Grant

July 5 - 12, 2019

  • EDA announced 27 investments from July 5-12, 2019, totaling $8,240,088, which is matched by $16,174,355.11 in local investments. These investments include the following: (1) $4,512,388 in three 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 720 jobs, save 5 jobs, and leverage $430,000,000 in private investment; (2) $2,086,000 in 10 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process; and (3) $1,641,700 in 14 Technical Assistance University Center projects to make the varied and vast resources of universities available to the economic development practitioner community.
    • $4,512,388 in three Economic Adjustment Assistance projects as follows:
      • $2,765,450 in 2018 Disaster Supplemental Funding, matched by $11,789,550 in local investment, to the city of Dayton, Dayton/Rhea County, Tennessee, to fund upgrades to the Dayton Wastewater Treatment Plant to protect businesses from future flood events and enhance the resiliency of critical infrastructure in in Dayton, Tennessee. This project will support expansion plans of various local industries, which will help strengthen and enhance diversification in the region, boost new commercial and industrial development, and create jobs. The grantee estimates that this investment will help create 660 jobs and leverage $415,000,000 in private investment.
      • $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 construction of a new Advanced Carbon Products Innovation Center in Campbell County. The center will provide a place for entrepreneurs to research new coal products, develop new industries, create jobs, and spur new business growth in the Powder River Basin region of Wyoming. The grantee estimates that this investment will help create 40 jobs and leverage $15 million in private investment.
      • $286,061, in 2018 Disaster Supplemental funding, matched by $121,000 in local investment, to the Ozark Vitality, Inc. (co-applicants--the Greater Poplar Bluff Area Chamber of Commerce, the Taum Sauk Fund, and Carter County), Doniphan/Ripley County, Missouri, to fund the development of the Ozark Tourism Cluster, which includes film producers, film makers, graphic designers and artists to train local artisans on digital technology. The project will help build the digital content cluster and tourism industry, where many businesses are experiencing a gap in employment after severe flooding took place in Carter and Ripley Counties, Missouri. Once completed, the economic impact will improve job skills in the area, which will strengthen and enhance the region’s workforce. The grantees estimate that this investment will help create 20 jobs and save 5 jobs.
    • $2,086,000 10 Partnership Planning projects, matched by $1,224,167 in local investments, 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.
    • $1,641,700 in 14 Technical Assistance University Center projects, matched by $1,578,761.11 in local investments, to support the third year of 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.