Grant

February 15 - 21, 2019

  • EDA announced 24 investments from February 15-21, 2019, totaling $8,208,000. These investments include the following: (1) $3,800,000 in two Public Works projects to help communities revitalize, expand, and upgrade their physical infrastructure, which includes one project for $3,000,000 that will help create 1,354 jobs, save 84 jobs, and leverage $76 million in private investment; (2) $575,000 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, which includes one project that will help leverage $50,000 in private investment, and (3) $3,833,000 in 20 Partnership Planning projects Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.
    • $3,800,000 in two Public Works projects as follows:
      • $3,000,000 to the Philadelphia Authority for Industrial Development, Philadelphia/ Philadelphia County, Pennsylvania, to support the reconstruction of the main entryway road to the Philadelphia Navy Yards to improve access and ease the current traffic. The Navy Yard has become home to large international corporations as well as start-ups so the improvements will assist with housing more manufacturing and entrepreneurial companies, which will bring a greater workforce into the area and support continued economic growth. The grantee estimates that this investment will help create 1,354 jobs, save 84 jobs, and leverage $76 million in private investment.
      • $800,000 to the Town of Tabor City, Tabor City/Columbus County, North Carolina, to fund the renovation of a building to establish a business incubator in the Town of Tabor City. The incubator will support resilience and economic recovery by allowing new businesses to grow and existing business severely impacted by natural disasters to start over, which will lead to more employment opportunities and long-term economic development.
    • $575,000 in two Economic Adjustment Assistance projects as follows:
      • $375,000 to the East Texas Economic Development District, Kilgore/Gregg County, Texas, to support the East Texas Council of Governments with the development of a regional broadband strategic plan for 14 counties in East Texas. The plan will help identify existing gaps in broadband access across the region to assist in providing full regional connectivity. In addition, this investment will help the region capitalize on its strengths and opportunities related to long-term economic development, create or enhance an environment that is conducive to job growth, and improve infrastructure and overall community development to improve the quality of life.
      • $200,000 in 2018 Disaster Supplemental funding to 3CORE, Inc., Chico/Butte County, California, to fund a regional disaster coordinator to assist small businesses in California’s Tri-County 3CORE district with recovering from the 2017 natural disasters. This investment will enable the region to enhance economic resilience efforts in support of faster recovery from future disasters which will result in less job lost, business closures, lost revenues, workforce and population. The project will help the region become more economically resilient in the face of future disasters and spur business and social redevelopment in the region. The grantee estimates that this investment will help leverage $50,000 in private investment.
    • $3,833,000 in 20 Partnership Planning projects 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.