December 20 - 23, 2021

EDA announced three investments from December 20-23, 2021, totaling $3,574,116, which is matched by $210,000 in local investments.  These investments include the following: (1) $3,211,116 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 33 jobs and leverage $550,000 in private investment; and (2) $363,000 in two Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.

• $3,211,116 in one Public Works project, with no local match, as follows:
  • $3,211,116 to the Ute Mountain Ute Tribe, Towaoc/Montezuma County, Colorado, to support the Ute Mountain Ute Tribe's local and regional need for broadband infrastructure by constructing a middle mile fiber network to serve the business corridor within the city of Towaoc, a designated Opportunity Zone, and surrounding communities in Montezuma County, Colorado.  Once completed, the project will support the growth of existing businesses, enhance telemedicine opportunities, and increase educational opportunities, which will support workforce development, bolster job creation, attract private investment, and advance economic resiliency throughout the region.  The grantee estimates that this investment will help create 33 jobs and leverage $550,000 in private investment.
• $363,000 in two Partnership Planning projects, matched by $210,000 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.