Grant

December 11 - 14, 2017

  • $4,522,371 in three Public Works projects as follows:
    • $1,860,871 to the Moultrie Colquitt County Development Authority, Moultrie, Georgia, to fund construction of an incubator in the Citizens Business Park to serve new and existing small businesses in the area. The business incubator will enhance and strengthen the entrepreneurial ecosystem by providing affordable and quality office space for product development for growing businesses in the region. This investment will create jobs, enhance the marketability of the area and create economic development opportunities for the local community. The grantee estimates that this investment will create 60 jobs and leverage $2 million in private investment.
    • $1,661,500 to the Rhode Island Department of Environmental Management, Providence, Rhode Island, to support construction of critical infrastructure at the Port of Galilee in Narragansett. The investment will accelerate rehabilitation of critical port infrastructure in an effort to ensure continued economic success for the fishing industry, create jobs and spur economic development and investment in the region.
    • $1 million to Embry-Riddle Aeronautical University, Inc., Daytona Beach, Florida, to fund construction of the Applied Aviation and Engineering Research Hangar in the city of Daytona Beach. The project will construct a facility that will offer flexible lease spaces and serve as a hub for engineering and aviation research and development. The investment will help to create jobs, enhance the marketability of the area and spur economic development and investment in the region. The grantee estimates that this investment will help create 387 jobs and leverage $1.64 million in private investment.
  • $750,000 in one Economic Adjustment Assistance project as follows:
    • $750,000 to the Central Savannah River Area Regional Commission, Augusta, Georgia, to fund the Central Savannah River Area Regional Commission’s Revolving Loan Fund to provide capital for new business development and expansion of existing businesses. The investment will help launch businesses that will be emerging from the state of Georgia’s new cyber center and incubator that will create firms in related sectors. The investment will provide economic stability, create jobs, and strengthen the local economy.