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Latest EDA Grants

Archives: 2015 | 2014 | 2013 | 2012

2015

  • August 24-28, 2015

    • $2.7 million in Public Works funds to the Williamsport Municipal Water and Sanitary Authority, Williamsport, Pennsylvania, to support construction of a water main to replace the existing undersized/dilapidated water infrastructure. The new system will provide sufficient water capacity and enhance fire flows to serve existing businesses and accommodate new commercial and industrial development and job creation in the region. This investment is part of a $6 million project that the grantee estimates will create 1,000 jobs, save 2,400 jobs, and leverage $3 million in private investment.

    • $2,438,681 in Public Works funds to the City of American Canyon, California, to support construction of critical roadway infrastructure improvements to the Green Island industrial district in Napa County. The project will allow businesses better access to the industrial district and its amenities, ensuring the ongoing viability and vitality of the industrial zone. This investment is part of an $11,612,767 project that the grantee estimates will save 109 jobs.

    • $1,939,257 in Public Works funds to the Town of Boydton, Virginia, to fund construction of a new sewer line and upgrades to the existing wastewater treatment system in Boydton. The improvements will increase the system’s capacity resulting in a more efficient system that will accommodate the expansion of existing businesses, startup of new businesses, and addresses the critical need for employment opportunities in Virginia’s Southside region. This investment is part of a $3,878,514 project that the grantee estimates will create 32 jobs, save 38 jobs, and leverage $347 million in private investment.

    • $1,600,074 in Public Works funds to the Town of Chino Valley, Arizona, to support the construction of critical roadway, water, and sewer lines to support utilities and transportation services to an industrial park in Yavapai County, Arizona. The project is part of Chino Valley’s long-term economic development plans to create higher skill, higher paying job opportunities for the region’s residents, and increase the capacity of business enterprises to improve the regional economy. This investment is part of a $2,047,824 project that the grantee estimates will save 34 jobs and leverage $500,000 in private investment.

    • $1,472,625 in Public Works funds to the Oxnard Harbor District, Port Hueneme, California, to support critical structural improvements to the Port of Hueneme in Ventura County, California. The project will enhance the wharf’s structure and deepen berth space to accommodate large ships and vessels increasing the region’s importing and exporting capabilities. This investment is part of a $2,945,250 project that the grantee estimates will create 127 jobs and save 3,326 jobs.

    • $1.15 million in Economic Adjustment funds to the Capital Region Planning Commission, Baton Rouge, Louisiana, to support renovations to create a new Capital Region Operations and Resource Center that will serve as disaster response and resiliency center for the region as well as for fellow coastal planning districts requiring an emergency evacuation shelter and assistance. The project promotes job creation, supports economic diversification, and fosters disaster resiliency. This investment is part of a $1,600,200 project.

    • $914,910 in Public Works funds to the City of Barnwell, South Carolina, to fund critical water and sewer infrastructure improvements to the Barnwell County Airport Industrial Park. The improvements will support the location of a new manufacturing facility in the park, strengthen and enhance economic diversification of the region’s manufacturing cluster, and serve as a catalyst for attracting new commercial and industrial development and job creation in the region. This investment is part of a $1,524,850 project that the grantee estimates will create 134 jobs and leverage $117 million in private investment.

    • $816,637 in Public Works funds to Murray County and the Chatsworth Water Works Commission, Chatsworth, Georgia, to support construction of new sewer infrastructure necessary for connection of existing manufacturing companies to the city of Chatsworth’s main sewer collection system. Completion of this project will result in a more efficient system that will enable the continued development and expansion of existing businesses located in the city’s industrial corridor, and accommodates the startup of new businesses. This investment is part of a $1,166,624 project that the grantees estimate will create 600 jobs and leverage $100 million in private investment.

    • $780,000 in Economic Adjustment funds to Colleton County, the City of Walterboro, and the Walterboro-Colleton County Airport Commission, Walterboro, South Carolina, to fund critical water and sewer infrastructure improvements to the Lowcountry Regional Airport Park in Walterboro. The improvements support the expansion of existing businesses, strengthen and enhance diversification of the region’s aeronautical cluster, and accommodate new commercial and industrial development and job creation in the region. This investment is part of a $1.3 million project that the grantees estimate will create 126 jobs and leverage $3 million in private investment.

    • $700,000 in Public Works funds to the Town of Wilkesboro, North Carolina, to fund construction of critical infrastructure improvements to the municipal water system. The improvements will provide sufficient water capacity and enhance fire protection to support economic diversification and accommodate new commercial and industrial development and job creation in the region. This investment is part of a $5,625,753 project that the grantee estimates will create 30 jobs and leverage $2.5 million in private investment.

    • $400,000 in Economic Adjustment funds to The Idea Village, Inc., New Orleans, Louisiana, to support Idea Village in positioning New Orleans as the entrepreneurial hub of the south. The funding assists with the expansion of Idea Village's Entrepreneur Season to provide increased technical assistance to New Orleans businesses through seminars, targeted business assistance, and facilitating entrepreneurs' access to capital. The project helps New Orleans diversify its local economy and solidify its position as a prime location for entrepreneurs. This investment is part of an $800,000 project.

    • $300,000 in Economic Adjustment funds to the Social Entrepreneurs of New Orleans, Inc. (Propeller), Louisiana, to aid in supporting the growth of regional entrepreneurship in the water cluster through its Water Accelerator program. The program will provide business consulting services, technical assistance, mentoring, and other resources as needed to facilitate the growth of an estimated 10 to 20 businesses. Additionally, SENO will convene 10-15 workshops, panels, or events to connect regional members of the water clusters with key stakeholders, perform outreach with cluster firms and industry associations to determine best practices to ensure cluster growth. The investment will help New Orleans diversify its local economy and solidify its position as a prime location for entrepreneurs. This investment is part of an $853,680 project.

