Grant

August 26 - 30, 2019

  • EDA announced 24 investments from August 26-30, 2019, totaling $5,052,547, which is matched by $5,388,684 in local investments. These investments include the following: (1) $1,730,877 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; which includes one project for $1,460,877 that will help create 40 jobs and leverage $15,000,000 in private investment; (2) $1,250,000 in one Public Works project to help communities revitalize, expand, and upgrade their physical infrastructure that will help create 360 jobs and leverage $27,000,000 in private investment; (3) $505,000 in five Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process; and (4) $1,546,670 in 13 Technical Assistance University Center projects to make the varied and vast resources of universities available to the economic development practitioner community; and (5) $20,000 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.
    • $1,730,877 in four Economic Adjustment Assistance projects, matched by $1,625,877 in local investment, as follows:
      • $1,460,877 in Assistance to Coal Communities, matched by $1,460,877 in local investment, to the Campbell County Economic Development Corporation, Gillette/Campbell County, Wyoming, to support the Campbell County Economic Development Corporation with the development of an Advanced Carbon Products Innovation Center, to provide a hub for businesses to research and develop products derived from coal. The project will help the region during a significant downturn in the coal industry by constructing a facility to move technology from the lab to commercialization, which will advance the most promising coal-related technologies being developed at the University of Wyoming’s School of Energy Resources. Completion of the project will lead to job creation and serve as a catalyst for economic development in the region. The grantee estimates that this investment will help create 40 jobs and leverage $15,000,000 in private investment.
      • $140,000 in 2018 Disaster Supplemental funds, matched by $35,000 in local investment, to the City of Kellogg and the Idaho Department of Environmental Quality, Kellogg/Shoshone County, Idaho, to fund an economic analysis to determine the best and most efficient use of land parcels for redevelopment in the city of Kellogg. The investment will help regional planners explore opportunities to establish a framework to enhance community resiliency in the aftermath of future disasters. Once completed, the project will protect existing jobs and create workforce opportunities to drive economic growth throughout the region.
      • $80,000 in Assistance to Coal Communities, matched by $80,000 in local investment, to the Southeastern Montana Development Corporation, Colstrip/Rosebud County, Montana, to support the Southeastern Montana Development Corporation with developing a study and development plan for a business innovation center and a potential commercial or industrial building in Colstrip, Montana. The project will help address the local and regional need for developing buildings into businesses in the downtown corridor, which will support job retention, create new opportunities and attract private investments to an area that has been impacted by the decline in the coal industry.
      • $50,000 in Assistance to Coal Communities, matched by $50,000 in local investment, to the Southeastern Montana Development Corporation, Colstrip/Rosebud County, Montana, to support the Southeastern Montana Development Corporation with hiring a consultant to conduct a study to determine the most optimum site for development of an energy industrial park in Colstrip, Montana. The project will allow the community to address the severe economic dislocations that the area will experience in response to the shutdown of properties within the Colstrip area, which is anticipated to result in the loss of several high paid, highly skilled coal-industry jobs. Once completed, the project will support job retention, create new opportunities and attract private investments to the area.
    • $1,250,000 in one Public Works project, matched by $1,250,000 in local investment, to Missouri State University, Springfield/Greene County, Missouri, to fund the expansion of the eFactory Incubator at Missouri State University in Green County. The renovations include creating technology commercialization infrastructure to provide new industrial innovation and workforce development within a designated Opportunity Zone. Once completed, the project will assist the community by developing new job opportunities to diversify and strengthen the regional economy. The grantee estimates that this investment will help create 360 jobs and leverage $27,000,000 in private investment.
    • $505,000 in five Partnership Planning projects, matched by $481,667 in local investment, to support the development and implementation of the Comprehensive Economic Development Strategy (CEDS) process. 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.
    • $1,546,670 in 13 Technical Assistance University Center projects, matched by $2,011,140 in local investment, to support a five-year University Center (UC) program, which is a competitively-based partnership between EDA and academic institutions that makes the varied and vast resources of universities available to the economic development practitioner community.
    • $20,000 in one Local Technical Assistance project, matched by $20,000 in local investment, to strengthen the capacity of local or state organizations and institutions to undertake and promote effective economic development programs through projects such as feasibility studies, impact analyses, disaster resiliency plans, and project planning.