Grant

June 7 - 13, 2019

  • EDA announced 20 investments from June 7-13, 2019, totaling $3,485,658, which is matched by $3,172,325 in local investments. These investments include the following: (1) $1,590,658 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 107 jobs and leverage $43,000,000 in private investment; and (2) $1,895,000 in 19 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $1,590,658 in one Public Works project as follows:
      • $1,590,658, matched by $1,590,658 in local investment, to City Life Community Builders, Baltimore/Baltimore City, Maryland, to support site and infrastructure improvements to the Hoen Lithograph Complex for workforce development apprenticeship and business training programs in a designated Opportunity Zone in Baltimore, Maryland. The improvements will attract new businesses and allow existing business to grow, which will strengthen the local economy, support private capital investment and create jobs throughout the region. The grantee estimates that this investment will help create 107 jobs and leverage $43,000,000 in private investment.
    • $1,895,000 in 19 Partnership Planning projects, matched by $1,581,667 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.