    • $250,000 in Economic Adjustment funds to the Port of South Louisiana, Laplace, Louisiana, to support a market and research study to determine the potential impact of a new container terminal in the Port of South Louisiana. This study will analyze a more efficient and economical pathway to process imports and exports, which will lead to a more robust and sustained regional economy. This investment is part of a $500,000 project.

    • $239,337 in Economic Adjustment funds to the University of Massachusetts-Boston, Suffolk County, Massachusetts, to support Phase II development of the Venture Development Center on the campus of the University of Massachusetts-Boston. The project includes converting underutilized common space into wet laboratory units to accommodate new start-ups in the life sciences industry. When completed, the expanded Center will be a hub for microbusiness incubation, business acceleration, and supportive business services that will create jobs and attract private investment to the region. This investment is part of a $578,674 project that the grantee estimates will create 114 jobs and leverage $77,671,800 in private investment.

  • August 17-21, 2015

    • $1.4 million in Public Works funds to the Hartsville-Trousdale Water and Sewer Utility District/Hartsville-Trousdale County, Tennessee, to fund construction of critical infrastructure improvements to the PowerCom Industrial Center in Hartsville. The improvements will provide sufficient water and sewer capacity to support expansion of existing businesses and accommodate new businesses. This investment is part of a $2.8 million project that the grantees estimate will create 224 jobs, save 13 jobs, and leverage $73,304,040 in private investment.

    • $204,688 in Local Technical Assistance funds to the International Economic Development Council, Washington, DC, to support the International Economic Development Council in providing training and technical assistance to communities in Arkansas, Louisiana, New Mexico, Oklahoma, and Texas that have been affected by recent natural disasters. The project will help improve economic development programs and services to economically distressed communities in the region. This investment is part of a $255,864 project.

  • August 10-14, 2015

    • $1,073,594 in Public Works funds to the City of Ansonia, Connecticut, to fund construction of utility and road improvements to support Phase II development of the Foundation Lake Commerce Center. The infrastructure improvements will allow better access to the Center’s developable land allowing expansion and continuing operations of existing industry and development of new industry. This investment is part of a $2,147,188 project that the grantee estimates will create 225 jobs, save 100 jobs, and leverage $11 million in private investment.

    • $1,000,308 in Public Works funds to the Southeastern Community College, West Burlington, Iowa, to support construction of a new Industrial Maintenance Technology facility on the Southeastern Community College’s Keokuk campus. The workforce training facility will encourage job growth and business expansion in the region by providing training in the advanced manufacturing and industrial technologies necessary to meet the demands of the region’s emerging industries. This investment is part of a $3,969,477 project.

    • $265,650 in Economic Adjustment Assistance to Brattleboro Development Credit Corporation, Brattleboro, Vermont, to support development and implementation of the Southern Vermont Green Building Cluster project. A market and industry research and analysis study will be conducted to determine a more efficient and economical pathway to grow and expand the green building industry sectors in the southeastern Vermont region, leading to a more robust and sustained regional economy. This investment is part of a $531,300 project.

  • August 3-7, 2015

    • $3 million in Public Works funds to the Klamath Community College, Klamath Falls, Oregon, to support construction of the Klamath Community College Work Skills Technology Center in Klamath County. The Center will provide vocational training in the fields of aviation, business, and computer engineering technology, media marketing, and manufacturing, as well as expand Klamath Community College’s Health Information Management program. These training opportunities will address the shortage of trained personnel in new technology and expand the region’s capacity to meet the needs of local businesses. This investment is part of a $6,540,534 project.

    • $500,000 in Economic Adjustment Assistance to Launch New York, Inc. (Buffalo, NY) and Innovation Center of the Rockies (Boulder, Colorado), to support development and implementation of a virtual mentor network to provide technical assistance and mentoring to entrepreneurs in a 27-county region of Upstate New York. The project will facilitate the use of significant research and development resources to provide technology and innovation-based entrepreneurs with a more efficient and economical pathway to develop their businesses, thereby creating a more robust and sustained regional economy. This investment is part of a $1.125 million project.

  • July 20-24, 2015

    • $2,017,501 in Economic Adjustment Assistance to the Isothermal Community College/The Trustees of Isothermal Community College, Spindale, North Carolina, to support construction of the Isothermal Comprehensive Applied Sciences and Workforce Development Center on the campus of Isothermal Community College. This new state-of-the-art workforce training facility will house multiple work skills classrooms, including training in the advanced manufacturing and industrial technologies necessary to meet the demands of the region’s emerging industries using advanced industrial technologies. This investment is part of a $6,113,639 project that the grantees estimate will create 594 jobs and leverage $207.5 million in private investment.

    • $1.5 million in Public Works funds to the City of Williamstown, Kentucky, to fund construction of a new water treatment plant to replace an outdated water plant in Williamstown. The new plant will provide sufficient water capacity to serve existing businesses and accommodate new commercial/industrial development and job creation in the region’s growing health care, manufacturing, and professional sectors. This investment is part of a $3.26 million project that the grantee estimates will create 240 jobs, save 181 jobs, and leverage $30.24 million in private investment.

  • July 13-17, 2015

    • $2 million in Public Works funds to the Port of Port Angeles, Washington, to support the renovation of a composite recycling technology center in Clallam County, Washington. The facility will house industrial and workforce training programs specializing in recycling of composite waste materials to create employment opportunities for the region’s residents, and improve the regional economy. This investment is part of a $4 million project that the grantee estimates will create 111 jobs.

    • $768,358 in Public Works funds to the Town of Lyons, Colorado, to support the construction of critical water and sewer infrastructure to allow recovery and further development of the Town of Lyons’ eastern corridor commercial district, which was destroyed by the 2013 floods. When completed, the new water infrastructure will help strengthen the corridor and be a catalyst for business acceleration, promoting economic diversification, resiliency, and growth in the region. This investment is part of a $1,536,717 project.

