Grant

August 15 - 19, 2016

$1.4 million in Public Works funds to Endicott College and North Shore InnoVentures, Beverly, Massachusetts, to fund construction of an addition to the existing science center that will function as a bio-tech business incubator. The expansion will considerably enhance the economic development capacity and infrastructure in the region by creating opportunities in the life sciences for startups, students and faculty leading to job creation and private investment in the life sciences. This investment is part of a $4,939,440 project that the grantees estimate will create 335 jobs and leverage $201 million in private investment.
$1.3 million in Economic Adjustment assistance to the University of Houston, Texas, to establish a Community Innovation Center to house programs that will provide ongoing workforce training and entrepreneurship programming which will lead to stronger and more resilient communities within the region. Additionally, the Center will provide services to small minority businesses in the community surrounding region so that those small businesses can have a Business Continuity and Disaster Recovery Plan in place as preparation for the next disaster. This investment is part of a $1.625 million project.
$1.25 million in Public Works funds to the City of Riceboro, Georgia, to fund water infrastructure improvements that will require less processing and lessen the impact on environmentally sensitive areas in the region. The new improvements will provide water to meet the expansion needs of local businesses in the region. This investment is part of a $5.01 million project that the grantee estimates will create 250 jobs, save 500 jobs, and leverage $750,000 in private investment.
$1,000,400 in Public Works funds to the City of Mountain City, Tennessee, to fund wastewater system upgrades and installation of a pump station at the Welcome Center. The upgrades will modernize antiquated infrastructure making it more resilient to the impact of future natural disasters and prevent financial losses due to prolonged business disruption. This investment is part of a $1,250,500 project that the grantee estimates will create 80 jobs and leverage $120 million in private investment.
$1 million in Public Works funds to the City of Bristow, Oklahoma, to fund construction of a new runway parallel to the existing runway at Bristow Airport necessary to expand landing and takeoff capability. The new, expanded runway will eliminate current safety and Federal Aviation Administration compliance insufficiencies, and enhance the marketability of the region and its assets by enabling existing companies to expand while attracting new development. This investment is part of a $1,672,600 project that the grantee estimates will create 15 jobs, save 19 jobs, and leverage $2.5 million in private investment.
$400,000 in Economic Adjustment assistance to Quatere, Salt Lake City Utah, to support the Quatere Cohorts Innovation Centers Expansion Project which will implement Quatere’s entrepreneurial training program in five key counties throughout the state: San Juan, Iron, Cache, Tooele, and Utah. The training program guides innovators from idea conception through development and value creation. The project will meet the unique challenges of the region by connecting entrepreneurs and value creators in remote areas to Utah’s robust entrepreneurial ecosystem. This investment is part of an $863,080 project.
$390,120 in Economic Adjustment funds to the Town of Mars Hill, North Carolina, to fund construction of wastewater improvements which will allow the town’s treatment plant to accept and treat additional flow generated by the expansion of the university and local industrial businesses in the area. The improvements will allow manufacturers to meet their operational needs, create jobs, and also play a critical role in helping the region to transition from a service dependent economy to a more balanced, resilient economy. This investment is part of a $975,300 project that the grantee estimates will create 54 jobs, save 41 jobs, and leverage $35 million in private investment.
$175,000 in Economic Adjustment assistance to the South Carolina Council on Competitiveness, Columbia, South Carolina, to create a strategic plan that will identify, support, and grow the transportation, distribution and logistics cluster in South Carolina by engaging private sector executive leadership in the industry to determine immediate and mid-term growth in order to grow and attract business an`d create new jobs. This investment is part of a $350,000 project.