Grant

October 12 - 16, 2015

  • EDA announced 16 POWER investments greater than $100,000 during the period October 12-16, 2015 totaling $8,811,535.
  • $1.4 million in Economic Adjustment-POWER funds to San Juan College, Farmington, New Mexico, to fund the San Juan College of Energy in leading an initiative to increase economic diversification that will provide re-employment services to workers impacted by changing regional energy economy and partner with employers in expanding IT, healthcare, and energy sectors. This investment is part of a $1.932 million project.
  • $1,257,800 in Economic Adjustment-POWER funds to the Region 10 League for Economic Assistance and Planning, Montrose, Colorado, to fund the purchase of a 20-year Irrevocable Right of Use lease and installation of broadband infrastructure in the Region 10 service area, which comprises 6 counties and 22 rural municipalities in the West Central region of Colorado. The project will provide abundant, redundant, and affordable internet service to citizens, businesses, and government to promote business acceleration, economic diversification, resiliency, and growth in the region. This investment is part of a $2,531,073 project.
  • $1.2 million in Economic Adjustment-POWER funds to WestCare Kentucky, Inc., Ashcamp, Kentucky, to fund the renovation of a former school to create the Judy Patton Center for Families, a residential child care center and substance abuse treatment program for women. The facility will provide professional, licensed, evidence-based, gender-specific programs for women and ongoing workforce development services to clients across the Central Appalachian region. This investment is part of a $1,645,643 project that the grantee estimates will create 25 jobs and leverage $800,000 in private investment.
  • $1 million in in Economic Adjustment-POWER funds to the Kentucky Cabinet for Finance and Administration, Frankfort, Kentucky, to support an ecosystem of electronic commerce around tourism, agriculture, healthcare, and broadband for businesses and communities in Kentucky. The project will invest in local internet access centers and will provide e-commerce training and community fiber readiness consulting and support services to help coal-impacted communities prepare for the new information technology infrastructure. This project is part of a $1.25 million project.
  • $826,400 in Economic Adjustment-POWER funds to the Town of Union, West Virginia, to fund construction of a public water supply extension in the Town of Union. The improvements will increase water and sewer capacity, resulting in a more efficient system that will support the expansion of existing businesses, startup of new businesses, and will be a catalyst for business acceleration, promoting economic diversification, resiliency, and growth in the region. This investment is part of a $2.283 million project that the grantee estimates will create 70 jobs and save 402 jobs.
  • $600,000 in Economic Adjustment-POWER funds to the Coalfield Development Corporation, Wayne, West Virginia, to support the Coalfield Development Corporation’s Regional Economic Diversification Project. The primary objectives of this regional economic growth and diversification project include increased agricultural production on former surface mined sites and providing job training, mentorship, and business incubation services to entrepreneurs, innovators, and displaced coal industry employees. This investment is part of an $848,000 project.
  • $468,635 in Economic Adjustment-POWER funds to Kentucky Center for Agriculture and Rural Development, Elizabethtown, Kentucky, to support the Local Food Supply Chain Initiative to provide assistance to businesses in the 21-county region served by the Cumberland Valley Area Development District, the Kentucky River Area Development District, and the Big Sandy Area Development District. Working with public and private stakeholders, the initiative will offer technical assistance to agricultural producers to help their products reach the appropriate markets creating jobs and economic diversification in the region once dependent on the coal industry. This investment is part of a $731,465 project.
  • $327,300 in Economic Adjustment-POWER funds to the Northwest New Mexico Council of Governments, Gallup, New Mexico, to support Northwest New Mexico Council of Governments Economic Development District to direct and coordinate a study in Arizona, New Mexico, Utah, and Colorado. This study will assess current and future impacts of the coal industry in the San Juan Basin and the surrounding region to evaluate current and future assets and opportunities for and obstacles to regional economic diversification, and to produce a report summarizing recommendations for regional economic sustainability. This investment is part of a $409,125 project.
  • $300,000 in Economic Adjustment-POWER funds to International Economic Development Council, Washington, District of Columbia, to support the creation of the International Economic Development Council (IEDC) Institute for Coal Communities in Alabama, Kentucky, and Tennessee. The initiative is designed to assist distressed communities in their efforts to address local conditions that will support economic growth and resiliency through customized training, webinars, mentoring, and publications for coal-dependent regions. This investment is part of a $375,000 project.
  • $275,000 in Economic Adjustment-POWER funds to Friends of Southwest Virginia, Abingdon, Virginia, to support Southwest Virginia’s outdoor recreation and tourism cluster. The program will grow and diversify the region’s coal-impacted communities by promoting opportunities for tourism and entrepreneurs across the region. This investment is part of a $675,000 project.
  • $274,500 in Short-Term Planning-POWER funds to Big Sandy Area Development District, Prestonsburg, Kentucky, to fund the services of an economic recovery coordinator to assist communities in four Area Development Districts serving 23 counties in Eastern Kentucky. The coordinator will work with local officials and business leaders in the impacted areas to coordinate and facilitate resources necessary for long-term economic recovery and growth in the region impacted by the declining coal industry. This investment is part of a $343,125 project.
  • $250,000 in Short-Term Planning-POWER funds to Technology 2020, Oak Ridge, Tennessee, to support Tech 2020’s capacity to provide entrepreneurial support through its Center for Entrepreneurial Growth program. The program will provide increased services to emerging and growth-stage entrepreneurs interested in launching businesses in the manufacturing industries. The project will help spur the region’s manufacturing clusters, promoting economic diversification, resiliency, and growth in the coal-dependent region. This investment is part of a $500,000 project.
  • $200,000 in Economic Adjustment-POWER funds to the Chicago Transit Authority, Chicago, Illinois, to fund a financial feasibility study for the Chicago Transit Authority to redevelop the former Midwest Generation Fisk Power Station as an expansion site for a new bus garage and maintenance facility. The completion of this study will result in a more efficient transportation system to support economic development and diversification of the regional economy. This investment is part of a $400,000 project.
  • $160,000 in Short-Term Planning-POWER funds to the Hopkins County Fiscal Court, Madisonville, Kentucky, to undertake a multi-phased integrated effort to clearly identify and assess the regional impact of the coal and power industries while developing a long-term economic diversification and growth plan that reduces the region's reliance on coal. This investment is part of a $200,000 project.
  • $147,900 in Short-Term Planning-POWER funds to the Navajo Nation, Window Rock, Arizona, to fund the development and implementation of a comprehensive economic development strategy for the region served by the Navajo Nation Indian Tribe in Apache County, Arizona. The strategy analyzes workforce skills, develops business growth and retention strategies and offer recommendations to support diversification efforts in a coal impacted region to help facilitate its economic transformation. This investment is part of a $147,900 project.
  • $124,000 in Short-Term Planning-POWER funds to the Lewis County Economic Development Council, Chehalis, Washington, to support the development and implementation of a comprehensive economic development strategy (CEDS) for Lewis County, Washington. The CEDS process will bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy, which has been severely impacted by the decline in the coal industry. This investment is part of a $155,000 project.