Grant

September 7 - 11, 2020

  • EDA announced 40 investments from September 7-11, 2020, totaling $66,402,675, which is matched by $6,933,175 in local investments. These investments include the following: (1) $55,432,400 in 23 Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Projects to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic; (2) $3,379,458 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 $2,935,359 that will help create 57 jobs, save 88 jobs; and leverage $650,000,000 in private investments; (3) $5,962,000 in three Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 429 jobs, save 60 jobs, and leverage $75,500,000 in private investments; (4) $256,663 in two Technical Assistance University Center projects to make the varied and vast resources of universities available to the economic development practitioner community; (5) $47,154 in one Local Technical Assistance project to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs; and (6) $1,325,000 in eight Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $55,432,400 in 23 Economic Adjustment Assistance-COVID- 19 Recovery and Resiliency Projects, matched by $272,063 in local investments, as follows:
      • $54,619,534 in 19 COVID-19 Recovery and Resiliency Projects to the following grantees to capitalize Revolving Loan Funds:
        • $10,505,067 to the Chautauqua County Industrial Dev. Authority, Jamestown, NY
        • $8,755,500 to the Albany Business Development Corporation, Albany, NY
        • $7,227,000 to the Long Island Development Corporation, Hauppauge, NY
        • $5,415,694 to the Erie County Industrial Development Authority, Buffalo, NY
        • $3,630,000 to the Black Hawk Economic Development Inc., Waterloo, IA
        • $3,234,000 to the Lake Champlain-Lake George RPB, Lake George, NY
        • $3,014,000 to the Mohawk Valley EDD, Mohawk, NY
        • $1,617,000 to the Lake Agassiz Regional Council, Fargo, ND
        • $1,529,000 to the Grand Forks Growth Fund-Jobs Dev Authority, Grand Forks, ND
        • $1,408,000 to the Souris Basin Planning Council, Minot, ND
        • $1,255,273 to the North Central Planning Council, Devils Lake ND
        • $1,254,000 to the Central NY Regional Planning Development Board, Syracuse, NY
        • $1,386,000 to the Red River Regional Council, Grafton, ND
        • $1,133,000 to the Lewis & Clark Regional Development Council, Mandan, ND
        • $759,000 to the Greater Jamaica Development Corporation, Jamaica, NY
        • $737,000 to the Niagara County Industrial Development Authority, Sanborn, NY
        • $660,000 to the Southern Tier Enterprise Dev Organization, Salamanca, NY
        • $550,000 to the Door County Economic Development Corporation, Sturgeon Bay, NY
        • $550,000 to the Regional Economic Development Energy Corp., Painted Point, NY
      • $213,250 in two COVID-19 Recovery and Resiliency Economic Adjustment Assistance Projects, matched by $272,063 in local investments, as follows:
        • $145,000, matched by $255,000 in local investment, to the Enterprise Center Community Development Corporation, Philadelphia/Philadelphia County, Pennsylvania, to support the Enterprise Center Community Development Corporation with conducting a four phased strategic study to analyze the current economic, physical, and demographic conditions of the 52nd Street Commercial Corridor in West Philadelphia, Pennsylvania. The study will develop a revitalization strategy for the corridor, which traverses through three designated Opportunity Zones. The EDA investment will alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, provide permanent resources to support economic resiliency, and further the long-term economic adjustment objectives of the region served by this EDA investment.
        • $68,250, matched by $17,063 in local investment, to the West Michigan Shoreline Regional Development Commission, Muskegon/Muskegon County, Michigan, to support the West Michigan Shoreline Regional Planning Commission and Grand Valley State University's Innovation Hub with conducting a study to analyze the entrepreneurial support needs in Muskegon and West Michigan, including business start-up, business acceleration, and potential sectors for new growth. The analysis will gather specific information regarding the needs of entrepreneurial and small business communities within the study area, catalog services currently available to those communities, and provide successful examples of other entrepreneurial and small business support programs and practices for consideration. The EDA investment will alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, provide permanent resources to support economic resiliency, and further the long-term economic adjustment objectives of the region served by this EDA investment.
      • $599,616 in two COVID-19 Recovery and Resiliency Projects to the following Technical Assistance University Center grantees to provide supplemental financial assistance to help them respond to the unusual and compelling urgency of the coronavirus pandemic:
        • $300,000 to the Iowa State University of Science and Technology, Ames, IA
        • $299,616 to the University of Montana, Missoula, MT
    • $3,379,458 in three Economic Adjustment Assistance projects, matched by $1,478,690 in local investments, as follows:
      • $2,288,800 in 2019 Disaster Supplemental funding, matched by $572,200 in local investment, to the City of Maquoketa, Maquoketa/Jackson County, Iowa, to fund critical stormwater infrastructure improvements for the City of Maquoketa in Jackson County, Iowa, a designated Opportunity Zone. The project will help with recovery efforts from the 2019 floods by constructing a new stormwater pumping station to create a more resilient flood control system and protect the City’s industrial and commercial areas. Once completed, the protect will help to mitigate the effects of future flooding events, promote resiliency, and strengthen the regional economy. The grantee estimates that this investment will help create 7 jobs and save 88 jobs.
