment also provides $165,000 to defray the cost of administering the RLF.
    - $1,500,000 to the CCD Business Development Corporation, Roseburg, Oregon, to capitalize a $1,410,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Coos, Curry, and Douglas Counties in Oregon. This EDA investment also provides $141,000 to defray the cost of administering the RLF.
    - $1,480,000 to the Portland Development Commission, Portland, Oregon, to capitalize a $1,350,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: The City of Portland, Oregon. This EDA investment also provides $130,000 to defray the cost of administering the RLF.
    - $1,122,000 to the Uintah Basin Economic Development District, Roosevelt, Utah, to capitalize a $1,020,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Daggett, Duchesne, and Uintah Counties in Utah. This EDA investment also provides $102,000 to defray the cost of administering the RLF.
    - $1,100,000 to the Greater Eastern Oregon Development Corporation, Pendleton, Oregon, to capitalize a $1,000,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Gilliam, Grant, Harney, Malheur, Morrow, Umatilla and Wheeler Counties in Oregon. This EDA investment also provides $100,000 to defray the cost of administering the RLF.
    - $1,100,000 to the Lane Council of Governments, Eugene, Oregon, to capitalize a $1,000,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Lane County, Oregon. This EDA investment also provides $100,000 to defray the cost of administering the RLF.
    - $1,100,000 to Impact Seven, Inc., Rice Lake, Wisconsin, to capitalize an RLF.
    - $1,100,000 to the Mississippi River Regional Planning Commission, La Crosse, Wisconsin, to capitalize an RLF.
    - $1,100,000 to the Northwest Regional Planning Commission, Spooner, Wisconsin, to capitalize an RLF.
    - $935,000 to the Northeast Oregon Economic Development District, Enterprise, Oregon, to capitalize a $850,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Baker, Union, and Wallowa Counties in Oregon. This EDA investment also provides $85,000 to defray the cost of administering the RLF.
    - $847,000 to the Mid-Columbia Economic Development District, The Dalles, Oregon, to capitalize a $770,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Hood River, Wasco, and Sherman Counties in Oregon, and Klickitat and Skamania Counties in Washington. This EDA investment also provides $77,000 to defray the cost of administering the RLF.
    - $825,000 to the Oregon Cascades West Council of Governments, Albany, Oregon, to capitalize a $750,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Linn and Lincoln Counties in Oregon. This EDA investment also provides $75,000 to defray the cost of administering the RLF.
    - $660,000 to the Southeastern Utah Economic Development District, Price, Utah, to capitalize a $600,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Carbon, Emery, Grand, and San Juan Counties in Utah. This EDA investment also provides $60,000 to defray the cost of administering the RLF.
    - $616,000 to the Southern Oregon Regional Economic Development, Inc., Medford, Oregon, to capitalize a $560,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Jackson and Josephine Counties in Oregon. This EDA investment also provides $56,000 to defray the cost of administering the RLF.
    - $550,000 to the Southwest Wisconsin Regional Planning Commission, Platteville, Wisconsin, to capitalize an RLF.
    - $550,000 to West Central Wisconsin Regional Planning Commission, Eau Claire, Wisconsin, to capitalize a $500,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix counties in Wisconsin. This EDA investment also provides $50,000 to defray the cost of administering the RLF.
    - $550,000 to the City of Orem, Utah, to capitalize a $500,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: City of Orem, Utah. This EDA investment also provides $50,000 to defray the cost of administering the RLF.
    - $550,000 to the Six county EDD, Richfield, Utah, to capitalize a $500,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Juab, Millard, Piute, Sanpete, Sevier, and Wayne Counties in Utah. This EDA investment also provides $50,000 to defray the cost of administering the RLF.
    - $550,000 to the Affiliated Tribes of Northwest Indians, Dallas, Oregon, to capitalize a $500,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Native American enterprises and entrepreneurs in all Indian areas of Oregon, Washington, and Idaho, along with members of ATNI member tribes in Alaska, California, Montana, and Nevada. This EDA investment also provides $50,000 to defray the cost of administering the RLF.
    - $550,000 to the South Central Oregon Economic Development District, Klamath Falls, Oregon, to capitalize a $500,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Klamath and Lake Counties in Oregon. This EDA investment also provides $50,000 to defray the cost of administering the RLF.
  - $49,215,831 in 28 COVID-19 Recovery and Resiliency Projects to the following grantees to capitalize Revolving Loan Funds:
- $5,392,237 in four Public Works projects, matched by $1,828,238 in local investments, as follows:
  - $1,500,000, matched by $375,000 in local investment, to the Port of South Louisiana, Laplace, Louisiana, to fund construction of roadway and drainage infrastructure to improve existing and future Port tenant sites within the maritime industrial park in St. John the Baptist County, Louisiana. The improvements will serve the Port of South Louisiana’s Globalplex Intermodal Terminal and will provide additional access to four parcels of land that will offer placement of up to five future tenants, which will create additional jobs, increase foreign trade, attract private investment, and strengthen the regional economy. The grantee estimates that this investment will help create 4 jobs and save 20 jobs.
  - $1,240,237, matched by $1,240,238 in local investment, to the City of Perry, Iowa, to support the city of Perry with making critical roadway infrastructure improvements to support the expansion of manufacturing businesses in Dallas County, Iowa, a designated Opportunity Zone. The project will relocate a watermain and a sanitary sewer, install storm sewer improvements, reconstruct a street, and add a sidewalk. Once completed, the project will increase road safety, promote manufacturing, support export development, and strengthen economic development throughout the region. The grantee estimates that this investment will help create 25 jobs, save 140 jobs, and leverage $2,872,444 in private investment.
  - $852,000, matched by $213,000 in local investment, to the City of Yuma/Yuma County, Arizona, to fund the construction of a sewer system to serve an industrial area in Yuma County, Arizona. The project will support commercial and industrial business enterprises by increasing the availability of functional facilities. Once completed, the project allows for the expansion of business operations, which will help to bolster higher paying jobs, attract private investment, and enhance economic growth throughout the region. The grantee estimates that this investment will help create 500 jobs and leverage $50,000,000 in private investment.
  - $1,800,000, with no local match, to the Spokane Tribe of Indians, Wellpinit, Washington, to support the Spokane Tribe of Indians with the critical need for modern infrastructure in Stevens County, Washington. The project will make critical roadway improvements needed to support business development in a designated Opportunity Zone. Once completed, the project will promote community resiliency, create jobs, and strengthen economic growth throughout the region. The grantee estimates that this investment will help create 200 jobs and leverage $12,800,000 in private investment.
- $150,000 in one Technical Assistance University Center project, matched by $150,000 in local investment, to support a five-year University Center (UC) program, which is a competitively-based partnership between EDA and academic institutions that makes the varied and vast resources of universities available to the economic development practitioner community.