|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||3||$2,728,859|
During Fiscal Year 2013, EDA invested $3,069,159 in 10 projects in the State of Utah. These projects are expected to create or retain 1,035 jobs and leverage $352,000,000 in private investment, according to grantee estimates. EDA’s investments help Utah 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: Expanding Aerospace Manufacturing in Cedar City
Utah’s Cedar City region is emerging as a new economic center. With tremendous opportunity and rapidly growing counties along the Interstate 15 corridor, the region continues to face great demands to improve inadequate or deteriorating public facilities and continue to diversify an economic base historically dependent upon services and tourism.
In 2013, EDA awarded the Cedar City Corporation $935,900 to construct airport infrastructure and road improvements. This EDA investment will support the region’s growing aerospace parts manufacturing industry, enabling the production and distribution of jet aircraft in the region. The airport infrastructure improvements are necessary to open the region to potential foreign investment and exports, thereby increasing the region’s ability to compete in the global marketplace.
This project is a priority for the community’s economic expansion as a center for aerospace activity and is tied to corporate investments of $350 million and the creation of 1,000 new jobs, most of which will be in areas of advanced manufacturing.