Grant

May 24 - 30, 2019

EDA announced two Economic Adjustment Assistance investments from May 24-30, 2019, totaling $1,330,000, which is matched by $345,500 in local investments. These investments will 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 that will help create 61 jobs, save 39 jobs, and leverage $2,600,000 in private investment.
- $1,330,000 in two Economic Adjustment Assistance projects as follows:
  - $880,000 in 2018 Disaster Supplemental funding, matched by $220,000 in local investment, to the Superior California Economic Development District, Redding/Shasta County, California, to fund a revolving loan fund and technical assistance to help businesses become more resilient to natural disasters in the California counties of Shasta, Trinity, Modoc, and Siskiyou. The fund will establish or expand operations in order to meet an increased demand for products or services that support recovery from the impact of the disasters. The investment will provide economic stability, create jobs, and strengthen the local economy. The grantee estimates that this investment will help create 35 jobs, save 35 jobs, and leverage $1,000,000 in private investment.
  - $450,000, matched by $125,500 in local investment, to the Friends of Chennault Aviation and Military Museum, Monroe/Quachita County, Louisiana, to fund construction of an outdoor pavilion and additional infrastructure to display restored military aircraft from World War II to the Vietnam War at the Chennault Aviation and Military Museum in a designated Opportunity Zone in Monroe, Louisiana. Explanatory, interpretive information will be included in the exhibit along with ADA accessible seating to attract community activities. Once completed, this project will provide educational, tourism, and economic benefits to the region, which will create jobs and provide long-term stability. The grantee estimates that this investment will help create 26 jobs, save 4 jobs, and leverage $1,600,000 in private investment.