Grant
April 14 - 19, 2022
EDA announced nine investments from April 14-19, 2022, totaling $8,809,885, which is matched by $4,877,749 in local investments. These investments include the following: (1) $1,804,475 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 14 jobs, save 12 jobs, and leverage $6,000,000 in private investment; (2) $3,750,000 in two American Rescue Plan Economic Adjustment Assistance projects to assist communities nationwide in their efforts to respond to and recover from the devastating impacts to the economy caused by the COVID-19 pandemic, which includes one project for $3,000,000 that will help create 92 jobs and save 54 jobs; (3) $2,429,910 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 260 jobs, save 61 jobs, and leverage $122,900,000 in private investment; (4) $42,500 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 (5) $783,000 in four Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
- $1,804,475 in one Economic Adjustment Assistance COVID-19 Recovery and Resilience Project, matched by $216,823 in local investment, as follows:
- $1,804,475, matched by $216,823 in local investment, to the City of John Day, John Day/Grant County, Oregon, to support the construction of community broadband enhancements to the City of John Day and Canyon City, and leases a coworking space for distance learners, small businesses, and disadvantaged residents in Oregon. The project will bring high-speed internet infrastructure to the community to aid in economic recovery by creating fiber optic access to critical community facilities. The lack of access to broadband during the coronavirus pandemic affected the community and the project will provide fast and reliable broadband for residents and businesses. Once completed, the bolster job creation, save jobs, increase private investment, and strengthen the regional economy. The grantee estimates that this investment will help create 14 jobs, save 12 jobs, and leverage 6,000,000 in private investment.
- $3,750,000 in two American Rescue Plan projects, matched by $3,500,730 in local investments, as follows:
- One Economic Adjustment Assistance Project for $3,000,000 to help communities nationwide plan, build, innovate, and put people back to work through infrastructure, technical assistance, planning, and revolving loan programs designed to meet their local needs.
- $3,000,000, matched by $3,250,000 in local investment, to the Shakespeare Center of Los Angeles, Inc., Los Angeles/Los Angeles County, California, to support renovating and equipping a warehouse used as an entertainment workforce training facility with soundstage to expand a paid workforce training program in Los Angeles, California. Renovations will result in a state-of-the-art workforce training space that provides additional height needed to provide real world training activities, a grid to provide hanging capacity, a lighting and AV system, fire alarm and sprinkler fire/life safety systems, appropriate exit pathways and variable room acoustics. A major industry cluster in Los Angeles County is the Creative Industries and the Center will provide training and job placement in a variety of entertainment industry positions with growth momentum. Once completed, the project will support economic conditions that will lead to the creation of more higher skill employment opportunities and higher paying jobs, which will advance economic resiliency and strengthen the regional economy. The grantee estimates that this investment will help create 92 jobs and save 54 jobs.
- One Travel, Tourism, and Outdoor Recreation Project for $750,000 to help accelerate the recovery of the travel, tourism and outdoor recreation industry and build back the communities that depend on the industry.
- $750,000, matched by $250,730 in local investment, to the City of Hogansville, Hogansville/Troup County, Georgia, to support the rehabilitation of the vacant Royal Theater so it can reopen for film, stage and community use in Troup County, Georgia. Hogansville has been significantly impacted by the coronavirus pandemic and the rehabilitation of the Royal Theater will help bring tenants and jobs to vacant downtown buildings and add employees to existing downtown businesses. These improvements will assist in the region's recovery and make it more resilient to fluctuations in tourism, which will help increase employment opportunities, save jobs, spur private investment, and advance economic resiliency throughout the region.
- One Economic Adjustment Assistance Project for $3,000,000 to help communities nationwide plan, build, innovate, and put people back to work through infrastructure, technical assistance, planning, and revolving loan programs designed to meet their local needs.
- $2,429,910 in one Public Works project, matched by $607,478 in local investment, as follows:
- $2,429,910, matched by $607,478 in local investment, to the City of Murrieta/Murrieta Partnerships, Inc., Murrieta/Riverside County, California, to support the renovation of the existing Murrieta Innovation Center (MIC) into a top-notch life science startup incubator that will be the premier business incubator and a driver for job creation in the Southwest Riverside County region of California. The facility will feature a wet lab, creative office space, a learning center, small business support services, and medical conference room. These improvements will strengthen the MIC’s role as a regional innovation hub that can bring entrepreneurs, start-ups, established companies, universities, students, consultants, and non-profits together with technology and resources to generate an environment that can serve as a catalyst for unprecedented regional economic growth. The grantees estimate that this investment will help create 260 jobs, save 61 jobs, and leverage $122,900,000 in private investment.
- $42,500 in one Local Technical Assistance project, matched by $42,500 as follows:
- $42,500, matched by $42,500 in local investment, to Oceana County, Hart/Oceana County, Michigan, to fund the Oceana County Workforce Development and Economic Diversity Study project. The project will help Oceana County prepare an economic workforce and diversification action plan by conducting a study to determine the viability of and demand for Oceana County based training programs; the viability of and demand for a physical Workforce Training Center in Oceana County; and the limitations to economic diversification in Oceana County. Once completed, the project will provide economic stability, create jobs, and strengthen the local economy.
- $783,000 in four Partnership Planning projects, matched by $510,218 in local investment, to support the development and implementation of a comprehensive economic development strategy (CEDS). 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.