Grant

September 21 - 25, 2020

EDA announced 15 investments from September 21-25, 2020, totaling $26,396,793, which is matched by $4,230,909 in local investments. These investments include the following: (1) $10,719,131 in two Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Projects to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic; (2) $11,512,432 in eight 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 three projects for $7,283,790 that will help create 611 jobs, save 18 jobs; and leverage $259,000,000 in private investments; (3) $3,719,230 in two Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 230 jobs, save 87 jobs, and leverage $32,200,000 in private investments; and (4) $446,000 in three Technical Assistance University Center projects to make the varied and vast resources of universities available to the economic development practitioner community.
- $10,719,131 in two Economic Adjustment Assistance-COVID- 19 Recovery and Resiliency Projects, as follows:
  - $10,340,000 in one COVID-19 Recovery and Resiliency Project to the following grantee to capitalize a Revolving Loan Fund:
    - $10,340,000 to the West Virginia Economic Development Authority, Charleston/ Kanawha County, West Virginia, to capitalize a $9,400,000 Revolving Loan Fund (RLF) to lend to borrowers in West Virginia. This EDA investment also provides $940,000 to defray the cost of administering the RLF.
  - $379,131 in one COVID-19 Recovery and Resiliency Economic Adjustment Assistance Project, as follows:
    - $379,131 to the Strafford Regional Planning Commission, Rochester/Strafford County, New Hampshire, to fund additional staff and technology to mitigate the disastrous effects of the coronavirus pandemic in Rochester, New Hampshire. The project will increase the Commission’s capacity to provide COVID-19 disaster recovery planning and coordination, technical assistance, and community capacity building.
- $11,512,432 in eight Economic Adjustment Assistance projects, matched by $2,935,054 in local investments, as follows:
  - $4,054,400 in 2018 Disaster Supplemental funding, matched by $1,013,600 in local investment, to the City of Stevenson, Stevenson/Skamania County, Washington, to fund improvements to a wastewater collection system infrastructure that provides services to industrial customers in Skamania County, Washington, a designated Opportunity Zone. The project will upgrade the wastewater collection system and provide a load and flow control through the sewer system, which will allow sound management of wastewater to commercial and industrial customers. Once completed, the project will help the region quickly restore power to commercial and industrial customers after disastrous flooding events, create jobs, attract private investment, and spur economic resiliency throughout the region. The grantee estimates that this investment will help create 371 jobs, save 8 jobs, and leverage $2,000,000 in private investment
  - $3,520,000 in 2019 Disaster Supplemental funding, matched by $880,000 in local investment, to the Town of Bristol, Bristol/Grafton County, New Hampshire, to support the Town of Bristol with improving its downtown sewer pumping station in Grafton County, New Hampshire. The project will construct 5,000 linear feet of 10’ gravity sewer line, construct stormwater management improvements along 5,500 linear feet flood-prone roadway, improve culvert crossings to reduce flooding, and conduct preliminary engineering for roadway, stormwater management and pedestrian improvements in the downtown commercial area. Once completed, the project will support long term recovery efforts by mitigating the effects of future flooding events, promote resiliency, and strengthen the regional economy.
  - $2,497,310 in 2019 Disaster Supplemental funding, matched by $624,326 in local investment, to Stillwater County, Columbus/Stillwater County, Montana, to support Stillwater County in addressing the local and regional need for improved and resilient infrastructure by repairing and rehabilitating several vital roads that were damaged as a result of high-water events in 2019. These improvements will enhance major transportation corridors for the county and provide safe and reliable roadways for daily commuting by employees essential to the regional economy. The improvements will also benefit the tourism economy of the area by allowing access to major recreational opportunities, which will assist the region with diversifying its economy, bolstering job creation, attracting private investment, and advancing economic resiliency throughout the region. The grantee estimates that this investment will help create 200 jobs and leverage $250,000,000 in private investment.
  - $732,080 in Assistance to Coal Communities, matched by $183,020 in local investment, to the City of Vincennes, Vincennes/Knox County, Indiana, to support the City of Vincennes with renovating the historic Pantheon Theatre for reuse into a shared coworking, training, and meeting space that will support entrepreneurs and small business growth in Knox County, Indiana, a designated Opportunity Zones. The project will meet the significant demand for business development services from existing business owners, aspiring entrepreneurs, freelancers, and independent economy workers, and serve as a cornerstone for region-wide ecosystem building efforts. Once completed, the project will help promote new business creations, create new job opportunities, attract private investment, and advance economic resiliency to an area that has been impacted by the decline in the coal industry. The grantee estimates that this investment will help create 40 jobs, save 10 jobs, and leverage $7,000,000 in private investment.
