Grant

October 26 - 30, 2020

  • EDA announced four investments from October 26-30, 2020, totaling $8,236,246, which is matched by $4,238,108 in local investments. These investments include the following: (1) $1,000,000 in one Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Project to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic that will help create 500 jobs; and (2) $7,236,246 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 two projects for $5,412,432 that will help create 108 jobs and leverage $17,400,000 in private investments.
    • $1,000,000 in one Economic Adjustment Assistance-COVID- 19 Recovery and Resiliency Project, matched by $485,000 in local investment, to Oklahoma State University, Stillwater/Payne County, Oklahoma, to support Oklahoma State University with providing technical assistance to the manufacturing community to help improve their ability in responding to the adverse economic impacts caused by the COVID-19 pandemic in Payne County, Oklahoma. The project will address issues such as workforce, safety and shifting to new markets, which will help bolster job creation, advance the manufacturing industry, attract private investment, and create economic resiliency throughout the region. The grantee estimates that this investment will help create 500 jobs.
    • $7,236,246 in three Economic Adjustment Assistance projects, matched by $3,753,108 in local investments, as follows:
      • $3,200,000 in Nuclear Closure Communities funding, matched by $3,200,000 in local investment to the Town of Cortlandt, Cortlandt Manor/Westchester County, New York, to support the Town of Cortlandt with implementing the Quarry Park Infrastructure Improvement project, to construct the development of a 99-acre site in Westchester County, New York. Once completed, the project will support the development of two new companies and promote new business creations, generate new job opportunities, attract private investment, and advance economic resiliency to an area hit hard by the closure of a nuclear power plant. The grantee estimates that this investment will help create 58 jobs and leverage $17,000,000 in private investment.
      • $2,212,432, matched by $553,108 in local investment, to Forward Cody Wyoming, Inc., Cody/Park County, Wyoming, to support Forward Cody Wyoming, Inc. with the expansion of a facility in the North Cody Industrial Park, to serve local meat processors in Park County, Wyoming. The project will construct a 12,000 square foot facility for lease to a local meat processing company and install an asphalt perimeter around the building, two access roads, utilities, and two parking areas. Once completed, the project will benefit a nearby Opportunity Zone, promote manufacturing, advance resiliency, and strengthen the regional economy. The grantee estimates that this investment will help create 50 jobs and leverage $400,000 in private investment.
      • $1,823,814 in 2019 Disaster Supplemental funding, no local match, to the Town of Paradise, Paradise/Butte County, California, to support the Town of Paradise with developing a comprehensive Strategic Transportation Master Plan in Butte County, California. The project will help with recovery efforts from the 2018 Camp Fire, and address a wide variety of issues ranging between Camp Fire recovery needs, current and future travel demands, circulation, construction standards, alternative and active transportation planning, reviewing current/future policy needs, and identifying critical economic development opportunities. Once completed, the Strategic Transportation Master Plan will provide a prioritized project list including recommendations for policy changes and strategies for implementation funding, which will lay the groundwork for long-term economic vitality and advance economic resiliency throughout the region.