Grant

June 28 - July 3, 2019

  • EDA announced five investments from June 28-July 3, 2019, totaling $18,110,075, which is matched by $5,581,480 in local investments. These investments include the following: (1) $16,737,855 in three 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 $16,500,000 that will help create 203 jobs, save 84 jobs, and leverage $7,000,000 in private investment; and (2) $1,372,220 in two Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 190 jobs, save 72 jobs, and leverage $140,000,000 in private investment.
    • $16,737,855 in three Economic Adjustment Assistance projects as follows:
      • $16,000,000 in 2018 Disaster Supplemental funds, matched by $4,000,000 in local investment, to the Florida Keys Community College, Key West/Monroe County, Florida, to support the Florida Keys Community College with the construction of a new training facility in the Upper Keys to offer new workforce training programs and expand existing programmatic capabilities for local residents. The facility will provide the college an alternate location to serve as a headquarters for future disasters, which will provide economic stability, create jobs, and strengthen the local economy. The grantee estimates that this investment will help create 72 jobs, save 84 jobs, and leverage $7,000,000 in private investment.
      • $500,000 in Assistance to Coal Communities, matched by $500,000 in local investment, to the Northern Wyoming Community College District, Sheridan/Sheridan County, Wyoming, to support the Northern Wyoming Community College District of Sheridan with the purchase of science, technology, engineering and math (STEM) equipment needed to support workforce training initiatives at Gillette College. The training will help increase the enrollment of students in the following academic and technical programs: engineering; physics; biological sciences; chemistry; industrial electrical; diesel technology; machine tool and general tech. Each component of the academic program is designed with needed skills for an economy that is less reliant on the extraction of coal. The project will support the diversification of the area's economy and will provide a trained workforce to support advanced carbon research and pilot projects, which will help create an economic development roadmap to strengthen the regional economy. The grantee estimates that this investment will help create 131 jobs.
      • $237,855 in 2018 Disaster Supplemental funds, with no match, to the Hoopa Valley Tribe, Hoopa/Humboldt County, California, to fund the development of a land use plan and zoning policy for the mitigation of future natural disasters in Hoopa, California, on the Hoopa Valley Reservation. Once completed, the project will provide information identifying the disaster prone areas in Humboldt County to prevent the development of new infrastructure in these designated locations. Furthermore, the project will result in increased economic resilience to strengthen the regional economy and create more employment opportunities for the region’s workforce.
    • $1,372,220 in two Public Works projects as follows:
      • $872,220, matched by $581,480 in local investment, to the City of Cedar Springs, Cedar Springs/Kent County, Michigan, to fund the construction of roadways, water and wastewater infrastructure to establish the West Street Industrial Park in the City of Cedar Springs. The project will also create 55 acres of development-ready land to support business expansion for future growth opportunities. Completion of the project will attract private investments, create jobs and diversify the local economy. The grantee estimates that this investment will help create 80 jobs, save 72 jobs, and leverage $30,000,000 in private investment.
      • $500,000, matched by $500,000 in local investment, to Pike County, Troy/Pike County, Alabama, to fund the construction of new infrastructure to serve a lumber manufacturing facility in Troy, Alabama. The project includes structural improvements to the county road to improve its resiliency to heavy traffic from logging trucks, which will help strengthen and enhance the advanced manufacturing cluster, boost new commercial and industrial development, and create opportunities for job creation in the region. The grantee estimates that this investment will help create 110 jobs and leverage $110,000,000 in private investment.