Grant

November 9 - 13, 2020

  • EDA announced two investments from November 9-13, 2020, totaling $3,500,000, which is matched by $750,000 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 470 jobs, saving 284 jobs, and leveraging $32,400,000 in private investments.
    • $3,500,000 in two Economic Adjustment Assistance-COVID- 19 Recovery and Resiliency Projects, matched by $750,000 in local investments, as follows:
      • $3,000,000, matched by $750,000 in local investment, to Sharp County, Ash Flat/Sharp County, Arkansas, to fund renovations to a 277,000 square foot manufacturing building to help boost county economic diversification and resiliency efforts within rural communities in Sharp County, Arkansas. The project will help the region with recovery efforts from the COVID-19 pandemic by creating higher paying jobs in the manufacturing industry, attracting private investment, and advancing economic resiliency throughout the region. The grantee estimates that this investment will help create 245 jobs and leverage $27,400,000 in private investment.
      • $500,000, with no match, to the Texas Economic Development Council, Austin/Travis County, Texas, to support the Texas Economic Development Council with conducting conferences (both live and on-line), workshops, webinars and day-long educational work sessions geared toward responding to the economic devastation brought about by the COVID-19 pandemic in Texas. The project will help local economic developers implement initiatives to assist their communities with recovery and resiliency efforts, which will bolster job creation, attract private investment and strengthen the regional economy. The grantee estimates that this investment will help create 225 jobs, save 284 jobs, and leverage $5,000,000 in private investment.