Grant
September 2 - 6, 2013
- $1.5 million in 2012 Disaster Recovery Relief Opportunity funds to Union College, Barbourville, Kentucky, to support the renovation of an old hospital on the Union College campus for use as the Nursing and Health Sciences facility. The facility will be used to train a highly skilled workforce for the growing regional health care sector in the counties of Bell, Clay, Harlan, Jackson, Knox, Laurel, Rockcastle, and Whitley, which had been severely impacted by tornadoes and flooding in 2011. This investment will help diversify the regional economy and promote economic resiliency for future natural disasters. This investment is part of a $9,482,401 project that the grantee estimates will create 60 jobs and leverage $10 million in private investment.
- $1.5 million in Public Works funds to the Loudon Utilities Board, Loudon, Tennessee, to fund the construction of core electrical utility infrastructure for the Sugarlimb Industrial Park in Loudon County. Located in Tennessee’s Innovation Valley, the Park is in close proximity to research and development activities in materials science, nanotechnology, and carbon fiber which are producing technological advances and supporting the growth of ceramic manufacturing and foreign direct investment in the region. This investment is part of a $3.125 million project that the grantee estimates will create 178 jobs and leverage $70 million in private investment.
- $1,445,330 in Economic Adjustment funds to the Industrial Development Board of Blount County, Tennessee, to fund construction of core roadway infrastructure improvements to the industrial park in the City of Alcoa to accommodate the expansion of the area’s bioscience cluster in Pellissippi Place, the region’s research and development hub. This project supports the continued growth of the Tennessee Innovation Valley, a five county region that includes the University of Tennessee and the Oak Ridge National Laboratory, and other regional advanced technology and manufacturing companies. This investment is part of a $2,945,330 project that the grantee estimates will create 205 jobs and leverage $21 million in private investment.
- $663,098 in Economic Adjustment funds to the World Trade Center of Greater Philadelphia Inc., Philadelphia, Pennsylvania, to support the establishment of an international business mentoring program for advanced manufacturers in the Greater Philadelphia Area. The program will develop customized, sustainable strategies for manufacturers looking to export, and provide the tools and knowledge manufacturers need to increase their exports in the global marketplace. This export assistance will create opportunities in the energy, high-tech, nanotechnology, bio-tech, and life sciences industries. This investment is part of a $1,326,196 project.
- $500,000 in Economic Adjustment funds to the City of West Liberty, Kentucky, to fund the acquisition of property and the construction of parking and pedestrian walkways to facilitate access to the downtown business district in West Liberty. The City’s center was devastated by flooding in May 2011 with recovery efforts further hampered by an EF3 tornado in March 2012. The new parking areas and walkways will be built outside of the flood plain increasing disaster resiliency of businesses in the downtown area. This investment is part of a $650,000 project.