Grant

July 3 - 7, 2017

$3 million to the Town of Sahuarita, Arizona, to fund the development of the Sahuarita Advanced Manufacturing and Technology Center (SAMTEC). The project develops a new multi-tenant flex-space for technology companies in the area to utilize. In addition, this investment supports the diversification of the economy, boost new commercial and industrial development, and create opportunities for job creation. This investment is part of a $4.19 million project that the grantee estimates will create 75 jobs, save 31 jobs, and leverage $500,000 in private investment.
$1,729,500 to the City of Cedar Rapids, Iowa, to fund the relocation of a water transmission line owned and operated by the City of Cedar Rapids. The relocation of the water transmission main is necessary to reduce the threat of flooding to a manufacturing facility in the area and to commence construction of the permanent flood protection structure along the banks of the Cedar River, which will provide protection to the Central Business District of Cedar Rapids. In addition, the completion of the project will avert the potential loss of jobs and create economic stability in the region. This investment is part of a $3.459 million project that the grantee estimates will save 442 jobs and leverage $432,000 in private investment.
$1.5 million to the City of Auburn, Kentucky, to fund the expansion and renovation of an existing wastewater treatment plant to support the expansion of a manufacturing pet food company. This investment will stimulate the local economy through increase employment, per capita income, related business development and the local tax base. In addition, the completion of the project will boost new commercial and industrial development, and create opportunities for job creation in the region. This investment is part of a $4 million project that the grantee estimates will create 65 jobs, save 130 jobs, and leverage $120 million in private investment.
$1.5 million to the City of Monroe, Louisiana, to fund the construction of road infrastructure and related appurtenances to support the expansion of Venable Lane from US Highway 165 to the new entrance/access road linking CenturyLink Village at the IBM Building. The improvements will serve as a catalyst for new commercial and industrial development and job creation in Northeast Louisiana. This investment is part of a $2,368,492 project that the grantee estimates will create 80 jobs, save 94 jobs, and leverage $20 million in private investment.
$180,000 to the Medical Center of the Americas Foundation, El Paso, Texas, to fund the creation of the first Medical Center of Americas (MCA) Utility Plan and updates the 2013 Master Plan to consider new investments, zoning, roads, and increased use for utility improvements. This investment will help increase productivity, spur innovation and entrepreneurship, increase long-term regional competitiveness and economic diversification. This investment is part of a $225,000 project.
$101,452 to Brooklyn Alliance, Inc., Brooklyn, New York, to support the development and implementation of a Comprehensive Economic Development Strategy (CEDS) for the borough Brooklyn, New York. The investment will drive the economic efforts and development, and build capacity in Brooklyn with the goal of increasing economic advancement. 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. This investment is part of a 202,905 project.