    • $352,171 in Economic Adjustment Assistance to the Three Rivers Mississippi Planning and Development District, Pontotoc, Mississippi, to fund implementation of High Availability which is an advanced, state-of-the-art disaster recovery plan for an 11-county region of Mississippi severely impacted by an EF-3 tornado in April 2014. This project supports enhanced disaster resiliency planning, capacity building, and information technology assistance associated with economic recovery efforts to establish a more resilient, sustainable economy in the event of future disasters. This investment is part of a $704,342 project.

  • July 6-10, 2015

    • $2,499,474 in Economic Adjustment Assistance funds to the University of Southern California/University of California-Riverside, California, to provide technical assistance to the University of Southern California in partnership with the University of California-Riverside and over 80 other partners to develop organizational capacity within the region to administer the Investing in Manufacturing Communities Partnership. The project will provide management and research support to increase investment in the aerospace and defense manufacturing sectors and improve opportunities to create sustainable employment opportunities for the region’s workforce. This investment is part of a $3,259,291 project.

    • $1,006,075 in Economic Adjustment Assistance funds to Wichita State University, Wichita, Kansas, to fund construction of critical infrastructure necessary to support construction of the Experiential Engineering Building on Wichita State’s Innovation Campus. This project supports the recent designation of Wichita as an IMCP manufacturing community, and is projected to create capacity through training and business engagement to support job creation and retention in the advanced manufacturing sector. This investment is part of a $2,012,150 project.

  • June 29-July 3, 2015

    • $1,018,633 in Public Works funds to Butler County, Missouri to fund construction of a railroad bridge overpass over the Union Pacific Railroad tracks at the entrance of the Poplar Bluff Industrial Park, the region’s largest industrial park. The new overpass will allow increased access to the Park enabling industries constrained by limitations on the road to expand and grow. The expanded access will attract more start-up businesses and entrepreneurs to the region, promoting job creation and economic growth. This investment is part of a $2,611,880 project that the grantee estimates will create 50 jobs and leverage $2 million in private investment.

    • $1 million in Public Works funds to the Village of Salado, Texas, to construct critical wastewater and sewer infrastructure to support the South Main Street corridor in Bell County. The project will boost business expansion and provide job opportunities for the region’s residents. This investment is part of a $2.1 million investment that the grantee estimates will create 35 jobs, save 188 jobs, and leverage $150 million in private investment.

    • $925,054.58 in Trade Adjustment Assistance for Firms funds to the Regents of the University of Colorado at Boulder, Colorado to fund the activities of the Rocky Mountain Trade Adjustment Assistance Center at the Regents of the University of Colorado in Boulder, which serves import-impacted firms located in Colorado, Nebraska, New Mexico, North Dakota, South Dakota, Utah, and Wyoming, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,735,704.06 project.

    • $1,711,405.13 in Trade Adjustment Assistance for Firms funds to the Mid-Atlantic Employers’ Association, King of Prussia, Pennsylvania, to fund the activities of the Mid-Atlantic Trade Adjustment Assistance Center in King of Prussia, Pennsylvania, which serves import-impacted firms located in Delaware, Maryland, New Jersey, Virginia, West Virginia, and the District of Columbia, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,711,405.13 project.

    • $871,628.35 in Trade Adjustment Assistance for Firms funds to the New England Trade Adjustment Assistance Center, Inc., North Billerica, Massachusetts, to fund the activities of the New England Trade Adjustment Assistance Center, which serves import-impacted firms located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,635,459.01 project.

    • $865,544.61 in Trade Adjustment Assistance for Firms funds to the Applied Strategies International, Ltd., Chicago, Illinois, to fund the activities of the Midwest Trade Adjustment Assistance Center in Chicago, Illinois, which serves import-impacted firms located in Illinois, Iowa, Minnesota, and Wisconsin, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,624,043.95 project.

    • $773,539.84 in Trade Adjustment Assistance for Firms funds to the University of Texas at San Antonio, Texas, to fund the activities of the Southwest Trade Adjustment Assistance Center in San Antonio, TX, which serves import-impacted firms located in: Louisiana, Oklahoma, and Texas to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,451,413 project.

    • $763,371.91 in Trade Adjustment Assistance for Firms funds to the Trade Task Group, Seattle, Washington, to fund the activities of the Northwest Trade Adjustment Assistance Center in Seattle, Washington, which serves import-impacted firms located in Alaska, Idaho, Montana, Oregon, and Washington to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,432,334.66 project.

    • $737,411.83 in Trade Adjustment Assistance for Firms funds to the Regents of the University of Michigan, Ann Arbor, Michigan, to fund the activities of the Great Lakes Trade Adjustment Assistance Center in Ann Arbor, Michigan, which serves import – impacted firms located in Indiana, Michigan, and Ohio, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,383,625.09 project.

    • $710,779.54 in Trade Adjustment Assistance for Firms funds to the Georgia Tech Research Corporation, Atlanta, Georgia, to fund the activities of the Southeastern Trade Adjustment Assistance Center in Atlanta, Georgia, which serves import-impacted firms located in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, and the Commonwealth of Puerto Rico, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,333,654.22.

    • $672,507.33 in Trade Adjustment Assistance for Firms funds to the University of Southern California, to fund the activities of the Western Trade Adjustment Assistance Center (WTAAC) in Los Angeles, which serves import-impacted firms located in Arizona, California, Hawaii and Nevada, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,261,843.07 project.

    • $648,368.09 in Trade Adjustment Assistance for Firms funds to the Curators of the University of Missouri-Columbia, Missouri, to fund the activities of the Mid-America Trade Adjustment Assistance Center in Columbia, Missouri, which serves import-impacted firms located in Arkansas, Kansas, and Missouri, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,216,549.99 project.

    • $628,406.64 in Trade Adjustment Assistance for Firms funds to the Research Foundation of the State University of New York, to fund the activities of the New York State Trade Adjustment Assistance Center at the Research Foundation State University of New York in Binghamton, which serves import-impacted firms located in New York, to strengthen their competitiveness in the worldwide marketplace. This investment is part of a $1,179,095.79 project.

