Grant

March 16 - 22, 2018

  • $6,707,680 in six Public Works projects as follows:
    • $2 million to Franklin County and the Tennessee College of Applied Technology Shelbyville, Tennessee, to fund the construction of a proposed training facility at the Tennessee College of Applied Technology. The facility will support the expansion of existing industries as well as attract new businesses to the area. The investment will strengthen and enhance the area’s skill training programs and create jobs which will help to create economic stability in the region. The grantees estimate that this investment will help create 250 jobs, save 20 jobs, and leverage $7.5 million in private investment.
    • $1.815 million to the Mississippi State University Research and Technology Corporation and the Mississippi State University of Agriculture and Applied Research, Starkville, Mississippi, to fund the construction of a unique analytical center for services to support Mississippi State University in providing education and workforce training in scientific research. The training will provide an industrial resource to attract companies looking to relocate to a region where they can access instruments, equipment and expertise to verify product integrity, support manufacturing, insure quality control and contribute to product development. Once completed, the new building will drive entrepreneurship and business growth, which will strengthen the regional economy, support private capital investment and create jobs.
    • $1 milliohttps://www.eda.gov/news/press-releases/2018/03/19/stone-county-ar.htmn to Stone County, Arkansas, to construct a county-owned manufacturing building needed to meet the business expansion demand in Stone County. This new building will provide a significant boost to the local economy by serving as a catalyst for retaining existing businesses, attracting more industry, and promoting job creation and economic growth in the region. The grantee estimates that this investment will help create 50 jobs and leverage $650,000 in private investment.
    • $880,000 https://www.eda.gov/news/press-releases/2018/03/22/Bishopville-sc.htmto the city of Bishopville, South Carolina, to fund the construction of critical infrastructure to facilitate the location and expansion of a new business to the City of Bishopville. The pump station upgrade portion of the proposed project consists of demolishing the existing pump house and components and installing new infrastructure to support a business in the health care sector. This investment will promote job growth and attract private investments to support the region’s efforts to diversify its economy. The grantee estimates that this investment will help create 150 jobs and leverage $12 million in private investment.
    • $512,680 https://www.eda.gov/news/press-releases/2018/03/22/carmi-il.htmto the city of Carmi, Illinois, to support the reconstruction and modernization of Industrial Avenue in the City of Carmi’s industrial area, adding storm sewers and drainage to prevent frequent road flooding. Completion of the project will resolve the reoccurring flooding issue 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 10 jobs, save 115 jobs, and leverage $800,000 in private investment.
    • $500,000 https://www.eda.gov/news/press-releases/2018/03/22/piedmont-mo.htmto the city of Piedmont, Missouri, to fund the replacement of a waterline that serves the Highway 49 Industrial Park in Piedmont. The improvements will increase utility reliability and resource conservation, which will result in attracting new higher paying jobs, future businesses and retaining local manufacturing jobs throughout the region. The grantee estimates that this investment will help save 30 jobs.
  • 261,000 in four Local Technical Assistance projects to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs through projects such as feasibility studies, impact analyses, disaster resiliency plans, and project planning.
  • $630,000 in nine Partnership Planning projects 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.