Grant

July 15 - 19, 2019

EDA announced 12 investments from July 15-19, 2019, totaling $41,784,055, which is matched by $55,398,574 in local investments. These investments include the following: (1) $33,556,188 in seven Economic Adjustment Assistance projects to help communities design and implement strategies to adjust or bring about change to their economy in response to structural damage to their underlying economic base; which includes five projects for $27,347,500 that will help create 1,828 jobs, save 284 jobs, and leverage $223,350,000 in private investment; (2) $7,997,017 in three Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 54 jobs, save 2,162 jobs, and leverage $35,000,000 in private investment; and (3) $230,850 in two Technical Assistance University Center projects to make the varied and vast resources of universities available to the economic development practitioner community.
- $33,556,188 in seven Economic Adjustment Assistance projects as follows:
  - $12,250,000 in 2018 Disaster Supplemental funds, matched by $36,285,000 in local investment, to the city of Pensacola, Pensacola/Escambia County, Florida, to fund the construction of a Maintenance, Overhaul and Repair (MRO) hangar at the Pensacola International Airport, to provide space for a training center for maintenance technology programs that prepare students for careers in the commercial aviation industry. Once completed, the new hangar will strengthen and enhance the aviation and aeronautical cluster in the region, which will support private capital investment and create jobs. The grantee estimates that this investment will help create 1,130 jobs and leverage $133,000,000 in private investment.
  - $10,000,000 in 2018 Disaster Supplemental funds, matched by $3,270,000 in local investment, to the Panama City Port Authority, Panama City/Bay County, Florida, to fund construction of a new bulk storage facility to house biomass products and a conveyance system in Panama City, Florida. The new facility will connect to an existing flat warehouse bulk terminal, to enhance resiliency and minimize losses to business operations by reducing product damage resulting from natural disasters. The improvements will increase bulk cargo exporting capabilities, which will strengthen the regional economy, support private capital investment, and create jobs. The grantee estimates that this investment will help create 25 jobs and leverage $70,000,000 in private investment.
  - $5,000,000 in 2018 Disaster Supplemental funds, matched by $1,250,000 in local investment, to the city of Anahuac, Anahuac/Chambers County, Texas, to fund the reconstruction of a wastewater treatment plant that was severely damaged by Hurricane Harvey in a designated Opportunity Zone in Anahuac, Texas. The plant will be rebuilt to protect businesses and homes from future flood events, which will help to attract private investments, create jobs and diversify the local economy.
  - $2,800,000 in 2018 Disaster Supplemental funds, matched by $1,969,770 in local investment, to the city of Coral Springs, Coral Springs/Broward County, Florida, to fund storm water drainage improvements to serve the Corporate Park business area in the city of Coral Springs, Florida. The new infrastructure will help eliminate standing water following heavy rainfall activity or significant storm events such as Hurricane Irma. Completion of the project will provide flood mitigation and improve economic conditions, which will strengthen the city’s long-term economy, while also bolstering the region’s resilience. The grantee estimates that this investment will help create 70 jobs, save 217 jobs and leverage $7,350,000 in private investment.
  - $1,250,000 in 2018 Disaster Supplemental funds, matched by $313,692 in local investment, to the Tallahassee Community College, Tallahassee/Leon County, Florida, to support the Tallahassee Community College of Tallahassee, Florida, with the development of a Welding Technologies Laboratory (WTL) at the Kim B. Williams-Advanced Manufacturing Training Center located in an Opportunity Zone. Once completed, the WTL will provide the necessary technical skills, training and resources in manufacturing, construction, aviation and other targeted industry clusters in the aftermath of Hurricane Irma. The project will support economic diversification, build resiliency from future natural disaster events, support private capital investment, and create jobs. The grantee estimates that this investment will help create 353 jobs and save 67 jobs.
  - $1,208,688 in 2018 Disaster Supplemental funds, matched by $1,792,533 in local investment, to Operation Hope, Inc., Atlanta/Fulton County, Georgia, to fund the HOPE Coalition America project, to provide up to 300 technical assistance workshops in a designed Opportunity Zone in the Commonwealth of Puerto Rico. The technical assistance continuum will focus on continuity activities such as small/micro business expansion, new business opportunity building, preparedness, and resilience, which will help small businesses and entrepreneurs grow and succeed following Hurricanes Irma and Maria in 2017. The project is critical in assisting small businesses with expanding their markets, which will lead to long-term economic stability throughout the region.
  - $1,047,500, matched by $1,047,500, to the city of Darlington, Darlington/Lafayette County, Wisconsin, to fund necessary roadway, water and wastewater infrastructure to increase capacity at the city of Darlington’s industrial park. The expansion will accommodate new industrial and diary product manufacturing clusters, which will assist the region with providing new job opportunities to diversify and strengthen the regional economy. The grantee estimates that this investment will help create 250 jobs and leverage $13,000,000 in private investment.
- $7,997,017 in three Public Works projects as follows:
  - $3,000,000, matched by $5,818,000 in local investment, to the Illinois Central College, East Peoria/Peoria County, Illinois, to fund the development of the Illinois Central College Workforce Sustainability Center, to create state-of-the-art instructional spaces to house certificate programs that will accelerate workforce development and manufacturing training in the region. Once completed, the project will provide a pipeline of trained workers for existing and future businesses in the region, which will create new jobs for the region's workforce and provide long-term economic stability. The grantee estimates that this investment will help save 2,160 jobs.
  - $2,997,017, matched by $2,997,017 in local investment, to the Floyd County Commissioners, New Albany/Floyd County, Indiana, to fund infrastructure improvements to serve an industrial park in Floyd County, Indiana. The improvements will support high-tech businesses, including those working in the spaceflight systems and equipment manufacturing sector. Completion of the project will allow current companies located in the park to expand as well as attract new companies, which will foster conditions that support the creation of more, higher paying employment opportunities for the region’s workforce. The grantee estimates that this investment will help create 50 jobs and leverage $10,000,000 in private investment.
  - $2,000,000, matched by $350,000 in local investment, to the Sault Ste. Marie Tribe of Chippewa Indians, Sault Ste. Marie/Chippewa County, Michigan, to fund the construction of an industrial manufacturing and warehousing building to serve as the foundation for a regional business attraction led by the Sault Ste. Marie Tribe. The new infrastructure will accommodate the entrepreneurial community by attracting companies that need to export products and goods, which will support job creation and leverage private investment in the region. the grantee estimates that this investment will help create four jobs, save two jobs, and leverage $25,000 in private investment.
- $230,850 in two Technical Assistance University Center projects, matched by $305,062 in local investments, to support a five-year University Center (UC) program, which is a competitively-based partnership between EDA and academic institutions that makes the varied and vast resources of universities available to the economic development practitioner community.