Grant

July 27 - 31, 2020

  • EDA announced 111 investments from July 27-31, 2020, totaling $157,167,603, which is matched by $8,616,351 in local investments. These investments include the following: (1) $14,650,000 in four 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 three investments for $14,500,000 that will help create 1,730 jobs, save 223 jobs, and leverage $221,400,000 in private investment; (2) $141,217,603 in 104 Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Projects to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic; (3) $850,000 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 250 jobs; and (4) $450,000 in two Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $14,650,000 in four Economic Adjustment Assistance projects, matched by $8,072,780 in local investments, as follows:
      • $7,000,000 in 2019 Disaster Supplemental funding, matched by $1,750,000 in local investment, to Powder River County, Broadus, Montana, to fund road and bridge improvements to East Powder River Road to fill the critical need for disaster recovery from the 2019 spring floods in Powder River County, Montana. The project will replace three bridges, replace two culverts with a simple span bridge, and improve 18 miles of roadway. Once completed, the project will mitigate the effects of future natural disasters, increase infrastructure resiliency, promote export development, and strengthen the regional economy. The grantee estimates that this investment will help save 48 jobs and leverage $6,900,000 in private investment.
      • $6,000,000 in 2019 Disaster Supplemental funding, matched by $4,722,780 in local investment, to the Town of Clayton and Johnson County, Clayton, North Carolina, to fund the construction of sewer improvements needed to assure local pharmaceutical companies meet current and future manufacturing needs in a designated Opportunity Zone in Johnston County, North Carolina. The project will help address hydraulic capacity issues with the existing transmission systems because of the heavy rainfall from Hurricanes Florence and Michael. Once completed, the project will help promote growth and economic development by increasing investment, employment, and resiliency throughout the region. The grantees estimate that this investment will help create 1,650 jobs and leverage $210,000,000 in private investment.
      • $1,500,000, matched by $1,500,000 to the Milwaukee Economic Development Corporation, Milwaukee, Wisconsin, to support the Milwaukee Economic Development Corporation (MEDC) with establishing a Revolving Loan Fund to bring capital to local business within and near designated Opportunity Zones in Milwaukee, Wisconsin. Once implemented, the project will provide access to affordable capital and financing options for new, existing, and expanding businesses and industries, which will encourage job creation and retention, economic diversification, and economic stability throughout the region. The grantee estimates that this investment will help create 80 jobs, save 175 jobs, and leverage $4,500,000 in private investment.
      • $150,000 in Assistance to Coal Communities funding, matched by $100,000 in local investment, to the Lenowisco Planning District Commission, Duffield, Virginia, to support the Lenowisco Planning District Commission with developing a plan for the Southwest Virginia Energy Park in Duffield, Virginia, to allow for the development of a new energy sector in the region. The project will help address the local and regional need for developing infrastructure to host companies interested in studying, perfecting, and commercializing innovative energy research. Once completed, the project will help support job retention, create new opportunities and attract private investments to an area that has been impacted by the decline in the coal industry.
    • $141,217,603 in 104 Economic Adjustment Assistance-COVID- 19 Recovery and Resiliency Projects, as follows:
      • $127,404,864 in 62 COVID-19 Recovery and Resiliency Projects to the following grantees to capitalize Revolving Loan Funds:
        • $11,000,000 to the Coastal Area District Development Authority, Brunswick, GA
        • $10,989,000 to the Los Angeles County Dev Authority, Alhambra, CA
        • $9,042,000 to the Catawba Regional COG, Greenwood, SC
        • $5,389,685 to the County of San Joaquin, CA
        • $5,093,000 to the Redwood Region ED Commission, Eureka, CA
        • $4,268,000 to the Arrowhead RDC, Duluth, MN
        • $4,015,000 to the Pacific Coast Regional Small Business Dev Corp, Los Angeles, CA
        • $3,597,000 to the PACE Finance Corporation, Los Angeles, CA
        • $3,630,000 to the Racine County ED Corporation, Sturtevant, WI
        • $3,465,000 to the Community Investment Corporation. Hamden, CT
        • $3,454,000 to the Headwaters RDC, Bemidji, MN
        • $3,443,000 to the Northwest RDC, Warren, MN
        • $2,926,000 to the City of Columbia, SC
        • $2,882,000 to the Milwaukee ED Corporation, Milwaukee, WI
        • $2,695,000 to the ED Collaborative-Ventura County, Camarillo, CA
        • $2,683,992 to the City of Long Beach, CA
        • $2,591,856 to the City of Los Angeles, CA
        • $2,211,000 to the Innovate Washington Foundation, Spokane, WA
        • $1,936,000 to the Southeastern CT Enterprise Region Corporation, Groton, CT
        • $1,892,000 to the Upper Minnesota Valley RDC, Appleton, MN
        • $1,782,000 to the City of San Diego, CA
        • $1,760,000 to the County of Monterey, Salinas, CA
        • $1,698,500 to the Tri-County EDD, Colville, WA
        • $1,682,000 to the Southwest RDC, Slayton, MN
        • $1,628,000 to the Southern MN Initiative Foundation, Owatonna, MN
        • $1,595,000 to the Region Five Development Corporation, Staples, MN
        • $1,540,000 to the Benton-Franklin Government Council, Richland, WA
        • $1,474,000 to the West Central Initiative Foundation, Fergus Falls, MN
