March 29 - April 2, 2021

EDA announced 24 investments from March 29-April 2, 2021, totaling $3,530,000, which is matched by $2,506,667 in local investments. These investments include the following: (1) $730,000 in two Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Projects to help alleviate sudden and severe economic dislocation caused by the coronavirus pandemic; and (2) $2,800,000 in 22 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.

• $730,000 in two Economic Adjustment Assistance-COVID-19 Recovery and Resiliency Projects, matched by $182,500 in local investments, as follows:
  • $480,000, matched by $120,000 in local investment, to the Solano Economic Development Corporation, Fairfield/Solano County, California, to fund the Moving Solano Forward III project, a two-phased approach to responding to the economic impacts of the COVID-19 pandemic in the near term and building economic resilience in the long-term in Solano County, CA. In Phase 1, the short-term triage phase, Tasks One through Three focus on analyzing risk, impacts, and opportunities of the COVID-19 pandemic on vulnerable industries with high rates of pandemic-induced job loss, such as leisure and hospitality; retail trade, transportation, and utilities; professional and business services; education and health services; and other services such as manufacturing and governmental jobs. In Phase 2, the long-term resiliency phase, Tasks Four through Six will evaluate specific opportunity sites, develop business attraction and diversification strategies, identify diversification strategies, update the industry cluster analysis, and develop a comprehensive resiliency plan tied to economic development, job growth, housing growth, and transportation needs countywide. Once implemented, the project will assist the region with recovery efforts from the COVID-19 pandemic, support entrepreneurism, spur jobs creation, attract private investment, and advance economic resiliency throughout the region.
  • $250,000, matched by $62,500 in local investment, to Metro and the Portland Public School District, Portland/Multnomah County, Oregon, to fund a feasibility study to determine the economic options for re-developing an existing school administration building in the Albina Neighborhood located in Multnomah, Oregon, a designated Opportunity Zone. The study will help foster economic development and create long-term, high-wage jobs, which will help the region with recovery efforts from the COVID-19 pandemic and help diversify the local economy.
• $2,800,000 in 22 Partnership Planning projects, matched by $2,324,167 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.