  • June 22-26, 2015

    • $580,200 in Public Works funds to the City of Canyon, Texas, to construct critical sewer infrastructure to support the proposed agriculture manufacturing park in Randall County. The project will boost business expansion and provide job opportunities for the region’s residents. This investment is part of a $1,160,400 project that the grantee estimates will create 55 new jobs.

    • $350,000 in Economic Adjustment Assistance to the Nevada System of Higher Education, Las Vegas, Nevada, to support the Nevada System of Higher Education in purchasing equipment for a health care professional training facility in Clark County. The equipment will help the region gain the capacity to train its workforce through educational opportunities provided by institutions of higher education. The project complements the Strong Cities, Strong Communities project currently underway in Las Vegas and promotes economic growth and job creation in the region. This investment is part of a $700,000 project.

    • $250,000 in Economic Adjustment Assistance to the Greater Laredo Development Foundation, Laredo, Texas, to fund the development of an International Business Assistance Center to support small and medium-sized businesses promote international trade by offering equipped incubator space, conference rooms and support staff. This investment is part of a $400,000 project.

  • June 15-19, 2015

    • $1.5 million in Public Works funds to the City of Walker, Louisiana, to provide critical water, sewer, and roadway infrastructure to support the development of the Walker Industrial Park. The new development will allow the area to expand their metal manufacturing and distribution clusters. This investment is part of a $3,396,235 project that the grantee estimates will create 200 jobs, save 859 jobs, and leverage $25 million in private investment.

    • $366,899 in Local Technical Assistance funds to the Saint Louis Economic Development Partnership, Clayton, Missouri, to fund an economic recovery coordinator to assist the communities of Ferguson, Dellwood, Jennings, and a portion of unincorporated St. Louis County. The coordinator will work with local officials and business leaders in the impacted areas to coordinate and facilitate resources necessary for long-term economic recovery and growth in the region. This investment is part of a $497,664 project.

    • $200,000 in Economic Adjustment Assistance to the Puget Sound Regional Council, Seattle, Washington, to provide technical assistance to the Puget Sound Regional Council to implement the region’s Investing in Manufacturing Communities Partnership (IMCP). The project will make resources available to business enterprises in the manufacturing sector that will improve their opportunities for expansion and support the creation of sustainable employment opportunities for the region’s workforce. This investment is part of a $400,000 project.

  • June 8-12, 2015

    • $1.25 million in Public Works funds to Independence County, Arkansas, to support rail, road, and sewer infrastructure for the new Batesville feed mill. The project will further the region’s economic development by attracting new industry and allowing the area’s agriculture cluster to innovate and expand. This investment is part of a $2.5 million project that the grantee estimates will create 250 jobs and leverage $2.2 million in private investment.

    • $960,000 in Public Works funds to the City of Hondo, Texas, to provide financial assistance for the construction of an Annex to the South Texas Regional Training Center in Medina County. The project supports the City of Hondo’s strategy to increase jobs in the region by providing vocational training in the fields of aviation, construction, nursing, welding, and other basic skills. This investment is part of a $1.2 million project that the grantee estimates will create 30 jobs.

    • $155,000 in Economic Adjustment funds to the County of Humboldt/The Humboldt Bay Harbor, Recreation, and Conservation District, Eureka, California, to fund an infrastructure and reuse plan for a former pulp mill site on the Samoa Peninsula in Humboldt County. The project provides technical assistance to identify opportunities to reuse the industrial infrastructure and create an economic development roadmap to strengthen the regional economy. This investment is part of a $310,000 project.

  • June 1-5, 2015

    • $862,557 in Public Works funds to Artspace Projects, Inc., Loveland, Colorado, to support the rehabilitation of Loveland’s historic Feed & Grain Building for use as a creative arts business incubator to serve businesses and entrepreneurs in the Larimer County region severely impacted by the Colorado flood disaster of 2013. When completed, the incubator will be a catalyst for business acceleration, promoting economic diversification, resiliency, and growth in the region. This investment is part of a $1,725,115 project that the grantee estimates will create 27 jobs and save 22 jobs.

    • $250,000 in Economic Adjustment funds to the Southwest New Mexico Council of Governments, Silver City, New Mexico, to establish a strategic planning process to implement the Southwest New Mexico Energy and Green Jobs Task Force’s Regional Plan for Energy Efficiency and Renewable Energy in the four county area of Southwest New Mexico. The project lays the groundwork for establishing an incubator to promote entrepreneurship and business development in the region. This investment is part of a $312,500 project.

  • May 25-29, 2015

    • $992,687 in Public Works funds to the Maine Department of Transportation, Augusta, Maine, to support construction of an interchange on Interstate 95 at Trafton Road and the realignment of an adjacent roadway to provide unobstructed access to existing industrial facilities in Waterville. When completed, the improvements will help boost business expansion and provide job opportunities for the region’s residents. This investment is part of a $4,813,362 project that the grantee estimates will create 325 jobs and leverage $34 million in private investment.

  • May 18-22, 2015

    • $2.181 million in Economic Adjustment funds to the Ogden City Corporation, Ogden, Utah, to fund construction of a water line to support development of a new advanced manufacturing facility at the Ogden Business Exchange, Utah’s first lifestyle business park. The new water line will provide sufficient water capacity to accommodate new manufacturing-based foreign direct investment into the Ogden region. This investment is part of a $2.908 million project that the grantee estimates will create 175 jobs and leverage $12 million in private investment.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the Nevada County Economic Resource Council Foundation, Inc., Grass Valley, California, to support the American Digital Media Leadership Campus’s mission by building a globally competitive region that focuses on providing innovative technologies to the rapidly growing, global digital media industry. By facilitating the transfer of technology and business skills between researchers and industry teams relevant to the digital media industry, the Campus helps to strengthen the regional and U.S. economic competitiveness. This investment is part of a $1,026,832 project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the Saint Louis Economic Development Partnership, Saint Louis Missouri, to support the development of a master plan for building a cohesive research park strategy that will strengthen opportunities for regional economic growth and globalization in bioscience research and commercialization by supporting entrepreneurship and collaborative innovation. The expanded park and innovation hub will further the region’s economic development efforts to elevate and expand the existing plant science ecosystem from idea generation to commercialization, creating jobs, and regional competitiveness on an international scale. This investment is part of a $500,000 project.

