Grant

May 16 - 23, 2024

EDA announced 9 investments from May 16 – May 23, 2024, totaling $9,462,318 which is matched by $7,828,040 in local investments. These investments include the following:

  1. $4,000,000 in three Economic Adjustment Assistance-2023 Disaster Supplemental projects to help regions that are experiencing severe economic distress or other economic hardship resulting from Hurricanes Ian and Fiona, wildfires, flooding, and other natural disasters occurring in calendar years 2021 and 2022 and help create/save 4,300 jobs.
  2. $4,857,560 in two Economic Adjustment Assistance project 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 and help create/save 520 jobs and leverage $759 million in private investment.
  3. $558,000 in three Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
  4. $46,758 in one Local Technical Assistance project to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs.

 

  • $4,000,000 in three 2023 Disaster Supplemental projects, matched by $1,000,000 in local investments, as follows:
    • $200,000 to the South Central Tennessee Development District, Mount Pleasant/Maury County, TN, to support the South Central Tennessee Development District with creating and funding two new Regional Recovery Coordinator positions within the region to assist in long and short-term disaster recovery with particular attention to storm damage across the counties of Bedford, Coffee, Hickman, Maury, Moore, Perry, and Wayne in Tennessee. Once completed, the project will help lay the groundwork for long-term economic vitality and advance economic resiliency throughout the region.
    • $2,000,000 to the Collin County Community College District, McKinney/Collin County, TX, to support the Collin County Community College District with the renovation and transformation of approximately 4,350 SF of existing general education classrooms and administrative space at the Collin College Plano Campus into a Health Care and Instruction facility in McKinney, Texas. The classrooms and office spaces will be converted into one large Licensed Vocational Nurse (LVN) lab and one large Certified Nursing Assistant (CAN) lab, with shared storage and laundry facilities in between both labs. Once completed, the project will boost economic resiliency, create jobs, and support economic growth throughout the region.
    • $1,800,000 to The Split Second Foundation, Inc., New Orleans/Orleans Parish, LA, to support the Split Second Foundation, Inc. with renovating an existing 10,077 square feet commercial building to be used as the Center for Health and Job Development, to further improve workforce development efforts in New Orleans, Louisiana. The center will provide care for those with disabilities and workforce training in health care and rehabilitative careers. Once completed, the project will boost economic resiliency, create jobs, and strengthen the regional economy.
  • $4,857,560 in two Economic Adjustment Assistance projects, matched by $6,546,440 in local investments, as follows:
    • $800,000 to the Northeast Council of Governments, Aberdeen/Brown County, SD, to support the Northeast Council of Governments with establishing a new revolving loan fund (RLF) to provide small businesses access to capital and increase economic resiliency in the wake of recent natural disasters in and around Aberdeen, South Dakota. The project will provide financing to eligible loan recipients in the Northeast Council of Governments Economic Development District. This region includes Beadle, Brown, Campbell, Day, Edmunds, Faulk, Hand, Marshall, McPherson, Potter, Spink, and Walworth counties in South Dakota. The RLF will provide access to capital to help small businesses and entrepreneurs recover, which will promote job creation, attract private investment, and bolster economic resiliency throughout the region.
    • $4,057,560 to the City of Burley, Idaho, Burley/Cassia County, ID, to support the city of Burley with making the necessary construction to expand an industrial wastewater treatment plant in Cassia County, Idaho. The project work includes the installation of a gravity system, construction of a lift station building, installation of lift station equipment, and construction of force main. Once completed, the project will help contribute to the development of economic capacity in the region to support higher pay employment opportunities for its workforce and stabilize the regional economy.
  • $558,000 in three Partnership Planning projects, matched by $210,000: to support the development and implementation of a comprehensive economic development strategy (CEDS). 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.
    • $195,000 to the Nez Perce Tribe, Lapwai/Nez Perce County, Idaho to support the Nez Perce Tribe with updating and continuing to implement their comprehensive economic development strategy (CEDS) to help existing business development for the Tribe and individual Tribal members in Lapwai, Idaho. The project will provide a roadmap to promote workforce development, which will increase job creation and strengthen the regional economy.
    • $153,000 to the Sault Sainte Marie/Chippewa County, Michigan, Sault Sainte Marie/Chippewa County, Michigan to support the development and implementation of a comprehensive economic development strategy (CEDS) for the region served by the Inter-Tribal Council of Michigan, Inc., which comprises twelve member tribes – Bay Mills Indian Community, Grand Traverse Band of Ottawa and Chippewa Indians, Hannahville Indian Community, Nottawaseppi Huron Band of Potawatomi, Keweenaw Bay Indian Community, Lac Vieux Desert Band of Lake Superior Chippewa, Little River Band of Ottawa Indians, Little Traverse Bay Bands of Odawa Indians, Pokagon Band of Potawatomi, Saginaw Chippewa Indian Tribe, and Sault Ste. Marie Tribe of Chippewa Indians. 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.
    • $210,000 to the Region Five Development Commission, Staples/Todd County, Minnesota to support the development and implementation of a comprehensive economic development strategy (CEDS) for the region served by the Region Five Development Commission, which comprises the counties of Cass, Crow Wing, Morrison, Todd, and Wadena. 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.
  • $46,758 in one Local Technical Assistance projects, matched by $71,600 as follows:
    • $46,758 to the Washington Technology Industry Association, Issaquah/King County, Washington to support the Washington Technology Industry Association with developing the Washington Startup study, to highlight the activity and accomplishments of tech startups throughout the state of Washington, to be published to attract and increase future investment in the region. Once completed, the project will help advance the state's economic growth through job creation, promotion of small businesses, and workforce development.