Grant

May 17 - 23, 2019

EDA announced 21 investments from May 17-23, 2019, totaling $12,971,351, which is matched by $6,736,429 in local investments. These investments include the following: (1) $9,874,351 in five 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 $2,424,551 that will help create 231 jobs and leverage $26,000,000 in private investment, (2) $1,500,000 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 15 jobs and leverage $5,200,000 in private investment; and (3) $1,597,000 in 15 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
- $9,874,351 in five Economic Adjustment Assistance projects as follows:
  - $4,764,800 in 2018 Disaster Supplemental funding, matched by $1,191,020 in local investment, to the Santa Fe College and the District Board of Trustees of Santa Fe College, Gainesville/Alachua County, Florida, to support the Santa Fe College Center for Innovation and Economic Development with the expansion of the Blount Center, a business incubator in a designated Opportunity Zone in Gainesville, Florida. The project will support the development and growth of new business sectors including IT, tech, and other knowledge-based industries in counties impacted by Hurricane Irma. Once completed, the investment will enhance economic development and job creation by providing space and support for startup businesses, which will strengthen the regional economy.
  - $2,500,000 in 2018 Disaster Supplemental funding, matched by $625,000 in local investment, to Independence County, Batesville/Independence County, Arizona, to fund the reconstruction of two Independence County bridges to support poultry processing and farming businesses transport produce in the area. Once completed, the project will allow local companies to expand its production facilities, which will strengthen the local economy, support private capital investment and create jobs throughout the region.
  - $1,464,551, matched by $1,464,552 in local investment, to Dakota State University, Madison/Minnehaha County, South Dakota, to support Dakota State University with the purchase of equipment for a high-speed research network system to support the processing, storage, separation, security and high volume transmission of data. Completion of the project will provide critical infrastructure for skills-training centers that address the hiring needs of the local business community in a designated Opportunity Zone, which will promote job growth and business expansion to support the region’s efforts to diversify its economy. The grantee estimates that this investment will help create 48 jobs.
  - $960,000 in 2018 Disaster Supplemental funding, matched by $240,000 in local investment, to the Town of Braselton, Braselton/Jackson County, Georgia, to fund sewer system improvements to support an electric automobile manufacturing facility specializing in the production of fleet vehicles in Braselton, Georgia. The project will help address the post-disaster needs of businesses that could be disrupted as a result of dependence on gasoline. Once completed, this investment will help maintain business continuity and attract future investment, increase long-term regional competitiveness and economic diversification. The grantee estimates that this investment will help create 183 jobs and leverage $26,000,000 in private investment.
  - $185,000, matched by $185,000 in local investment, to the South Carolina Council of Competitiveness, Columbia/Richland County, South Carolina, to support Phase II of a multi-state survey that focuses on policies and programs to help grow the transportation, distribution and logistics (TDL) cluster in South Carolina. The project includes conducting research to establish best practices for promoting workforce development in the region, which will lead to higher-skill, higher paying jobs and increased exports for local businesses.
- $1,500,000 in one Public Works project as follows:
  - $1,500,000, matched by $1,500,000 in local investment, to the City of Oshkosh, Oshkosh/Winnebago County, Wisconsin, to support critical infrastructure improvements to provide access to the City of Oshkosh’s Southwest Transmodal Industrial Park. The improvements will help maintain business continuity and attract future investment, which will support job creation and leverage private investment in the region. The grantee estimates that this investment will help create 15 jobs and leverage $5,200,000 in private investment.
- $1,597,000 in 15 Partnership Planning projects, matched by $1,530,857 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.