    • $498,577 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the University of Tennessee Health Science Center, Memphis, Tennessee, to complete an in-depth planning, feasibility, and marketing study of the best plan for the next phase of the University of Tennessee Health Science Center Biotechnology Research Park. The Park will be located on the adjacent properties of the University of Tennessee Health Science Center and Memphis Bioworks which will help facility technology transfer and research commercialization. This investment is part of a $498,577 project.

    • $498,540 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to Rutgers, The State University of New Jersey, New Brunswick, New Jersey, to support the development of an implementation strategy and business plan for the Innovation Park@Rutgers, a signature corporate and community collaboration, commercialization complex at Rutgers. The Park will serve as a catalyst for community development that spans beyond New Jersey, and will be the epicenter of an innovation ecosystem that will have the most advanced supercomputing system in the state. This investment is part of a $498,540 project.

    • $498,286 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the California Polytechnic State University, San Luis Obispo, California, to support the expansion of the Cal Poly Technology Park into an “Innovation Complex” in San Luis Obispo, CA. The project supports critical market feasibility and programming studies to ensure that the new facility meets the needs of the University and helps to diversify and stimulate the economy by creating high-paying technical jobs and employment opportunities in the region. This investment is part of a $498,286 project.

    • $488,000 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the Regents of New Mexico State University, Las Cruces, New Mexico, to support a study to analyze the expansion of Arrowhead Park’s multi-disciplinary park into a collaborative business and research environment centered around a healthcare delivery and medical technology development cluster (Health-Tech). The ultimate goal is to positively impact the region through improved healthcare for citizens while diversifying New Mexico’s economy. This investment is part of a $488,000 project.

    • $460,707 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the Georgia Tech Research Corporation, Atlanta, Georgia, to fund a research park feasibility study to assess the viability of expanding the footprint of the existing technology park, Enterprise Park, founded by GATech in 2004. The hub will benefit startup companies emerging from several nearby universities, existing companies as they expand their current operations without leaving the area, and leading edge research and innovation enterprises ‒ including Global Center for Medical Innovation and Georgia Tech Research Institute. This investment is part of a $632,407 project.

    • $395,000 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the Clemson University Land Stewardship Foundation, Inc., Greenville, South Carolina, to fund the development of a new master plan for the Clemson University International Center for Automotive Research (CU-ICAR). Clemson University’s CU-ICAR is a unique, automotive-focused science and technology park that plays a pivotal role in supporting the growth of the automotive and advanced manufacturing industries as an innovation campus in South Carolina and the southeast. With a new master plan, CU-ICAR will be better positioned to serve its multiple constituencies and to become an even stronger force driving the South Carolina economy. This investment is part of a $395,000 project.

    • $330,000 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to Pittsburg State University, Pittsburg, Kansas, to support the development of a strategy for renovation and update of the Tyler Research Center. The plans will analyze the physical and organizational resources available in the region, provide detailed recommendations regarding the enhancement of existing facilities and the creation of new ones, and evaluate the economic impact of the commercialization program while providing sustainability recommendations. This investment is part of a $330,000 project.

    • $290,600 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the Palm Beach County Board of County Commissioners, West Palm Beach, Florida, to fund a study of the feasibility of establishing a northern Palm Beach County science and research park (NPBC). NPBC would leverage the area’s existing emerging life sciences and related industry cluster along the North Palm Beach County Life Science Corridor, anchored by two renowned research institutes including the Scripps Research Institute and the Max Planck Florida Institute for Neuroscience. This investment is part of a $290,600 project.

    • $247,170 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to the Ann Arbor SPARK, Ann Arbor, Michigan, to support the creation of a plan for a Connected and Autonomous Vehicle (CAV) Development Center. The CAV Center will meet demand for an early stage CAV accelerator and, for established companies, leasable real estate surrounding a test track. The CAV Center will leverage the region's one-of-a-kind automotive industry to attract electronics, software, and systems integration firms to test the new technologies. This investment is part of a $247,170 project.

    • $158,467 in funds from the 2014 Regional Innovation Strategies program’s Science and Research Park Development Grants competition to Washington State University, Pullman, Washington, to support an in-depth planning and feasibility study to determine the economic and technical viability of renovating the existing buildings of the Washington State University Research Park. The project’s long-term goal is to expand the overall facilities within the WSU Research Park to promote economic development by providing the properly equipped physical space to facilitate the creation of businesses based on technologies developed within the university system as well as from within the community. This investment is part of a $288,726 project.

  • April 27-May 1, 2015

    • $1 million in Public Works funds to the Wilson Community College and the Wilson Community College Foundation, Wilson, North Carolina, to renovate and customize two buildings on the Wilson Community College Lee Campus for workforce training in advanced transportation and industrial maintenance and operations. The region’s industry and facilities have suffered from a shortage of skilled workers in these fields. This project will provide the specialized training and retraining of local workers to address the gap. This investment is part of a $2 million project that the grantee estimates will create 245 jobs.

  • April 13-17, 2015

    • $1.5 million in Public Works funds to the City of Muskogee, Oklahoma, to construct critical road and waste water infrastructure to upgrade and expand the Muskogee Industrial Park. This project is part of the City’s long-term economic development plans in response to recent job losses in the manufacturing, retail, and agricultural sectors. This investment is part of a $3,196,985 project that the grantee estimates will create 4 jobs, save 238 jobs, and leverage $400,000 in private investment.

