|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||2||$1,490,718|
With relatively low median incomes and unemployment rates higher than the Mississippi State average, the Town of Grenada seeks to attract new industries or businesses, with a focus on manufacturing.
In FY 2016, EDA invested $2,425,380 in Public Works funds to assist the Grenada County Board of Supervisors to further develop its Business & Technology Park North, an area that consists of 1,100 partially developed acres consistent with the area’s long-term Comprehensive Economic Development Strategy (CEDS) that is designed to raise the region's standard of living by supporting existing industries, and to expand opportunities to attract new manufacturing companies to the eight counties within this region.
The improvements will support the expansion of existing manufacturing businesses and will help strengthen and enhance the diversification of the region’s manufacturing cluster. In addition, the improvements will boost new commercial and industrial development, and create job opportunities in the region. This investment will create 100 jobs and leverage $10 million in private investment.