  - $377,120 in 2019 Disaster Supplemental funding, matched by $94,280 in local investment, to the South Saint Joseph Industrial Sewer District, Saint Joseph/Buchanan County, Missouri, to support the South Saint Joseph Industrial Sewer District with sewer infrastructure improvements to mitigate the disastrous effects of spring flooding in 2019 in Buchanan County, Missouri. This project will repair a sluice gate, replace two flapper gates, repair concrete linings in wet wells, reinforce existing lines, and rehabilitate gate well structures to eliminate dependence on a temporary pump station that maintains wastewater treatment services to 16 industries. Once completed, the project will increase resiliency, benefit a nearby Opportunity Zone, and strengthen the regional economy.
  - $127,622 in 2019 Disaster Supplemental funding, matched by $31,906 in local investment, to Webster County, Marshall/Webster County, Missouri, to support Wester County with conducting a feasibility study to examine options for the Highway A interchange, which will assist in long-term disaster recovery efforts in Webster County, Missouri. The project will create a Preliminary Environmental Linkages study to identify designs for anticipated interchange construction for Highway A, a major detour route during flooding and emergencies. Once completed, the project will increase resiliency, help mitigate the effects of future natural disasters, improve access to commercial development, and strengthen transportation flow throughout the region.
  - $120,000, matched by $107,922 in local investment, to the City of Saint Paul, Saint Paul/Aleutians West County, Alaska, to support the City of Saint Paul with conducting a feasibility study to help identify critical improvements needed for the Saint Paul Harbor in Aleutians West County, Alaska, a designated Opportunity Zone. In addition, the study will help address decades of job losses and population decline by creating a business plan, which will assist with diversifying the local economy, bolstering job creation, attracting private investment, and promoting economic growth and resiliency throughout the region.
  - $83,900 to the Dry Creek Rancheria Band of Pomo Indians, Geyserville/Sonoma County, California, to support the Dry Creek Rancheria Band of Pomo Indians with hiring a consultant to conduct a feasibility study to determine the best use of a 20-acre tract of fee land the Tribe purchased in 2019 in Cloverdale, California. The study will help the Tribe identify the most effective development projects to meet the current market demands and support the economic growth of existing opportunities. Once completed, the study will help diversify the local economy, support business development, create new jobs, and promote economic resiliency throughout the region.
- $3,719,230 in two Public Works projects, matched by $849,855 in local investments, as follows:
  - $3,161,976, matched by $214,789 in local investment, to the Red Lake Band of Chippewa Indians, Red Lake/Beltrami County, Minnesota, to support construction of a facility to fill the critical need for entrepreneurship and small business support in Beltrami County, Minnesota, a designated Opportunity Zone. The project will renovate existing office space to create the tribe’s Adaawe Wigamig Business Incubation Center by installing a new roof, mechanical ventilation, new finishes and fixtures, a parking lot, and street lights to establish art makerspace as well as space for small business ventures, training, and multi-purpose gatherings. Once completed, the project will promote innovation, build community resiliency, support economic diversification, and strengthen employment opportunities throughout the region. The grantee estimates that this investment will help create 217 jobs, save 87 jobs, and leverage $7,200,000 in private investment.
  - $557,254, matched by $635,066 in local investment, to the Town of Erwin Industrial Development Agency, Painted Post/Steuben County, New York, to support installation of a new groundwater supply well to fill the critical need for increased water capacity in Steuben County, New York. The project will install a new groundwater supply well, wellhouse, chlorine contact piping, and appurtenances, which will provide high water quality to advanced manufacturing industrial users in the area. Once completed, the project will promote manufacturing, support export development, enhance public safety, and strengthen the regional economy. The grantee estimates that this investment will help create 13 jobs and leverage $25,000,000 in private investment.
- $446,000 in three Technical Assistance University Center projects, matched by $446,000 in local investments, to support a five-year University Center (UC) program, which is a competitively-based partnership between EDA and academic institutions that makes the varied and vast resources of universities available to the economic development practitioner community.