August 11 - 11, 2023
EDA announced six investments from August 11-17, 2023, totaling $2,121,130, which is matched by $1,422,146 in local investments. These investments include the following: (1) $412,018 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; (2) $1,515,000 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 10 jobs, save 15 jobs, and leverage $1,400,000 in private investment; (3) $64,112 in one Local Technical Assistance project to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs; and (4) $130,000 in two Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
- $412,018 in two Economic Adjustment Assistance projects, matched by $188,016 in local investment, as follows:
- $246,018, matched by $104,016 in local investment, to the City of Hampton Public Works Department, Hampton/Hampton City/County, Virginia, to support the purchase of two new Vortex Advantage 5-Display Heavy Equipment Simulators to establish a training facility in Hampton, Virginia. By installing the training stimulations, the facility will be equipped to provide a training lab and classroom open to the region, which fills a critical need for local and national training facilities and opportunities that provide training through innovative workforce development. Once completed, the project will help increase job training regionally and create employment for graduating high school students throughout the region.
- $166,000, matched by $84,000 in local investment, to the Village of Cazenovia, Cazenovia/Madison County, New York, to support the strategic planning for the Village of Cazenovia following the closure of Cazenovia College in Madison County, New York. The plan will include a comprehensive market analysis, needs assessment, economic feasibility study and marketing strategy. Once completed, the project will be a collaboration with the surrounding regional areas to help create jobs, diversify the local economy, and attract private investments.
- $1,515,000 in one Public Works project, matched by $1,010,000 in local investment, as follows:
- $1,515,000, matched by $1,010,000 in local investment, to Brewton-Parker College/Baron Real Estate Foundation, Inc., Mount Vernon/Montgomery County, Georgia, to support Brewton-Parker College with construction of a new instructional facility to expand the college’s nursing workforce development program and address labor shortages in Mount Vernon. The new facility will provide new structures such as classrooms, computer labs, auditoriums, and simulation labs. The project will offer a Bachelor of Science in Nursing program/degree, which will help the college boost its graduation rate, create jobs in the healthcare sector, and increase access to higher education throughout the region. The grantees estimate that this investment will help create 10 jobs, save 15 jobs, and leverage $1,400,000 in private investment.
- $64,112 in one Local Technical Assistance project, matched by $64,130 in local investment, as follows:
- $64,112, matched by $64,130 in local investment, to the Region 9 Development Corporation, Mankato/Blue Earth County, Minnesota, to support the Region 9 Development Commission and the New Ulm Business Resource and Innovation Center with establishing a new STEM robotics laboratory and primary implementation of a new intersectoral workforce development project across the southcentral (Region Nine) Minnesota. Once completed, the project will help lead to sustainable economic growth and foster collaboration, innovation, and job creation throughout the region.
- $130,000 in two Partnership Planning projects, matched by $130,000 in local investments, to support the development and implementation of a comprehensive economic development strategy (CEDS). The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.
- Northwest Hills COG, Goshen/Litchfield County, CT ($60,000/$60,000)
- New River Valley RC, Radford/Radford County, VA ($70,000/$70,000)