Grant

February 1 - 7, 2019

  • 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.