January 19 - 25, 2024
EDA announced 5 investments from January 19-25, 2024, totaling $7,739,122, which is matched by $2,409,748 in local investments. These investments include the following:
(1) $1,048,289 in 2 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 that will help create jobs and leverage $1,048,289 in private investments.
(2) $6,690,833 in 3 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 help create jobs and leverage $1,361,459 in private investments.
- $1,048,289 in two Economic Adjustment Assistance projects, matched by $1,048,289 in local investments, as follows:
- $159,500, matched by $159,500 in local investments, to the city of Henderson, Henderson/Clark County, Navada, to support with conducting a city-level Target Industry Analysis of the city’s economic strengths and existing industry clusters that will provide strategic recommendations for target industries and subsectors for long-term strategic planning. Once implemented, the plan will help enhance future economic sustainability, strengthen the regional economy, and bolster economic resiliency throughout the region.
- $888,789, matched by $888,789 in local investments, to city of King Cove, Anchorage/Aleutians East Borough, Alaska, to support with making critical infrastructure improvements needed to support the fisheries industry in Aleutians East Borough, Alaska. The project will provide a new mobile boat hoist necessary to increase capacity in the region, which will help enhance future economic sustainability and strengthen the regional economy.
- $6,690,833 in three 2023 Disaster Supplemental projects, matched by $1,361,459 in local investments, as follows:
- $1,245,000 to the Shoalwater Bay Indian Tribe, Tokeland/Pacific County, Washington, to support with preparing local infrastructure for natural disasters by developing a Master Community Relocation Plan to move Tribal facilities away from potential natural disaster conditions and ensure the Tribe’s economic stability in Tokeland, Washington. Once completed, the project will lay the groundwork for long-term economic vitality and sustainable economic growth, which will advance economic resiliency throughout the region.
- $2,345,833, matched by $586,459 in local investments, to the Port of Port Townsend, Port Townsend/Jefferson County, Washington, to support with the acquisition of critical maritime infrastructure needed to modernize, sustain, and grow port operations in Jefferson County, Washington. The project work includes the acquisition of a new, variable-width boat hoist with a 300-ton capacity to replace an existing, antiquated piece of machinery in use at the port’s boatyard. Once completed, the project will help generate an environment that can serve as a catalyst for unprecedented regional economic growth, which will create new opportunities for employment and support business development throughout the region. The grantee estimates that this investment will help create or save 171 jobs and leverage $12 million in private investment.
- $3,100,000, matched by $775,000 in local investments, to the Sewerage District No. 1 of Iberia Parish, New Iberia/Iberia Parish, Louisiana, to support with making wastewater infrastructure improvements to support business and research growth in the Acadiana region. The project work includes the design and construction of a new sewer lift station and force main line as well as replacing two existing pumps at the Acadiana Regional Airport (ARA) main station in Iberia Parish. Also, the installation of a new, duplex sewer lift station housed inside of a climate-controlled building enclosure, capable of handling approximately 900,000 gallons per day from the facility, a new force main line connecting the new lift station to the existing main station, installation of a generator at the new lift station for backup power, replacement of the existing two pumps and panel at the ARA main station, and associated appurtenances. Once completed, the project will lay the groundwork for long-term economic vitality and advance economic resiliency throughout the region.