Grant
February 13 - 17, 2017
- $1.5 million in Public Works funds to St. Lucie County Board of County Commissioners, Fort Pierce, Florida, to fund construction of a new hanger and related road infrastructure at the Treasure Coast International Airport, which is located in an active Foreign Trade Zone. The new hanger and roadway improvements will allow expansion of existing businesses, strengthen and enhance diversification of the region’s aeronautical and transportation clusters, and serve as a catalyst for new industrial development and job creation in the region, which is still recovering from severe flooding from Hurricane Matthew in October 2016. This investment is part of a $5 million project that the grantee estimates will create 123 jobs and leverage $810,000 in private investment.
- $1,277,923 in Public Works funds to the City of Newton and Newton County Board of Supervisors, Newton, Mississippi, to fund critical infrastructure improvements to the Newton Industrial Park, including repair and extension of an existing rail spur and industrial road upgrades. The improvements will enhance the marketability of the region and its assets by enabling existing industrial businesses to expand while attracting new industrial development to the region. This investment is part of a $2,555,846 project that the grantees estimate will create 125 jobs and leverage $85 million in private investment.
- $1.2 million in Public Works funds to the Mexia Economic Development Corporation and the City of Mexia, Texas, to fund critical infrastructure improvements to support expansion of the Mexia Industrial Park. The improvements will allow development of shovel-ready building sites needed for the expansion of existing businesses and to attract new industrial development looking to locate in the park. This investment is part of a $2.7 million project that the grantees estimate will save 120 jobs.
- $750,000 in Economic Adjustment assistance to Mountain BizCapital, Inc., Buncombe, North Carolina, to provide resources to capitalize a Revolving Loan Fund that will cover the region of western North Carolina, which comprises the counties of Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Cleveland, Henderson, McDowell, Madison, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes, and Yancey. This investment will support expanding small business access to capital and entrepreneurship development services in most economic development plans across the region. This investment is part of a $1.5 million project.