  • April 6-10, 2015

    • $904,588 in Economic Adjustment assistance funds to the Southwest Tennessee Community College/Memphis Tennessee Board of Regents, Shelby County, Tennessee, to construct a new two-story business and industry facility on the Macon Cove Campus of the Southwest Tennessee Community College in Memphis. The construction will help meet regional industry demand for entry level skills in Advanced Industrial Technology Process Control, Advanced Industrial Logistics Technology, and Advanced Manufacturing. This investment is part of a $2,654,588 project that the grantees estimate will create 52 jobs, save 33 jobs, and leverage $60,000 in private investment.

    • $672,870 in Public Works funds to Downtown West Plains, Inc., West Plains, Missouri, to support renovation and expansion of the Ozarks Small Business Incubator to provide increased business opportunities to the counties of Douglas, Howell, Oregon, Ozark, Shannon, Texas, and Wright. The additional space will allow existing businesses to expand and grow, and attract more start-up businesses and entrepreneurs to the region, promoting public and private investment and economic growth. This investment is part of a $1,121,450 project.

  • March 30-April 3, 2015

    • $895,000 in Public Works funds to the Treasure Coast Research, Education, and Development Authority, Fort Pierce, Florida, to construct the Center for AgriLife Research and Entrepreneurship (CARE) Incubator Project in the Treasure Coast Research Park. The new incubator, known as the Sunshine Kitchen Food Business Incubator, will include a shared-use commercial kitchen, which will be a working laboratory for food entrepreneurs as they develop new products, processes, packaging, and product promotions. The project will grow many agricultural businesses by providing necessary research, education, and resources. This investment is part of a $1,791,735 project that the grantee estimates will create 266 jobs and leverage $6.6 million in private investment.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to Cornell University, Ithaca, New York, to create the Southern Tier Innovation Hot Spot (STIHS), a collaboration among Binghamton University, Cornell University, Corning Inc., and the Ceramics Corridor Innovation Center, that will develop a Hardware Entrepreneurship Ecosystem (HEE) in the Southern Tier region of New York State. The project combines the region’s strengths in engineering, materials science, and manufacturing with cutting-edge business incubation, acceleration and entrepreneurship theory and practice to accelerate the development of product-oriented startups and grow the region’s economy and employment. This investment is part of a $1,379,297 project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to BioStl, St. Louis, Missouri, to increase the capacity of the St. Louis Bioscience Regional Proof of Concept Center. This project will provide additional technical assistance for its current portfolio of proof of concept projects and companies and will increase the number of trained entrepreneurs who will create the technology business of tomorrow. By expanding its proof of concept program known as the Technology Advancement Program (TAP), the program will continue to address various gaps in the commercialization continuum. This investment is part of a $1,227,826 project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the New Orleans BioInnovation Center, Inc., New Orleans, Louisiana, to support the New Orleans BioInnovation Center’s (NOBIC) efforts to scale a proven and innovative Life Science Technology Commercialization assistance program from serving entrepreneurs in the New Orleans area to a statewide effort. By making NOBIC a regional life science research commercialization hub, this program will support the creation of high-growth life science entrepreneurial ventures that will contribute to regional economic growth. This investment is part of a $1,225,745 project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the Pennsylvania State University, State College/Centre, Pennsylvania, to create TechCelerator, a pre-accelerator designed for early-stage tech-based start-ups which provides an array of pre-launch business and market research services designed to assist entrepreneurs in converting business ideas into reality. The project will enhance the support system by focusing services and programs to support TechCelerator efforts and to develop a strong, vibrant entrepreneurial culture that will create a large, sustainable pipeline of startup activity in Centre County and the surrounding region. This investment is part of a $1,216,584 project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the Curators of the University of Missouri, Kansas City, Missouri, to continue support for early-stage proof-of-concept projects at Digital Sandbox KC. The project expands the program to create a community-wide network of product development and testing resources, essentially turning the entire community into a regional market research and testing environment. This clearinghouse will encompass prototype equipment and resources available through higher education, corporate, government and nonprofit channels. This investment is part of a $1.15 million project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the University of South Florida, Tampa, Florida, to support the expansion of the FirstWaVE Venture Center in Tampa a program that has been highly successful in connecting high-growth startups with mentorship, early stage capital and other resources to foster a culture of innovation throughout the region. The project seeks to increase the overall number of startups and accelerate the commercialization of inventions and ideas by providing more specialization and better resources for specific industries and demographics, such as the IT, education, hospitality, call centers, and manufacturing industries, as well as for women-led and veteran-led high-growth companies. This investment is part of a $1,068,550 project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the Georgia Tech Research Corporation, Atlanta, Georgia, to transfer the experience of Georgia Tech’s Enterprise Innovation Institute (EI2) in developing university-fostered startup ecosystems to two university communities located in the downtown area of Atlanta: Georgia State University and the four private, historically black colleges and university (HBCU) members of the Atlanta University Center (Clark Atlanta University, Spelman College, Morehouse College and the Morehouse School of Medicine). In collaboration with Startup Atlanta, a non-profit convener of startup activity in the broader Atlanta region, EI2 will support an exchange of our best practices focused on the development of student startup curriculum and clubs, faculty commercialization programs, accelerators, and incubators. This investment is part of a $1,017,787 project.

    • $500,000 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the University of Central Florida, Orlando, Florida, to extend the UCF I-Corps pilot program to help transition Central Florida’s engineering workforce into high growth technology companies that design, manufacture and export innovative products. This Center will also leverage both the statewide Florida Cleantech Accelerator Network and the forthcoming Osceola County Advanced Materials Research Center. This investment is part of a $1,000,173 project.

