|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||3||$2,500,000|
During Fiscal Year 2013, EDA invested $3,657,000 in 21 projects in the State of Washington. These projects are expected to create or retain 120 jobs and leverage $3,220,537 in private investment, according to grantee estimates. EDA’s investments help Washington 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: Port Rehabilitation
Traditionally dependent on the timber industry, the economy of northwest Washington has been devastated by the near-collapse of a natural resource-extraction economy. With limited job opportunities in this geographically isolated area, job creation and retention is especially critical to the regional economy.
As the region struggled to diversify its economy, it decided to capitalize upon its most competitive advantage: having the closest deep-water port to the Pacific Rim. In 2013, EDA invested $1.5 million to rehabilitate the terminal at Port Angeles, the port on the Strait of Juan de Fuca. The infrastructure improvements will expand the operating capacity of the port, which will support more opportunities for the region's workforce in the ship maintenance and repair industry and associated marine industries, such as oil spill containment and cleanup. Specifically, the terminal rehabilitation will increase economic diversification through the expansion of repair and critical inspection programs for the Trans-Alaskan Pipeline Systems tanker fleet and other types of ocean-going cargo vessels. In addition, these improvements will support expansion plans for existing maritime-related companies in the area.