Grant

November 16 - 20, 2020

  • EDA announced two investments from November 16-20, 2020, totaling $4,281,922, which is matched by $1,070,480 in local investments. These two Economic Adjustment Assistance-COVID-19 Recovery and Resiliency projects will help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic creating 1,303 jobs and saving 60 jobs, as follows:
    • $2,400,000, matched by $600,000 in local investment, to the Louisiana Department of Economic Development, Baton Rouge/East Baton Rouge County, Louisiana, to support the Louisiana Department of Economic Development (LED) with establishing a program leveraged on partnerships and collaboration designed to restore and augment economic growth in Baton Rouge, Louisiana. The project will be instrumental in maintaining business support continuity, providing technical assistance to Louisiana businesses, augmenting LED’s business attraction and retention services and implementing longer term resiliency modifications throughout the region. Once completed, the project will help bolster job creation, attract private investment and strengthen the regional economy.
    • $1,881,922, matched by $470,480 in local investment, to Cox College and Cox Health, Springfield/Green County, Missouri, to fund the renovation and expansion of a simulation laboratory to train nursing students on critical equipment so they are better equipped to assist patients during and after the coronavirus pandemic. The training will address nursing workforce gaps exacerbated by the COVID-19 outbreak in the rural and economically distressed areas of southwest Missouri. Once completed, the project will help bolster job creation, attract private investment to designated Opportunity Zones and strengthen the regional economy. The grantees estimate that this investment will help create 1,303 jobs and save 60 jobs.