Grant

September 12 - 19, 2024

EDA announced 17 investments from September 12 – September 19, 2024, totaling $26,814,873 which is matched by $10,785,782.34 in local investments. These investments include the following:

  1. $4,600,000 in two 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.
  2. $256,500 in one Planning and Local Technical Assistance project to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs.
  3. $568,740 in one Technical Assistance project to help communities fill the knowledge and information gaps that may prevent leaders in the public and nonprofit sectors in distressed areas from making optimal decisions on local economic development issues.
  4. $9,791,481 in five Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure, and to help create 414 jobs, save 17 jobs, nearly save 200 jobs, and leverage $1,379,400,000 in private investment.
  5. $8,550,740 in five Economic Adjustment Assistance-Assistance to Coal Communities (ACC) initiative projects to assist communities severely impacted by the declining use of coal. ACC projects support economic diversification, job creation, capital investment, workforce development, and re-employment opportunities, and to help create 265 jobs, save 129 jobs, and leverage $81 million in private investment.
  6. $3,047,412 in three Economic Adjustment Assistance projects 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 to help create 200 jobs, save 110 jobs, and leverage $16 million in private investment.

 

  • $4,600,000 in two 2023 Disaster Supplemental projects, matched by $1,150,000 in local investments, as follows:
    • $2,400,000 to the Panhandle Area Council, Inc., Hayden/Kootenai County, ID, to support establishing a new revolving loan fund (RLF) to serve the Panhandle Area Council of Idaho region. The RLF will help alleviate sudden and severe economic dislocation and further the long-term economic adjustment objectives of the area, which will promote job creation and retention, attract private investment, and bolster economic resiliency throughout the region.
    • $2,200,000 to the South Plains Association of Governments (SPAG), Lubbock/Lubbock County, TX, to support the renovation and transformation of an existing building located in the city of Lubbock. The new building will serve the SPAG 15-county region as it recovers from both manmade and natural disasters. The project will promote resiliency, mitigate the effects of natural disasters, and strengthen the regional economy.
  • $256,500 in one Planning and Local Technical Assistance project, matched by $93,986.34 in local investments, as follows:
    • $256,500 to the Southern Puerto Rico Economic Development District (EDD), Inc., San Juan/San Juan Municipio, PR, to support establishing the Strengthening Economic Development in Southern Puerto Rico project through EDD capacity improvements, cross-sector stakeholder engagement, and regional coordination. The project will strengthen its operation and build an organizational structure to successfully operate and implement the initiatives and activities outlined in the current Comprehensive Economic Development Strategy. The project will enhance future economic sustainability and bolster economic resiliency throughout the region.
  • $568,740 in one Technical Assistance project, matched by $265,206 in local investments, as follows:
    • $568,740 to the National Association of Development Organizations (NADO) Research Foundation, District of Columbia, to support NADO’s Regional Conferences and Training Program for Emerging Leaders in Atlanta, Georgia. The project will provide training through the Economic Development District (EDD) Training Program for Emerging Leaders (TPEL) and Regional Training Conferences, which are aimed at a broader audience of present and potential EDA stakeholders from the region. The project will provide comprehensive practical and best practice training and learning experiences to EDD staff across the region. Additionally, the project will offer unique and specific training to emerging leaders of EDDs, staff who will take on leadership roles over the coming years.
  • $9,791,481 in five Public Works projects, matched by $3,905,784 in local investments, as follows:
    • $2,500,000 to the city of San Marcos, Texas, San Marcos/Hays County, TX, to support constructing and improving a two-lane primary access roadway within the city of San Marcos' Regional Airport in Hays County. The grantee estimates that this investment will create 20 jobs, save 17 jobs, and leverage $400,000 in private investment.
    • $2,589,119 to the Chester Sewer District d/b/a Chester County Wastewater Recovery, Richburg/Chester County, SC, to support making wastewater infrastructure improvements needed to support the electric vehicle industry and other business sector growth in Chester County. The project work includes the installation of approximately 14,000 LF of new 12-inch force main, which will provide the required capacity for build out of the Albemarle facility. The grantee estimates that this investment will create 300 job and leverage $1.3 billion in private investment.
    • $1,400,000 to the city of Crystal City, Crystal City/Zavala County, TX, to support replacing asbestos pipes from the city water system with new, resilient, sustainable piping for safety, longevity and economic growth in Zavala County. The grantee estimates that this investment will save nearly 200 jobs.
