Minnesota
| Program Category | # of Grants per state | Sum of EDA $ |
|---|---|---|
| Economic Adjustment Assistance | 2 | $212,858 |
| Planning | 6 | $1,209,997 |
| Public Works | 2 | $4,690,615 |
| Technical Assistance | 1 | $160,373 |
| Grand Total | 11 | $6,273,843 |
On January 30, 2018, Electrolux Corporation announced the closure of its freezer manufacturing plant, impacting over 900 workers in this community of 70,213 residents. As the City of St. Cloud’s second largest private employer, these lost jobs will impact every sector of the community, including housing, small businesses, education, and entertainment. In addition, the closure leaves a 45-acre site, containing a 900,000-square foot manufacturing facility and an adjacent 14,560-square foot training center vacant.
In FY 2018, EDA awarded $112,858 in Economic Adjustment Assistance funds to the City of St. Cloud to hire an economic recovery coordinator to complete an analysis of the economic needs of the City after the closure of the local manufacturing plant and facilitate the quick recovery from this massive loss.
It is expected that the project will retain 4,285 jobs, create 300 new jobs and leverage $60 million in private investment.