Grant

June 15 - 19, 2020

EDA announced 17 investments from June 15-19, 2020, totaling $30,558,255, which is matched by $18,113,728 in local investments. These investments include the following: (1) $26,838,255 in eight 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 six investments totaling $24,941,640 that will help create 700 jobs, save 722 jobs, and leverage $175,965,500 in private investments; (2) $2,060,000 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 7 jobs, save 6 jobs, and leverage $500,000 in private investment; (3) $400,000 in one COVID-19 Recovery and Resiliency Project; and (4) $1,260,000 in 7 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
- $26,838,255 in eight Economic Adjustment Assistance projects, matched by $15,013,728 in local investments, as follows:
  - $12,199,000 in 2019 Disaster Supplemental funds, matched by $12,199,000 in local investment, to South Sioux City, South Sioux City/Dakota County, Nebraska, to fund construction of a new wastewater treatment facility to support business growth following the 2019 severe flood damage in South Sioux City, which is located near a designated Opportunity Zone. The new infrastructure will support the city’s current and future business and industry sectors, which will provide long-term economic growth, business development, and help create jobs throughout the region. The grantee estimates that this investment will help create 58 jobs and leverage $160,000,000 in private investment.
  - $5,117,030 in 2019 Disaster Supplemental funds, matched by $360,000 in local investment, to Lincoln County and the Lincoln County R-III School District, Troy/Lincoln County, Missouri, to fund construction of a workforce development training center to provide curriculum for advanced manufacturing, agriculture technology, and building and industry trades in Troy, Missouri. The project will also provide space for an aquaponics laboratory and educate, train, and prepare individuals for immediate entry into the workforce. Once completed, the project will help upskill the region’s workforce by providing a pipeline of skilled workers in high demand fields, which will bolster workforce development, create jobs, attract private investment, and strengthen the regional economy. The grantees estimate that this investment will help create 96 jobs and leverage $2,765,500 in private investment.
  - $3,098,400 in 2019 Disaster Supplemental funds, matched by $774,600 in local investment, to the City of Mitchell, Mitchell/Davison County, South Dakota, to support the City with the construction of critical stormwater improvements to mitigate the disastrous effects of flooding in 2019 in Davison County. The project will reconstruct several street segments within the East Central Drainage Basin that lack drainage features, install curbs and gutters, install storm sewer piping, and replace deficient sewer and water mains, which will ensure adequate capacity for current and future economic activity. Once completed, the project will promote manufacturing, increase resiliency, encourage business expansion, and strengthen economic growth throughout the region. The grantee estimates that this investment will help create 16 jobs, save 7 jobs, and leverage $2,100,000 in private investment.
  - $2,100,000 in 2019 Disaster Supplemental funds, matched by $560,000 in local investment, to the Fletcher Falcon Enterprise Corporation and the L.E. Fletcher Technical Community College, Schriever/Terrebonne County, Louisiana, to support the Fletcher Technical Community College with constructing a new state-of-the art facility dedicated to workforce development in Schriever, Louisiana. The new facility will provide classrooms and training laboratories for Allied Health, Nursing Programs, and a Workforce Center that offers advanced, customized and relevant training, to meet the needs of local employers in the area. Once completed, the project will help bolster job creation, attract private investment, and support economic resiliency throughout the region. The grantee estimates that this investment will help create 500 jobs.
  - $1,627,210 in 2019 Disaster Supplemental funds, matched by $406,802 in local investment, to the City of Muscle Shoals, Muscle Shoals/Colbert County, Alabama, to fund stormwater drainage infrastructure improvements to protect businesses from the impact of future storms in Colbert County. The project will increase the capacity to convey storm water underneath US 43 to the existing retention pond, allowing the system to capably handle 25-year storm events. Once completed, the project will establish reliable accessibility to businesses by mitigating flooding and creating economic resiliency against future disasters, which will bolster economic growth, attract private investment, and create jobs. The grantee estimates that this investment will help save 715 jobs and leverage $11,100,000 in private investment.
  - $1,096,615 in 2019 Disaster Suppemental funds, matched by $287,932 in local investment, to the North Carolina Department of Public Safety (Raleigh/Wade County) and the North Carolina Rural Economic Development Center (Durham/Durham County), North Carolina, to support the North Carolina Department of Public Safety with developing a strategic plan to fill the critical need for recovery efforts in North Carolina in the aftermath of Hurricane Florence and Tropical Storm Michael in 2018. The project will build resilience capacity through education and technical assistance, train local officials on resilience core concepts, integrate ongoing disaster risk reduction and recovery efforts, and provide resources to help North Carolina establish a statewide resilience framework and guidance. Once completed, the project will promote economic redevelopment in the area and help mitigate the effects of past and future natural disasters throughout the state of North Carolina.
  - $800,000, matched by $225,394 in local investment, to the Garfield County Industrial Authority, Enid/Garfield County, Oklahoma, to support the Garfield County Industrial Authority with expanding the Garfield County Industrial Park to meet the critical need for more business capacity in Enid, Oklahoma. The project will expand water, wastewater, and road infrastructure in the existing industrial park located near designated Opportunity Zones, which will promote manufacturing, increase business resiliency, and help strengthen the local economy. The grantee estimates that this investment will help create 30 jobs.
  - $800,000 in 2019 Disaster Supplemental funds, matched by $200,000 in local investment, to the Apalachee Regional Planning Council, Tallahassee/Leon County, Florida, to fund a Revolving Loan Fund to finance long-term economic recovery efforts for businesses impacted by Hurricane Michael in 2018 in Leon, Calhoun, Franklin, Gadsden, Gulf, Jackson, Jefferson, Leon, Liberty, and Wakulla counties in Florida. The project will hire a full-time administrator, conduct targeted outreach, build capacity, and emphasize commercial investment to hurricane-resistant business sectors and under-capitalized enterprises, including an Opportunity Fund. Once completed, the project will promote resiliency, expand competitiveness, and strengthen economic development throughout the region.
- $2,060,000 in one Public Works project, matched by $2,060,000 in local investment, as follows:
  - $2,060,000, matched by $2,060,000 in local investment, to the Shenandoah Valley Regional Airport Commission, Weyers Cave/Augusta County, Virginia, to fund construction of new airport hangars and training space to support increased aviation activity in Augusta County. The hangars will serve as the anchor for the development of a broader aviation technology business park to accommodate additional aviation-related business investment and job creation throughout the area. Once completed, the project will grow the region’s aviation sector and allow the Blue Ridge Community College to develop a pipeline of skilled workers, which will support business growth, create higher wage jobs, and strengthen the regional economy. The grantee estimates that this investment will help create 7 jobs, save 6 jobs, and leverage $500,000 in private investment.
- $400,000 in one COVID-19 Recovery and Resiliency Project, with no local investment, as follows:
  - $400,000 in CARES Act Recovery Assistance to the Three Rivers Planning and Development District, Pontotoc/Pontotoc County, Mississippi, to provide supplemental financial assistance to the Three Rivers Planning and Development District to help them respond to the unusual and compelling urgency of the coronavirus pandemic. The scope of work requires the recipient to undertake one or more of the following pre-approved activities: (1) the development of an economic recovery and resilience plan, tied to the applicant’s approved Comprehensive Economic Development Strategy, to address the economic impacts of the coronavirus pandemic, (2) the deployment of disaster recovery coordinators to orchestrate the region’s response to the pandemic, (3) the provision of technical assistance, as necessary, to local governments, businesses, and other stakeholder organizations, and (4) the funding of appropriate technology and staff support for these pandemic-response activities.
- $1,260,000 in seven Partnership Planning projects, matched by $1,040,000 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.