    • $1,302,362 to the NewBo City Market, Cedar Rapids/Linn County, IA, to support the expansion and renovation of its market. The project work will help increase space available to agricultural entrepreneurs by 30 percent and continue to drive workforce growth, redevelopment, and local food systems in the area. The grantee estimates that this investment will create 40 jobs.
    • $2,000,000 to the Stuttgart Industrial Development Corporation, Stuttgart/Arkansas County, AR, to support the expansion of water and sewer services at the Stuttgart Industrial Park in Arkansas County, Arkansas. The project work involves installing and connecting waterlines through the entire property, extending gravity sewer lines and manholes, and connecting to the existing wastewater plant. The project will provide adequate water volume and pressure for industrial operations and fire protection. In addition, the project will allow companies to manufacture products by utilizing crop residuals such as rice to create green products. The grantee estimates that this investment will create 54 jobs and leverage $79 million in private investment.
  • $8,550,740 in five Economic Adjustment Assistance-Assistance to Coal Communities (ACC) projects, matched by $2,370,806 in local investments, as follows:
    • $799,926 to the Eastern West Virginia Community and Technical College, Moorefield/Hardy County, WV, to support developing a new Commercial Driver’s License (CDL) training program at the College in the city of Moorefield. The project work includes providing funds for salaries, equipment, supplies, and contractual assistance to establish both Class A and Class B certification programs. The project will support and promote economic growth, bolster job creation, and strengthen the regional economy in an area that has been impacted by the decline in the coal industry.
    • $2,800,000 to the Greenbrier County Airport Authority, Lewisburg/Greenbrier County, WV, to support the expansion of services and capacity at the airport through the construction of a new hanger to increase capacity through training and hanger space in the city of Lewisburg. The project will also include upgrading water and sewer service to the new facility, the existing campus, and opening an additional 100 acres for development. The grantee estimates that this investment will create 83 jobs, save 69 jobs, and leverage $8 million in private investment.
    • $3,200,000 to the city of Columbia, Columbia/Boone County, MO, to support establishing an improved commercial freight rail corridor in the city of Columbia. The project work includes expanding commercial freight opportunities for the city and surrounding region. In addition, the project will enhance resiliency of the local railroad by increasing connectivity and capacity of additional freight following impacts of a municipal coal-plant closure that caused job losses and reduced freight traffic. The grantee estimates that this investment will create 25 jobs and leverage $23 million in private investment.
    • $1,033,698 to the Marshall University Research Corporation, South Charleston/Kanawha County, WV, to support acquiring personnel, purchasing equipment, and funding contractual expenses associated with expanding and updating the Marshall Advanced Manufacturing Center (MAMC) in the city of South Charleston. The project will provide the supplies, equipment, salaries, and consulting services to expand the Center. The grantee estimates that this investment will create 46 jobs, save 30 jobs, and leverage $31 million in private investment.
    • $717,116 to the West Virginia University Research Corporation, Morgantown/Monongalia County, WV, to support expanding the existing Vantage Ventures Accelerator program, which focuses on tech-based small companies in the city of Morgantown. The project work involves providing funds for personnel, travel, supplies, and contractual expenses to provide technical assistance services to businesses, marketing and annual networking/orientation sessions in the region. The grantee estimates that this investment will create 111 jobs, save 30 jobs, and leverage $19 million in private investment.
  • $3,047,412 in three Economic Adjustment Assistance projects, matched by $3,000,000 in local investments, as follows:
    • $1,047,412 to Wichita State University, Wichita/Sedgwick County, KS, to support providing state-of-the-art equipment to a newly constructed 350,000-square-foot biomedical campus in Sedgwick County, for the audiology medical practitioner training programs at WSU. WSU will use the equipment to further train and develop a skilled workforce in the Audiology and Speech-Language Pathology fields. The grantee estimates that this investment will create 50 jobs.
    • $1,500,000 to the South Eastern Economic Development Corporation, Taunton/Bristol County, MA, to support establishing a new revolving loan fund (RLF) to serve the city of Taunton. The RLF will help support business start-ups and expansions, working capital, and equipment purchasing, resulting in job creation and retention to boost economic resiliency throughout the region. The grantee estimates that this investment will create 100 jobs, save 50 jobs, and leverage $9 million in private investment.
    • $500,000 to the University of Wisconsin-Stevens Point, Stevens Point/Portage County, WI, to support purchasing compostability and recycling testing equipment in support of the Wisconsin Institute for Sustainable Technology (WIST) in Portage County. The project equipment will help WIST test new products and ensure their ability to meet standards for sustainability can compete globally in the evolving marketplace. The grantee estimates that this investment will create 50 jobs, save 60 jobs, and leverage $7 million in private investment.