EDA announced 41 investments from September 5 – September 12, 2024, totaling $40,672,140 which is matched by $29,671,002 in local investments. These investments include the following:
(1) $8,748,167 in seven Economic Adjustment Assistance-2023 Disaster Supplemental projects to help regions that are experiencing severe economic distress or other economic hardship resulting from Hurricanes Ian and Fiona, wildfires, flooding, and other natural disasters occurring in calendar years 2021 and 2022, and to help create 661 jobs, save 3,948 jobs, and leverage $429,771,800 in private investment.
(2) $4,000,000 in one Economic Adjustment Assistance-2019 Disaster Supplemental project to help regions that are experiencing severe economic distress or other economic hardship resulting from Hurricanes Florence, Michael, Lane, Typhoons Yutu and Mangkhut, wildfires and other calendar year 2018/2019, and to help create 75 jobs.
(3) $575,000 in seven Planning and Local Technical Assistance projects to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs.
(4) $235,175 in two Technical Assistance projects to help communities fill the knowledge and information gaps that may prevent leaders in the public and nonprofit sectors in distressed areas from making optimal decisions on local economic development issues.
(5) $968,000 in seven Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
(6) $15,165,010 in six Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure, and to help create 1,891 jobs, save 650 jobs, create and/or save 55 jobs, and leverage $673 million in private investment.
(7) $6,905,655 in seven Economic Adjustment Assistance-Assistance to Coal Communities (ACC) initiative projects to assist communities severely impacted by the declining use of coal. ACC projects support economic diversification, job creation, capital investment, workforce development, and re-employment opportunities, and to help create 150 jobs, save 77 jobs, create and/or save 300 jobs, and leverage $12 million in private investment.
(8) $4,075,133 in four 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, and to help create 150 jobs, save 50 jobs, and leverage $2 million in private investment.