Grant

May 18 - 22, 2020

  • EDA announced 21 investments from May 18-22, 2020, totaling $9,741,545, which is matched by $6,811,480.93 in local investments. These investments include the following: (1) $3,410,495 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 investments totaling $3,062,000 that will help create 66 jobs, save 155 jobs, and leverage $5,055,000 in private investments; (2) $4,530,000 in two Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 582 jobs, save 1,050 jobs, and leverage $96,980,000 in private investment; (3) $1,379,950 in 12 Technical Assistance University Center projects to make the varied and vast resources of universities available to the economic development practitioner community; (4) $106,100 in one Local Technical Assistance project to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs; and (5) $315,000 in three Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $3,410,495 in three Economic Adjustment Assistance projects, matched by $308,400 in local investments, as follows:
      • $2,500,000 in 2019 Disaster Supplemental funds, with no local match, to the Citizen Potawatomi Nation, Shawnee/Pottawatomie County, Oklahoma, to support the Citizen of Potawatomi Nation with diversifying the regional economy by providing critical infrastructure for the Iron Horse Industrial Park in Pottawatomie County, a designated Opportunity Zone. The project will add two additional miles of rail within the Park to support recovery and rebuilding efforts following a natural disaster that significantly reduced revenue from the tribal enterprises. Once completed, the project will increase the tribes’ ability to weather economic downturns by bolstering economic diversification, enhancing global economic competitiveness, creating jobs, attracting private investment, and building resiliency against future disasters. The grantee estimates that this investment will help create 47 jobs and leverage $4,500,000 in private investment.
      • $562,000 in 2018 Disaster Supplemental funds, matched by $308,400 in local investment, to the Virgin Islands Professional Charter Association/Government of the U.S. Virgin Islands, Saint Thomas/Saint Thomas, Virgin Islands, to support the Virgin Islands Professional Charter Association with the installation of infrastructure needed to moor vessels on Saint Thomas, United States Virgin Islands, an area hit hard in 2017 by Hurricanes Irma and Maria. The project will install new transient moorings, repair damaged day moorings, and establish a mooring maintenance program, which will help protect reefs from vessel damage and organize an overcrowded bay. Once completed, the project will increase business resiliency, mitigate the effects of natural disasters, promote the tourism industry, and strengthen the regional economy. The grantees estimate that this investment will help create 19 jobs, save 155 jobs, and leverage $555,000 in private investment.
      • $348,495 in 2018 Disaster Supplemental funding, with no local match, to the City of Ellington, Ellington/Reynolds County, Missouri, to support the city of Ellington with conducting an initial hydrology study and analysis of Logan Creek to reduce flooding and provide the City with options, effects, recommended solutions, and a full engineering design to construct a water protection/diversion structure in Reynolds County. Once completed, the project will help create a more resilient business environment in the face of severe weather events and strengthen the regional economy.
    • $4,530,000 in two Public Works projects, matched by $5,011,700 in local investments, as follows:
      • $2,530,000, matched by $2,070,000 in local investment, to the St. Cloud Technical and Community College/Minnesota State Colleges and Universities, St. Cloud/Stearns County, Minnesota, to support the St. Cloud Technical & Community College with constructing a new advance manufacturing training lab in Stearns County. The project will expand capacity of the college’s manufacturing technology program by providing cutting-edge equipment and offering a flexible space to serve the region’s workforce training needs. Once completed, the project will help upskill the region’s workforce by providing a pipeline of skilled workers in high demand fields, which will bolster workforce development, create jobs, attract private investment, and strengthen the regional economy. The grantees estimate that this investment will help create 240 jobs, save 1,050 jobs, and leverage $37,700,000 in private investment.
      • $2,000,000, matched by $2,941,700 in local investment, to the Powdersville Water District, Easley/Anderson County, South Carolina, to fund improvements to a critical water system infrastructure in Anderson County, South Carolina. The project will provide a resilient water supply system to local businesses including an advanced manufacturing exporter of power tools. Once completed, the project will create jobs, increase economic resiliency, attract private investment, and promote the advancement of the manufacturing industry within the region. The grantee estimates that this investment will help create 342 jobs and leverage $59,280,000 in private investment.
    • $1,379,950 in 12 Technical Assistance University Center projects, matched by $1,333,880.93 in local investments, 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.
    • $106,100 in one Local Technical Assistance project, with no local match, to the International Economic Development Council (IEDC), Washington, District of Columbia, to support the IEDC with establishing the Through its RestoreYourEconomy.org platform, to provide technical assistance and knowledge sharing resources for communities that have been impacted by or are working to prepare for natural disasters and other economic disruptions. The program will help create a stable economic climate for business attraction and retention, as well as improving the well-being of the region’s citizens when faced with potential devastating disasters.
    • $315,000 in three Partnership Planning projects, matched by $157,500 in local investment, 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.