    • $611,000 in Economic Adjustment Assistance funds to the Innovation Accelerator Foundation, Inc., Rochester, New York, to provide technical assistance to support development of the Innovation, Manufacturing, and Material Science Institute accelerator in the Eastman Business Park in Rochester. The project will facilitate the reuse of significant research and development resources and provide technology entrepreneurs with a more efficient and economical pathway to develop their businesses, thereby creating a more robust and sustained regional economy. This investment is part of a $1.222 million project.

    • $499,959 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to Louisiana Tech University, Ruston, Louisiana, to build the I-20 Corridor Maker Space Innovation Network . The project integrates interdisciplinary maker-spaces, entrepreneurship, and business development across the region to enhance new product development that will lead to new job creation and economic growth. This investment is part of a $1,385,078 project.

    • $499,826 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the University of North Carolina at Chapel Hill, North Carolina, to create Technology Commercialization Carolina, a program designed to convert university research and development into commercially viable enterprises. The multi-institution technology commercialization center will provide commercialization and entrepreneurship training, early stage venture launch support, incubation, and funding to a diverse set of inventors and innovators throughout North Carolina. This investment is part of a $1,130,298 project.

    • $499,822 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the Maryland Technology Development Corporation, Baltimore, Maryland, to establish the mdSTEPP Virtual Commercialization Center. By leveraging the innovations in medical devices emerging from the Central Maryland/Baltimore/Washington Metropolitan region's prominent medical and engineering schools including the University of Maryland and Johns Hopkins University, and the region's significant entrepreneurial support infrastructure, the program seeks to significantly increase the number of successful medical device companies in Maryland. This investment is part of a $999,644 project.

    • $499,064 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to University of Alaska-Fairbanks, Alaska, to establish the Alaska Center for Microgrid Technologies Commercialization. The Center will provide the technical and business assistance required to accelerate commercialization and implementation of the technologies needed to improve the affordability and reliability of microgrid energy systems, an industry of particular importance in remote or isolated regions characterized by high energy costs, such as those in Alaska and developing regions of the world. This investment is part of a $998,520 project.

    • $499,010 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to BioAccel, Phoeniz, Arizona, to support the expansion of the Southwest Proof of Concept Commercialization Center (BioAccel). The project will enhance the partnership between the biomedical engineering programs at Arizona State University and the University of California at Irvine in order to provide additional technical assistance for its current portfolio of proof of concept projects and companies and to increase the number of trained entrepreneurs who will create the technology business of tomorrow. This investment is part of a $919,463 project.

    • $474,453 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the City and County of San Francisco, California, to expand San Francisco’s current entrepreneurship-in-residence program, Startup in Residence (STIR), from a one-city model to a regional, multi-city program. The STIR program aims to create a replicable and scalable model to build regional networks of city governments that accelerate the commercialization of cutting edge innovations in technology services to the public sector and expand entrepreneurial and investment opportunities and government collaboration in the participating regions. This investment is part of a $959,730.95 project.

    • $449,950 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the Ohio Energy and Advanced Manufacturing Center, Inc., Lima, Ohio, to establish the Center for High Strain Rate Forming Commercialization in Lima. By linking metal forming manufacturers with university researchers, government economic development entities, and supply chain vendors, the Center will leverage existing resources, collaborate, and co-invest to nurture manufacturing innovation among all sizes of manufacturers to accelerate commercialization and innovative adaptation. This investment is part of a $1,022,404 project.

    • $399,585 in funds from the 2014 Regional Innovation Strategies program’s i6 Challenge competition to the Albany Medical College, New York, to support development of a best of class commercialization model for New York’s Capital Region through the newly established Biomedical Acceleration & Commercialization Center (BACC). Led by Albany Medical College, the project seeks to build an entrepreneurial culture, improve the processes by which ideas become products and companies, and provide critical technology transfer resources to companies, investors, and entrepreneurs. This investment is part of a $919,463 project.

    • $250,000 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to the Clean Energy Trust, Chicago, Illinois, to support the Clean Energy Trust (CET), a non-profit clean energy accelerator that serves nine Midwestern states to source breakthrough technologies that can be turned into high-growth startup companies. CET aims to create a healthier and more sustainable environment and a more prosperous economy. CET has established a Clean Energy Prize Fund that strives to foster innovation and promote economic growth by providing much needed early-stage seed capital to these startups in order to traverse the commercialization "valley of death." This investment is part of a $650,000 project.

    • $250,000 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to Quatere, Salt Lake City, Utah, to support Quatere’s efforts to create and implement an innovative, next generation early stage umbrella fund in the Intermountain region and beyond. The fund will inject much needed sustainable funding options for early stage and startup companies and is expected to result in new job creation and increased availability of capital and technical assistance to early stage companies in the region. This investment is part of a $628,800 project.

    • $250,000 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to Technology 2020, Knoxville, Tennessee, to assist in the launch of the TennesSeed Proof of Concept Fund. TennesSeed will accelerate the formation and funding of new companies in Tennessee by de-risking very young, promising companies through investments that validate technology, products and services, and market potential. These proof-of-concept investments will increase the flow of vetted investment opportunities for investors that finance companies beyond the pre-seed or seed stage and will increase the attractiveness of those opportunities, thereby increasing the rate of high quality job creation. This investment is part of a $500,000 project.

    • $250,000 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to the University of North Dakota, Grand Forks, North Dakota, to support the University of North Dakota Center for Innovation’s efforts to facilitate venture growth in portfolio companies. The project will strengthen the network of nine angel funds that have been established in eastern North Dakota, increasing the contact with individuals in the central and western areas of the state who have expressed interest in investing, laying the groundwork for launching new angel and seed funds that will extend the angel fund network statewide. This investment is part of a $500,000 project.

    • $248,946 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to the Regional Development Corporation, Espanola, New Mexico, to improve the performance and impact of Regional Development Corporation’s existing seed fund by providing technical assistance to existing portfolio companies and by better connecting the ecosystem’s stakeholders. The project will develop a feasibility study for a larger regional seed capital fund to be able to provide seed capital for early-stage companies, especially those focused on science- and technology-based products and services. This investment is part of a $516,076 project.