      • $646,559 in Assistance to Coal Communities, matched by $646,559 in local investment, to the Town of Somerset, Somerset/Bristol County, Massachusetts, to support the Town of Somerset with improving its current wastewater treatment plant and providing increased sewer capacity to meet future economic development demands in Bristol County, Massachusetts, a designated Opportunity Zone. The project will help address the town’s infiltration and inflow problem specific to the municipal water distribution and sewer collection system and allow the town to meet new and future business and industry development demands. Once completed, the project will create new job opportunities and attract private investment to an area that has been impacted by the decline in the coal industry. The grantee estimates that this investment will help create 50 jobs and leverage $650,000,000 in private investment.
      • $444,099, matched by $259,931 in local investment, to the Maine Space Grant Consortium, Augusta/Kennebec County, Maine, to support the Maine Space Grant Consortium with developing a strategic plan for the Maine SpacePort Complex, which will develop, manufacture and launch nanosatellites into polar orbit. The complex will include an Innovation Hub with research, development and manufacturing facilities, and launch facilities in designated Opportunity Zones. Once completed, the study will provide a plan for future implementation, which will increase job opportunities and strengthen the regional economy.
    • $5,962,000 in three Public Works projects, matched by $4,549,000 in local investments, as follows:
      • $2,500,000, matched by $1,072,000 in local investment, to America’s Central Port District, Granite City/Madison County, Illinois, to support the America’s Central Port District, formerly known as Tri-City Regional Port District, with providing additional capacity for freight handling at the Port’s Madison Harbor facility in Madison County, Illinois, a designated Opportunity Zone. The project will help the Port construct two new agriculture product storage bins and a conveyor system, to increase its export capacity and enhance the economic development impact. Once completed, the project will help advance the manufacturing sector, promote export development, support resiliency, and strengthen the regional economy. The grantee estimates that this investment will help create 139 jobs, save 25 jobs, and leverage $3,500,000 in private investment.
      • $2,000,000, matched by $2,015,000 in local investment, to LICAR, LLC and the Clemson University Land Stewardship Foundation, Inc., Greenville/Greenville County, South Carolina, to fund construction of the Clemson University Land Stewardship Foundation’s Flex Lab One Building located on the Clemson University International Center for Automotive Research campus in Greenville County, South Carolina. The building will serve existing and start-up companies by providing space for university programs focused on growing the transportation/ mobility economic sector. Once completed, the project will create jobs, increase economic resiliency, attract private investment, and advance the manufacturing industry within the region. The grantees estimate that this investment will help create 40 jobs, save 35 job, and leverage $2,000,000 in local investment.
      • $1,462,000, matched by $1,462,000 in local investment, to the City of Hermiston, Hermiston/Umatilla County, Oregon, to fund critical infrastructure improvements including water, sewer, and roadways to open new industrial parcels for development of the South Hermiston Industrial Park, in the City of Hermiston, Oregon, located near a designated Opportunity Zone. The project will result in the creation of approximately 16 new small-acreage and light industrial parcels to assist with the development of two potentially new warehousing operations. Once completed, the project will create new job opportunities, attract private investment, and help diversify the regional the economy. The grantee estimates that this investment will help create 250 jobs and leverage $70,000,000 in private investment.
    • $256,663 in two Technical Assistance University Center projects, matched by $339,882 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.
    • $47,154 in one Local Technical Assistance project, matched by $11,790 in local investment, to support the National Association of Development Organization (NADO) Research Foundation’s annual workshop and training conference for the 47 Economic Development Districts (EDDs) located in the four-state region of Iowa, Kansas, Missouri and Nebraska. The training event will provide a setting for regional development professionals, local government officials and other key stakeholders involved with the EDDs to share best, promising and noteworthy practices; discuss emerging industry trends; tour notable development projects; and engage in peer networking and information exchanges. This investment will lead to the capitalization on new opportunities and creation of jobs throughout the four-state region.
    • $1,325,000 in eight Partnership Planning projects, matched by $281,750 in local investments, to support the development and implementation of the Comprehensive Economic Development Strategy (CEDS) process. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.