        • $1,408,000 to 3CORE, Inc., Chico, CA
        • $1,309,000 to the Region Nine Development Corporation, Mankato, MN
        • $1,287,000 to the City of Tacoma, WA
        • $1,199,000 to the True Access Capital Corporation, Wilmington, DE
        • $1,155,000 to the Mississippi River RPC, La Crosse, WI
        • $1,122,000 to Impact Seven, Inc., Rice Lake, WI
        • $1,100,000 to the Superior California ED, Redding, CA
        • $1,100,000 to the Northwest RPC, Spooner, WI
        • $957,000 to the Mid-Minnesota Development Corporation, Wilmar, MN
        • $935,000 to the City of Charleston, SC
        • $913,000 to the City of Fresno, CA
        • $858,000 to the County of Riverside Business & Community Services, Riverside, CA
        • $836,000 to the Success Capital Expansion & Development Corp., Modesto, CA
        • $836,000 to the City of Atlanta, GA
        • $836,000 to the Upper Savannah COG, Greenwood, SC
        • $814,000 to the City of Berkeley, CA
        • $770,000 to the NDC Economic Development Lending, Inc., New York, NY
        • $671,000 to the City of Fairmont, MN
        • $616,000 to the Wilmington ED Corporation, Wilmington, DE
        • $616,000 to the Berkeley-Charleston-Dorchester COG, North Charleston, SC
        • $594,000 to the Cowlitz-Wahkiakum COG, Kelso, WA
        • $550,000 to the East Central RDC, Mora, MN
        • $550,000 to the California Capital FDC, Sacramento, CA
        • $550,000 to the Port of Bellingham, WA
        • $550,000 to the West Central WI RPC, Eau Claire, WI
        • $550,000 to the Southwestern WI RPC, Platteville, WI
        • $550,000 to the Fresno Community Development Financial Institution, Fresno, CA
        • $550,000 to the Economic Development & Financing Corp., Ukiah, CA
        • $550,000 to the City of Oakland, CA
        • $550,000 to the City and County of San Francisco, CA
        • $550,000 to the City of El Centro, CA
        • $550,000 to the Fresno Area Hispanic Foundation, Fresno, CA
        • $550,000 to the Southland Economic Development Corporation, Santa Ana, CA
        • $509,831 to the City of Eau Claire, WI
      • $5,750,000 in 15 COVID-19 Recovery and Resiliency Projects to the following Partnership Planning grantees to provide supplemental financial assistance to update economic development plans and fortify programs to assist communities in responding to the unusual and compelling urgency of the coronavirus pandemic:
        • $400,000 to the Southwestern Wisconsin RPC, WI
        • $400,000 to the West Central Wisconsin RPC, WI
        • $400,000 to the East Central Wisconsin RPC, WI
        • $400,000 to the North Central Wisconsin RPC, WI
        • $400,000 to the Northwest RPC, WI
        • $400,000 to the Bay-Lake RPC, WI
        • $400,000 to the Region Five Development Commission, MN
        • $400,000 to the Mid Minnesota Development Commission, MN
        • $400,000 to the Headwaters Regional Development Commission, MN
        • $400,000 to the Arrowhead Regional Development Commission, MN
        • $400,000 to the West Central Initiative, MN
        • $400,000 to the Region 9 Development Commission, MN
        • $400,000 to the East Central Regional Development Commission, WMN
        • $400,000 to the Upper Minnesota Valley Regional Development Commission, MN $150,000 to the Great Lakes Inter-Tribal Council, Inc., WI
      • $8,062,739 in 27 COVID-14 Recovery and Resiliency Projects to the following Technical Assistance University Center grantees to provide supplemental financial assistance to help them respond to the unusual and compelling urgency of the coronavirus pandemic:
        • $300,000 to Auburn University, AL
        • $300,000 to the Arkansas State University, AR
        • $300,000 to the University of Arkansas System, AR
        • $300,000 to Chico State Enterprises, CA
        • $300,000 to the University of Florida, FL
        • $300,000 to the University of Hawaii System, HI
        • $300,000 to Purdue University, IN
        • $300,000 to Kansas State University, KS
        • $300,000 to Southern University and A&M College, LA
        • $300,000 to the University of Louisiana at Lafayette, LA
        • $300,000 to Becker College, MA
        • $300,000 to the Regents of the University of Michigan, MI
        • $300,000 to the University of Missouri System, MO
        • $300,000 to the University of Nebraska, NE
        • $300,000 to the Nevada System of Higher Education, NV
        • $300,000 to the San Juan College, NM
        • $300,000 to the Research Foundation for the State University of New York, NY
        • $300,000 to Bowling Green State University, OH
        • $300,000 to the Southern Utah University, UT
        • $300,000 to the University of Washington, WA
        • $299,987 to the Florida A&M University, FL
        • $299,983 to the University of Oregon, OR
        • $299,939 to the Washington State University, WA
        • $299,740 to the University of WI System, WI
        • $299,712 to the Mississippi State University, MI
        • $298,378 to the South Dakota State University, SD
        • $265,000 to the University of Rochester, NY
    • $850,000 in one Public Works project, matched by $212,500 in local investment, as follows:
      • $850,000, matched by $212,500 to the City of Hooks, Texas, to support the city of Hooks with wastewater infrastructure improvements to meet the critical need for updates to the water treatment plant in Bowie County, Texas. Once completed, the project will capitalize on nearby industrial activity, which will advance manufacturing growth, generate jobs and revenue, spur business growth in a designated Opportunity Zone, and strengthen the regional economy. The grantee estimates that this investment will help create 250 jobs.
    • $450,000 in two Partnership Planning projects, matched by $331,071 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.