January 11 - 15, 2021

EDA announced 14 investments from January 11-15, 2021, totaling $2,804,552, which is matched by $1,413,639 in local investments. These investments include the following: (1) $74,552 in one Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Project to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic; and (2) $2,730,000 in 13 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.

• $74,552 in one Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Project, matched by $18,639 in local investment, as follows:
  • $74,552, matched by $18,639 in local investment, to the Region Nine Development Corporation, Mankato/Blue Earth County, Minnesota, to support the Region Nine Development Commission with establishing a disaster and economic recovery plan to use as a tool to support the close relationship between the manufacturing segment of the economy and the rural and urban communities in Region Nine and throughout South Central Minnesota. Manufacturing, which accounts for more than 22 percent of jobs across the region, was devastated by the COVID-19 pandemic and through data analytics and broad stakeholder engagement, the project will provide a foundation and recommendations for the region. Once completed, the project will help local manufactures respond to the current crisis and become more resilient when future natural or economic shocks occur, which will strengthen the regional economy and advance economic resiliency throughout the region.
• $2,730,000 in 13 Partnership Planning projects, matched by $1,395,000 in local investments, to support the development and implementation of the Comprehensive Economic Development Strategy (CEDS) process. 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.