Grant

May 31-June 6, 2019

EDA announced 19 investments from May 31-June 6, 2019, totaling $15,257,745, which is matched by $19,090,157 in local investments. These investments include the following: (1) $3,561,000 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 one project for $2,880,000 that will help create 65 jobs and leverage $25,000,000 in private investment; (2) $10,634,370 in four Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 1,242 jobs, save 280 jobs, and leverage $111,720,000 in private investment; and (3) $1,062,375 in 12 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
- $3,561,000 in three Economic Adjustment Assistance projects as follows:
  - $2,2880,000 in 2018 Disaster Supplemental funds, matched by $724,052 in local investment, to the City of Thomasville, Thomasville/Clarke County, Alabama, to fund the construction of critical infrastructure needed for the Thomasville Regional Medical Center (TRMC) in Clarke County. The TRMC will provide local emergency care and hospital services to industrial employees, which will help contribute to business continuity and preparedness by providing a modern emergency care facility. This investment will promote job growth and attract private investments to support the region’s efforts to diversify its economy. The grantee estimates that this investment will help create 65 jobs and leverage $25,000,000 in private investment.
  - $473,000 in 2018 Disaster Supplemental funds, matched by $119,000 in local investment, to the City of Walhalla, Walhalla/Oconee County, South Carolina, to fund water infrastructure upgrades to include a waterline interconnection between the City of Walhalla and the City of Westminster in South Carolina. The improvements will ensure adequate pressures and flowrates to the Oconee Industry and Technology Park, which will increase resiliency in times of natural disasters. Completion of the project will assist with sustainability in the region and strengthen the local economy.
  - $208,000, matched by $52,000 in local investment, to the County of Greenwood, Greenwood/Greenwood County, South Carolina, to fund a feasibility study to determine the best infrastructure needed to serve the Greenwood East Rail Park in a designated Opportunity Zone in Greenwood. The project will support local industrial and commercial customers by establishing the tools needed to improve business opportunities in the area, which will help strengthen and diversify the regional economy.
- $10,634,370 in four Public Works project as follows:
  - $3,126,750, matched by $3,126,750 in local investment, to the Town of Ludlow, Ludlow/Hampden County, Massachusetts, to support critical infrastructure improvements to Riverside Drive at the Ludlow Mills in a designated Opportunity Zone in Ludlow. The improvements include roadway surface upgrades and water and sewer lines expansions, which will enable companies to expand their existing businesses. Completion of the project will support job creation and leverage private investment in the region. The grantee estimates that this investment will help create 958 jobs and leverage $90,620,000 million in private investment.
  - $3,051,900, matched by $5,667,815 in local investment, to the Rapid City Economic Development Foundation, Rapid City/Pennington County, South Dakota, to fund the construction of a new incubator facility to promote the formation of sustainable manufacturing and technology-based businesses in a designated Opportunity Zone in Rapid City. The completion of the project will support new innovations in science, technology and engineering industries and business expansion that will help create new jobs for the region’s workforce. The grantee estimates that this investment will help create 106 jobs and leverage $1,000,000 in private investment.
  - $3,000,000, matched by $7,714,285 in private investment, to the Fremont County Community College District B, Riverton/Fremont County, Wyoming, to support the construction of a training facility to help the Central Wyoming Community College address agricultural training needs through an Agriculture and Animal Science Complex in a designated Opportunity Zone in Freemont County. The completion of the project will help the agriculture sector to grow, which will create jobs and diversify the region’s workforce. The grantee estimates that this investment will help create 107 jobs.
  - $1,455,720, matched by $623,880 in local investment, to the City of Beaverton, Beaverton/Gladwin County, Michigan, to fund the Beaverton Industrial Park Upgrade and Iron Removal Project to expand the roadways, water and wastewater infrastructure in an industrial park in a designated Opportunity Zone in Beaverton, Michigan. The improvements will enhance the marketability of the park and its assets by enabling existing industrial businesses to expand while attracting new industrial development to the area, which will strengthen the local economy, support private capital investment and create jobs throughout the region. The grantee estimates that this investment will help create 71 jobs, save 280 jobs, and leverage $20,100,000 in private investment.
- $1,062,375 in 12 Partnership Planning projects, matched by $1,062,375 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.