Latest EDA Grants
- EDA announced seven investments from February 8-14, 2019, totaling $11,934,650. These investments include the following: (1) $8,558,850 in five Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 891 jobs, save 502 jobs, and leverage $461,624,000 in private investment; and (2) $3,376,000 in two Economic Adjustment Assistance projects to help communities design and implement strategies to adjust or bring about change to their economy in response to structural damage to their underlying economic base that will help create 225 jobs, save 66 jobs, and leverage $62,600,000 in private investment.
- $8,558,650 in five Public Works projects as follows:
- $2,335,850 to the Town of Bourne, Bourne/Barnstable County, Massachusetts, to fund construction of a new waste water treatment plant that will provide needed treatment capacity to the existing sewer system in Buzzards Bay located in the Town of Bourne. The project will support growth in the marine science, technology and renewable ocean-based energy industries, which will provide new job opportunities for the entire Cape Cod Economic Region. The grantee estimates that this investment will help create 30 jobs, save 183 jobs, and leverage $18,260,000 in private investment.
- $2,040,000 to the Rowan-Cabarrus Community College, the Trustees of Rowan-Cabarrus Community College, and the County of Cabarrus, Salisbury/Rowan County, North Carolina, to fund construction of a new Advanced Technology Center Flex Lab and industrial support offices located at the Rowan-Cabarrus Community College. The technology center will provide space for new programs and trainings in mechatronics, engineering technologies, robotics, motors, plastics, CAD, 3D printing, hydraulics and pneumatics. Completion of the project will help strengthen the local economy, support private capital investment and create jobs throughout the region. The grantees estimate that this investment will help create 133 jobs, save 319 jobs, and leverage $66,864,000 in private investment.
- $1,600,000 to the City of Bardstown, Bardstown/Nelson County, Kentucky, to fund sewer infrastructure upgrades to serve several companies in an industrial area in Bardstown, Kentucky. The improvements will help build a reliable water system that will supply the economic needs of the city, which will help strengthen the local economy, support private capital investment and create jobs throughout the region. the grantee estimates that this investment will help create 611 jobs and leverage 369,500,000 in private investment.
- $1,600,000 to the Southern Aroostook Development Corporation, Houlton/Aroostook County, Maine, to fund the construction of the Murine Food Production Facility for the manufacturing of dietetically-specific, quality-controlled feed research mice. The project work includes utility connections, parking and access road, concrete building pad, storm water drainage, pavement and exterior lighting. Once completed, the research laboratory will provide opportunities for new markets for the region’s agriculture capacity, and new jobs to help sustain the region’s workforce. The grantee estimates that this investment will help create 17 jobs and leverage $4,000,000 in private investment.
- $982,800 to the Rochester Downtown Development Corporation, Rochester/Monroe County, New York, to fund the renovation of interior space in the Sibley Square building in Rochester, NY, to develop a shared-use commercial kitchen with fourteen kitchen stations, one show kitchen, and shared-use dry and cold storage. The new kitchen will provide food entrepreneurs space to showcase their goods, provide cooking lessons, and hold pop-up events, which will foster conditions that support the creation of more, higher paying employment opportunities for the region’s workforce. The grantee estimates that this investment will help create 100 jobs and leverage $3,000,000 in private investment.
- $3,376,000 in two Economic Adjustment Assistance projects as follows:
- $1,840,000 to the City of Peachtree Corners and the Prototype Prime, Inc., Peachtree Corners/Gwinnett County, Georgia, to fund the acquisition of property for expansion of the Peachtree Corners Technology Incubator to support the development and growth of businesses in Peachtree Corners, Georgia. The incubator will focus on start-up companies engaged in software development, gaming programs and web applications, and will strengthen the entrepreneurial ecosystem in the region. This investment will create jobs, enhance the marketability of the area and create economic development opportunities for the local community. The grantee estimates that this investment will help create 143 jobs, save 46 jobs, and leverage $27,500,000 in private investment.
- $1,536,000 in Assistance to Coal Communities to the Town of White Sulphur Springs, White Sulphur Springs/Greenbrier County, West Virginia, to support water infrastructure improvements needed to serve new and future business needs in White Sulphur Springs, West Virginia. In addition, it serves the Greenbrier State Forest State Park which currently relies in an antiquated well system. The improvements will serve as the catalyst for development and economic diversification in a region severely impacted by the decline in the coal industry. The project will help support job retention, create new opportunities and attract private investments to the area. The grantee estimates that this investment will help create 82 jobs, save 20 jobs, and leverage $35,100,000 in private investment.
- $8,558,650 in five Public Works projects as follows:
- EDA announced four Economic Adjustment Assistance projects from February 1-7, 2019, totaling $1,550,000. These projects, which includes one project for $350,000 that will help create 5 jobs, save 16 jobs, and leverage $557,440 in private investment, will help communities design and implement strategies to adjust or bring about change to their economy in response to structural damage to their underlying economic base.
- $1,550,000 in four Economic Adjustment Assistance projects as follows: $800,000 in 2018 Disaster Supplemental funding to the International Economic Development Council, Washington, District of Columbia, to support the International Economic Development Council (IEDC) with delivering economic recovery and revitalization services and resources to communities affected by multiple disasters, including Hurricane Harvey. IEDC will provide training to prepare and support expert economic developers with identifying ways to advance economic recovery, solidify gains, strengthen operations and partnerships, and promote further growth for the affected communities. The investment will help create a stable economic climate for business attraction and retention, as well as improving the well-being of the region’s citizens when faced with potential devastating disasters.
- $350,000 in 2018 Disaster Supplemental funding to the City of Parsons, Parsons/Tucker County, West Virginia, to support the City of Parsons with providing sewer service to the newly established Parsons Business Park to assist businesses with recovery efforts due to devastation caused by flooding in 2017. The upgrades will help maintain reliable and consistent services to existing customers and prevent impacted businesses from relocating, which will help create a stable economic climate and strengthen and enhance diversification in the region. The grantee estimates that this project will help create 5 jobs, save 16 jobs, and leverage $557,440 in private investment.
- $320,000 in 2018 Disaster Supplemental funding to the Harris County Flood Control District, Houston/Harris County, Texas, to fund the Deep Tunnel Feasibility Study to determine the need to construct deep tunnels under Harris County for transporting storm waters away from utility and transportation infrastructure, which connect economic activity centers in the region. This study will address systemic vulnerabilities from flooding across the county after Hurricane Harvey, which will help mitigate economic disruption after future flooding events and create resilience in the region.
- $80,000 to the Calaveras Health Impact Product Solutions and the Alpine Biomass Collaborative, West Point/Calaveras County, California, to fund the Wood Processing Campus Feasibility Study to determine the needed resources and other requirements for the implementation of a wood processing campus to develop biomass fuels in Alpine County, California. The study will help mitigate against future wildfire threats promoting and implementing a healthy forest management initiative that uses excess biomass cleared from the land in the area. This effort will significantly reduce vulnerability to dangerous wildfires and improve forest and watershed health, which will diversify and create resilience in the local economy.