Grant

December 7 - 13, 2018

  • $3,483,315 in eight Economic Adjustment Assistance projects as follows:
    • $1,167,597 to the Herman J. Russell Center for Innovation and Entrepreneurship, Atlanta/Fulton County, Georgia, to amend an existing grant to support renovations of the former H.J. Russell and Company headquarters into a Leadership in Energy and Environmental Design (LEED) certified Herman J. Russell Center for Innovation and Entrepreneurship. The new facility will provide space for over 100 emerging entrepreneurial companies to support long-term disaster recovery efforts by adding economic resiliency to the City of Atlanta through increased economic diversification. In addition, the project will be a model of public/private partnership to create economic opportunity and inclusive innovation and catalyze transformation of the Atlanta Westside, a designated Promise Zone area.
    • $1,001,308 to the University of Alabama, Tuscaloosa/Tuscaloosa County, Alabama, to amend an existing grant to construct the University of Alabama Economic Development Resource Center. Once completed, the new facility will coordinate the overall economic development outreach services of the university and provide a comprehensive approach to serving the businesses, governments, and citizens of Alabama. In addition, the project supports the state’s automotive and aerospace industry clusters, and will be a catalyst for growing resilient jobs in the advanced manufacturing sector.
    • $350,000 to the Planning and Development District III and the Areawide Business Council, Yankton/Yankton County, South Dakota, to support the capitalization of a Revolving Loan Fund for gap financing within six Opportunity Zones of Areawide Business Council and Planning and Development District III's operating area, and one Opportunity Zone on the adjacent Rosebud Indian Reservation. The region is highly dependent on production agriculture and this gap financing tool will be used to help diversify the areas’ agriculture dependent economic base by expanding value added agricultural opportunities in processing businesses such as dried grain pellet distillers and enhancing tourism opportunities along the Missouri River, which will strengthen the regional economy, support private capital investment and create jobs.
    • $300,000 to the International Economic Development Council, Washington, DC, to amend an existing grant to fund an economic recovery support program to provide long-term recovery planning for communities in Florida, Georgia, and South Carolina impacted by Hurricanes Irma and Michael. The program will help create a stable economic climate for business attraction and retention, as well as improving the well-being of the region’s citizens when faced with potential devastating disasters.
    • $300,000 to the Triangle J Council of Governments and the Neuse River Council of Governments (dba Eastern Carolina Council), Durham/Durham County, North Carolina, to amend an existing grant to fund the hiring of a regional disaster recovery coordinator to identify potential resiliency, mitigation, and economic recovery from the flooding damages associated with Hurricanes Matthew and Florence. The recovery coordinator will help to create a stable economic climate for business attraction and retention, as well as improving the well-being of the region’s citizens when faced with potential devastating disasters.
    • $144,410 to the City of East Providence, East Providence/Providence County, Rhode Island, to support the improvement of traffic to and from the city’s Waterfront District, which is poised for significant commercial development. The project will assist East Providence with providing the most efficient access to the waterfront, which will attract private investment and provide a significant boost to the local economy by serving as a catalyst for long-term economic stability.
    • 120,000 to the SouthernCarolina Regional Development Alliance, Barnwell/Barnwell County, South Carolina, to support the SouthernCarolina Regional Development Alliance with hiring a full-time promise zone coordinator to serve all or parts of Allendale, Bamburg, Barnwell, Colleton, Hampton, and Jasper counties. The coordinator will work with community partners, leaders, and stakeholders to develop and implement the South Carolina Promise Zone strategic plan to improve economic conditions, which will strengthen the regional economy, support private capital investment and create jobs.
    • $100,000 to the Passamaquoddy Tribe at Indian Township, Princeton/Washington County, Maine, to fund a feasibility study to determine the economic impact of constructing a hydrogen-powered Business/Internet/Data Center on the Passamaquoddy reservation. Results of this study will identify the resources necessary for sustainable operations, including workforce development, capital, business management, legal services and administrative support, which will help diversify the regional economy.
  • $118,000 in two Technical Assistance projects as follows:
    • $65,000 to the County of Montgomery, Christiansburg/Montgomery County, Virginia, to fund the Comprehensive Industrial Site Selection Study for Montgomery County, Virginia. This feasibility study will identify the best location in the county for the next corporate park.
    • $53,000 to the Manufacturers Association of Maine, Portland/Cumberland County, Maine, to fund a plan for Business Retention and Expansion for Manufacturers in Maine, which establishes a statewide manufacturing-focused business retention and expansion program.