EDA announced three investments from November 17-30, 2022, totaling $624,000, which is matched by $156,000 in local investments. These three Economic Adjustment Assistance projects 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, as follows:
$224,000, matched by $56,000 in local investment, to the Tampa Bay Regional Planning Council, Pinellas Park/Pinellas County, Florida, to support the development of a Disaster Recovery Coordinator position to support long-term economic recovery and resiliency activities in the Tampa Bay region. The project will provide resources that will allow small local governments to recover from the devastation of Hurricane Ian and ultimately allow businesses to return and open within Tampa Bay communities, helping ensure retention of jobs and businesses. Once completed, the project will help the region create a more resilient community, which will advance economic resiliency and strengthen the regional economy.
$200,000, matched by $50,000 in local investment, to the Central Florida Regional Planning Council, Bartow/Polk County, Florida, to fund the hiring of a Disaster Recovery Coordinator to support long-term economic recovery and resiliency activities in the central Florida region. The project will help assess the impact of disaster on local businesses and private citizens to determine effectiveness and perception of public response to the disaster. The coordinator will work with local business communities to create a path to recovery and resiliency and assess the past, present, and probable future impact of the disaster on local economies and communities throughout the region. Once completed, the project will create jobs, mitigate the effects of natural disasters, and strengthen the regional economy.
$200,000, matched by $50,000 in local investment, to the Northwest Tennessee Development District, Martin/Weakley County, Tennessee, to support the creation of new Local Disaster Recovery Manager positions within the region to assist in disaster recovery with particular attention to tornado damage that occurred across Lake, Obion, Gibson, Weakley, Henry, and Dyer Counties. These personnel will function to provide technical assistance, grant writing, and project administration services as well as assisting in the coordination of community efforts toward recovery. Once completed, the project will create new job opportunities, attract private investment, and advance economic resiliency throughout the region.