    • $249,933 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to the University of Central Florida, Orlando, Florida, to raise, deploy and manage the $5 million evergreen StarterCorps Seed Fund that will be deployed in innovative technology and advanced manufacturing startups in Central Florida. Specifically, StarterCorps will provide the most promising new ventures with access to incremental rounds of seed funding that will be critical in maturing these "starter" teams into companies that are attractive to angel groups, early-stage venture capitalists and federal SBIR agencies. This investment is part of a $516,933 project.

    • $221,467 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to the Greater Phoenix Economic Council, Phoenix, Arizona, to fund a feasibility study to assist in establishing a seed capital fund to serve the Greater Phoenix region. The fund would support early-stage companies in advanced manufacturing and related industries, and connect entrepreneurs with existing capacity and resources within the entrepreneurial ecosystem. By leveraging the expertise of the core team members and other stakeholders, the fund will help startups advance quickly into the next phase of growth and value. This investment is part of a $515,203 project.

    • $148,600 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to the Montana Economic revitalization and Development Institute, Butte, Montana, to strengthen the Mansfield Center’s ability to support fledgling manufacturers with prototype development, proof-of-concept assistance, business mentoring, and product commercialization assistance. The Mansfield Center incorporates a mixed-use business incubator and a machine shop makerspace focused on assisting high-growth entrepreneurial manufacturers in taking their operations to the next level. This investment is part of a $297,200 project.

    • $124,910 from the 2014 Regional Innovation Strategies program’s Cluster Grants for Seed Capital Funds competition to the Albany Medical College, Albany, New York, to design a seed capital investment infrastructure needed to create the Bio Innovation Seed Fund. Once established, the fund will provide increased opportunities for proof of concept, product demonstration, and prototypes for early stage projects and products being developed by physicians, engineers, and entrepreneurs in the New York Capital region. This early stage assistance will encourage private investment leveraging of federal, state, and regional economic development funding and initiatives and support innovation and entrepreneurship. This investment is part of a $258,531 project.

  • March 23-27, 2015

    • $3 million in Public Works funds to the Findlay Township Municipal Authority, Clinton, Pennsylvania, to support construction of a wastewater treatment plant in Findlay Township, a critical growth area near the Pittsburgh International Airport. The new plant will provide sufficient water capacity to serve existing businesses and accommodate new commercial/industrial development and job creation in the region. This investment is part of an $11,353,690 project that the grantee estimates will create 2,420 jobs and leverage $783 million in private investment.

    • $613,905 in Public Works funds to the Curators of the University of Missouri and the City of Columbia, Missouri, to support construction of roadway and utility infrastructure necessary for continued development of the Discovery Ridge Research Park. The construction will enable new and existing industries constrained by limitations on the roadway and sewer systems to expand and grow. This investment is part of a $1,227,810 project that the grantees estimate will create 68 jobs and leverage $48 million in private investment.

    • $600,000 in Economic Adjustment funds to the Planning and Development District III and the Areawide Business Council, Inc., Yankton, South Dakota, to support the recapitalization of an existing revolving loan fund (RLF). The RLF will be used to increase the lending capacity and provide gap financing to businesses in two disaster-designated counties—Hanson and Jerauld, which are recovering from recent tornado damage. This investment is part of an $800,000 project.

    • $500,000 in Economic Adjustment funds to the South Eastern Development Foundation, Sioux Falls, South Dakota, to support the creation of a revolving fund (RLF) to serve disaster-impacted businesses in the counties of Clay, Lincoln, McCook, Minnehaha, Turner, and Union. RLF assistance will be used to promote entrepreneurship, innovation, and job creation in the region. This investment is part of a $1 million project.

  • March 10-13, 2015

    • $1.2 million in Public Works funds to the Southwest Key Programs, Austin, Texas, to construct and renovate infrastructure in East Austin to create a mixed-use commercial center to grow small businesses and develop innovation-based industry clusters. This project will lay the foundation for job opportunities for a distressed area through promotion of entrepreneurship for the largely Hispanic and African-American East Austin community. This investment is part of a $5,713,847 project that the grantee estimates will create 250 jobs.

    • $1.2 million in Public Works funds to the Brooks Development Authority, San Antonio, Texas, to enable the Brooks City Base community to turn unused land and buildings on the site of the former Brooks Air Force Base into a viable area for businesses growth and investment. The newly available spaces will act as an engine for economic growth as they are marketed to innovative businesses in bioscience, technology, and renewable energy. This investment is part of a $2.075 million project that the grantee estimates will create 1,500 jobs.

  • March 2-9, 2015

    • $2 million in Public Works funds to Davidson County Community College/Davidson County Community College Foundation, Lexington, North Carolina, to construct the new Health Sciences Building on the Davidson County Community College’s main campus. The new facility consolidates and expands the college’s health programs to address central North Carolina’s critical need for nurses and nursing assistants and an emergency medical science program. This investment is part of a $10,450,576 project that the grantee estimates will create 1,000 jobs, save 2,215 jobs, and leverage $108 million in private investment.

    • $1.5 million in Public Works funds to the Meridian Community College, Lauderdale, Mississippi, to expand and renovate Meridian Community College’s existing Workforce Development Center to meet the growing demands of regional employers and address the current lack of available workers. The new facility will include training in industrial maintenance, manufacturing/distribution, electrical technology, truck driving, and construction trade technology. This investment is part of a $5,248,892 project that the grantee estimates will create 2,020 jobs and leverage $44.5 million in private investment.

    • $1 million in Public Works funds to the City of Mount Pleasant, Tennessee, to construct critical water and gas line infrastructure to enable a European ceramic tile company to set up its first production and distribution center in the United States. This initial investment will benefit 13 counties in Tennessee and help make the region more competitive in the global economy. This investment is part of a $2.178 million project that the grantee estimates will create 180 jobs and leverage $70 million in private investment.