|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||1||$1,227,962|
During Fiscal Year 2013, EDA invested $1,227,962 in one project in the Commonwealth of the Northern Mariana Islands. These projects are expected to create or retain 191 jobs according to grantee estimates. EDA’s investments help Northern Mariana Islands communities achieve bottom-up, locally-defined economic development goals and strategies.
EDA offers a complementary, balanced portfolio of grant programs designed to help rural and urban communities grow their private sectors and create jobs.
Investment Spotlight: Industrial Park Infrastructure
Following the decline of the garment industry and the loss of many jobs, the Lower Base Industrial Park on Saipan was identified as an excellent location for marine-based industries because of its location near the primary seaport and on-island transportation assets. However, the existing water infrastructure, much of which predated World War II, was in dire need of upgrading and the area still used the traditional septic system and needed to transition to a modern sewer system. Adequate infrastructure is essential for a community to better position itself to take advantage of economic opportunities or to attract industry to the region.
In September of 2013, EDA awarded $1.2 million for the replacement of undersized ductile iron and concrete waterlines and the design of a sewer system for the Lower Base Industrial Park. Total project costs were $1.7 million, which is expected to lead to the creation of 191 jobs.