December 13 - 17, 2021

EDA announced 66 investments from December 13-17, 2021, totaling $32,843,571, which is matched by $1,297,889 in local investments.  These investments include the following: (1) $1,328,391 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 773 jobs, save 1,980 jobs, and leverage $13,900,000 in private investment; (2) $30,000,000 in 60 Phase I American Rescue Plan Build Back Better Regional Challenge projects to assist communities nationwide in their efforts to build back better by accelerating the economic recovery from the coronavirus pandemic and building local economies that will be resilient to future economic shocks; (3) $675,180 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 150 jobs and leverage $75,000,000 in private investment; and (4) $840,000 in four Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.

• $1,328,391 in one Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Project, matched by $337,700 in local investment, as follows:
  • $1,328,391, matched by $337,710 in local investment, to the Brooklyn Alliance, Inc./Brooklyn Chamber of Commerce, Brooklyn/Kings County, New York, to support the establishment of the Small Business Recovery and Resilience program to provide technical assistance to businesses in Kings County, New York.  The project will provide long-term support by implementing workforce development strategies to help local businesses recover from the COVID-19 pandemic and sustain resilient growth.  Once completed, the project will benefit a nearby Opportunity Zone, support entrepreneurship, bolster job creation, save jobs, increase private investment, and strengthen the regional economy.  The grantees estimate that this investment will help create 773 jobs, save 1,980 jobs, and leverage $13,900,000 in private investment.
• $30,000,000 to 60 Finalists (at $500,000 each) for Phase I of the American Rescue Plan Build Back Better Regional Challenge, as follows:
  • Alameda County Waste Management Authority, California
  • Albuquerque Hispano Chamber of Commerce Foundation, New Mexico
  • CenterState Corporation for Economic Opportunity, New York
  • Central New Mexico Community College, New Mexico
  • Central Valley Community Foundation, California
  • City of Indianapolis, Indiana
  • City of Manchester, New Hampshire
  • City of Newark, New Jersey
  • City of Tucson, Arizona
  • Coalfield Development, West Virginia
  • County of Hawaii, Hawaii
  • Departamento de Desarrollo Económico y Comercio de Puerto Rico, Puerto Rico
  • Detroit Regional Partnership Foundation, Michigan
  • Empire State Development, New York
  • Four Bands Community Fund, North Dakota/South Dakota/Wyoming/Montana
  • Georgia Tech Research Corporations, Georgia
  • Greater New Orleans Development Foundation, Louisiana
  • Greater Phoenix Economic Council, Arizona
  • Greater St. Louis, Inc., Missouri
  • Hopi Utilities Corporation, Arizona
  • Howard County Economic Development Authority, Maryland
  • Indian Nations Council of Governments, Oklahoma
  • Innosphere Venture, Colorado
  • Invest Nebraska Corporation, Nebraska
  • Kentucky Education and Workforce Development Cabinet, Kentucky
  • Lamar State College-Port Arthur, Texas
  • Las Vegas Global Economic Alliance, Nevada
  • Los Angeles County Economic Development Corporation, California
  • Louisville Healthcare CEO Council, Kentucky
  • MAGNET: Manufacturing Advocacy and Growth Network, Ohio
  • mHUB, Illinois
  • Minneapolis Saint Paul Regional Economic Development Partnership, Minnesota
  • New Orleans BioInnovation Center, Louisiana
  • North Carolina Biotechnology Center, North Carolina
  • Northeastern University, Maine/Massachusetts/Rhode Island
  • Oklahoma City Economic Development Foundation, Oklahoma
  • Osceola County Board of County Commissioners, Florida
  • Pala Band of Mission Indians, California
  • Pennsylvania Wilds Center for Entrepreneurship, Inc., Pennsylvania
  • Piedmont Triad Regional Council, North Carolina
  • Port of Portland, Oregon
  • Southeast Conference, Alaska
  • Southeastern Connecticut Enterprise Region, Connecticut
  • Southwestern Pennsylvania New Economy Collaborative, Pennsylvania
  • Spruce Root, Alaska
  • Research Foundation for the State University of New York, New York
  • University of Alabama, Alabama
  • University of Southern Mississippi, Mississippi
  • University of Texas at El Paso, Texas
  • University of Arkansas for Medical Sciences, Arkansas
  • University of Maine System, Maine
  • University of Memphis, Tennessee
  • URI Research Foundation, Rhode Island
  • Utah Office of Energy Development, Utah
  • Virginia Biotechnology Research Partnership Authority, Virginia
  • Virginia Tech, Virginia
  • Washington Maritime Blue, Washington
  • West Virginia Department of Economic Development, West Virginia
  • Wichita State University, Kansas
  • Wisconsin Paper Council, Wisconsin
• $675,180 in one Public Works project, matched by $675,179 in local investment, as follows:
  • $675,180, matched by $675,179 in local investment, to the Massachusetts Development Finance Agency, Boston/Suffolk County (Project: Ayer/Middlesex County), Massachusetts, to support the construction of an industrial access road and stormwater infrastructure improvements to serve businesses located within the Devens Industrial Area and former Fort Devens Military Base in Ayer, MA, a regional job center that provides high wage job opportunities in advanced manufacturing and biotechnology, to the residents of the Montachusett Greater Lowell Region.  The redevelopment of the access road will promote future private investment and industry expansions, bolster job creation, and strengthen resiliency within the regional economy.  The grantee estimates that this investment will help create 150 jobs and leverage $75,000,000 in private investment.
• $840,000 in four Partnership Planning projects, matched by $285,000 in local investments, 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.