Grant

November 24-December 1, 2017

  • $3,081,580 in four Public Works projects as follows:
    • $827,580 to the Town of Black Mountain, Buncombe County, and the Metropolitan Sewerage District of Buncombe County, Black Mountain, North Carolina, to support the development of water infrastructure in the Black Mountain Commerce Park to enable the expansion of a fast-growing life sciences manufacturing firm. The expanded facility will allow the manufacturer to meet its operational needs, create jobs, and also help to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy and support private capital investment. The grantees estimate that this investment will create 551 jobs, save 57 jobs, and leverage $25.4 million in private investment.
    • $800,000 to the City of Roswell, New Mexico, to support the renovation of an airport hangar facility located in Roswell that serves the aviation maintenance, repair and overhaul sector. The renovated facility will enable numerous businesses to expand operations, which will strengthen the regional economy, support private capital investment and create jobs. The grantee estimates that this investment will help create 30 jobs.
    • $789,000 to the East Central Idaho Planning and Development Association, Rexburg, Idaho, to provide additional funds to continue the renovation of a two-story building to serve as the Teton County Professional Technical Education and Business Center in Driggs, Idaho. The new building will allow training for local residents, new and existing companies to obtain skilled labor and resources in manufacturing and other industries needed to be successful in growing small businesses, which will provide sustainable and long-term economic growth in the area.
    • $665,000 to the Simpson County Water District, Franklin, Kentucky, to fund water system improvements to serve a new industry locating in the industrial area in the northern part of the City of Franklin. The improvements will upgrade and create new water lines and other infrastructures to create jobs, enhance the marketability of the area and its assets by enabling existing manufacturing businesses to expand while attracting new Foreign Direct Investment to the region. The grantee estimates that this investment will help create 343 jobs and leverage $193 million in private investment.
  • $550,000 in one Economic Adjustment Assistance project as follows:
    • $550,000 to the Jicarilla Apache Nation, Dulce/Rio Arriba County, New Mexico, to fund a feasibility study to assist the Jicarilla Apache Nation, located in San Juan and Rio Arriba County, New Mexico. The study will develop a strategy to re-acquire oil and gas assets, create a business plan to support the formation of a Tribally-owned company that will offer technical assistance to other Tribes with similar assets, and establish regulations to improve outcomes for working with other energy companies, as well as internal tribal procedures. Once completed, this study will provide a roadmap for the Tribe to own and manage their energy assets, which will strengthen the regional economy, support private capital investment and create jobs.