Grant

June 29-July 2, 2020

EDA announced 32 investments from June 29-July 2, 2020, totaling $23,034,091, which is matched by $1,000,000 in local investments. These investments include the following: (1) $22,034,091 in 31 COVID-19 Recovery and Resiliency Projects, and (2) $1,000,000 in one Accelerate R2 Network Challenge project.
- $22,034,091 in 31 COVID-Recovery and Resiliency Projects 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, as follows:
  - $5,409,091 in CARES Act Recovery Assistance to the Northwest Pennsylvania Regional Planning and Development Commission, Oil City/Venango County, Pennsylvania, to capitalize a $5,000,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Clarion, Crawford, Erie, Forest, Lawrence, Mercer, Venango, and Warren counties in Pennsylvania. This EDA investment also provides $409,091 to defray the cost of administering the RLF. The EDA investment will alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, provide permanent resources to support economic resiliency, and further the long-term economic adjustment objectives of the region served by this EDA investment.
  - $5,060,000 in CARES Act Recovery Assistance to the Mahoning Valley Economic Development Corporation, Youngstown/Trumbull County, Ohio, to capitalize a $4,600,000 Revolving Loan Fund (RLF) to lend to borrowers in the following geographic region: Mahoning and Trumbull counties in Ohio. This EDA investment also provides $460,000 to defray the cost of administering the RLF. The EDA investment will alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, provide permanent resources to support economic resiliency, and further the long-term economic adjustment objectives of the region served by this EDA investment.
  - $400,000 to the South Delta Planning & Development District, Greenville, Mississippi
  - $400,000 to the Androscoggin Valley Council of Governments, Auburn, Maine
  - $400,000 to the Kennebec Valley Council of Governments, Fairfield, Maine
  - $400,000 to the Northern Maine Development Commission, Caribou, Maine
  - $400,000 to the Southern Maine Planning and Development Commission, Saco, Maine
  - $400,000 to the Mid-East Commission, Washington, North Carolina
  - $400,000 to the Southern Tier Central Regional Planning and Development Board, Corning, New York
  - $400,000 to the Northern Vermont Economic Development District, Saint Albans, Vermont
  - $400,000 to the Memphis Area Association of Governments, Cordova, Tennessee
  - $400,000 to the Planning and Development District III, Yankton, South Dakota
  - $400,000 to the Greater Eastern Oregon Development Corporation, Pendleton, Oregon
  - $400,000 to the Capital District Regional Planning Commission, Albany, New York
  - $400,000 to the Central New York Regional Planning and Development Board, Syracuse, New York
  - $400,000 to the Southern Tier West Regional Planning & Development Board, Salamanca, New York
  - $400,000 to the North County Council, Littleton, New Hampshire
  - $400,000 to the Region II Council, Steubenville, Ohio
  - $400,000 to the Bel-O-Mar Regional Council, Wheeling, West Virginia
  - $400,000 to the Eastern Panhandle Regional Planning and Development Council, Martinsburg, West Virginia
  - $400,000 to the Region 8 Planning and Development Council, Petersburg, West Virginia
  - $400,000 to the Region VII Planning and Development Council, Buckhannon, West Virginia
  - $400,000 to the Region VI Planning and Development Council, Fairmont, West Virginia
  - $400,000 to the Region 4 Planning and Development Council, Summersville, West Virginia
  - $400,000 to the Regional Intergovernmental Council, South Charleston, West Virginia
  - $400,000 to the Region 2 Planning and Development Council, Huntington, West Virginia
  - $400,000 to the Region 1 Planning and Development Council, Princeton, West Virginia
  - $400,000 to the Southwestern Pennsylvania Corporation (Southwestern Pennsylvania Commission), Pittsburgh, Pennsylvania
  - $400,000 to the Lenowisco Planning District Commission, Duffield, Virginia
  - $365,000 to the Northern Neck Planning District Commission, Warsaw, Virginia
  - $400,000 to the Southside Planning District Commission, South Hill, Virginia
- $1,000,000 in one Accelerate R2 Network Challenge project ($750,000 from EDA and $250,000 from NIST and the FirstNet Authority), matched by $1,000,000 in local investment, to the Western Fire Chiefs Association, Inc., Wilsonville/Clackamas County, Oregon, to support the Accelerate R2 Network Challenge, an interagency program that connects stakeholders in the response and resilience (R2) industries, accelerating the speed at which startups and other organizations can bring innovations to the public safety market, create new businesses and jobs, and support community resilience. EDA, in collaboration with the National Institute of Standards and Technology (NIST) and the First Responder Network Authority (FirstNet), selected a public-private partnership to establish and operate the R2 Network, consisting of the following entrepreneurs, early stage investors, local government and public safety stakeholders: RapidSOS, ResponderCorp, Orleans Parish Communication District, and the Western Fire Chiefs Association. Together, along with the State of New Hampshire serving as a key strategic partner and collaborator, these partners will form a national, free-to-use, and self-sustaining platform that brings stakeholders together for a common goal: to support innovators and agencies in empowering first responders with the tools and technologies they need to stay safe and protect our communities. This challenge brings together expertise from across the Department of Commerce and stakeholders from outside the Federal Government. The R2 Network will be nation-wide in scope, with regional innovation clusters supported by government partners and local agencies to test and pilot resources needed to adopt new technology.