Lee Shirey EUP FEDERAL SUMMIT
EDA’s MISSON What EDA’s Mission Means to You Promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. 2
EDA’s Chicago Region Illinois Indiana Michigan Minnesota Ohio Wisconsin 3
EDA PROGRAMS Planning Assistance Short-Term Planning Partnership Planning Local Technical Assistance Industry cluster strategies Implementation of targeted strategies Pilot programming for a limited time 4
EDA PROGRAMS Public Works Assistance Construction of economic development infrastructure and facilities. Economic Adjustment Assistance To assist region’s suffering from a natural or economic disaster Assistance EDA offers under its other regular programs is available under Economic Adjustment Strategy or Implementation 5
EDA Programs Other Programs Regional Innovation Strategies I6 Challenge Innovation Parks Seed Capital Investing In Manufacturing Community Partnerships 6
EDA INVESTMENT PRIORITIES EDA’s Investment Priorities Collaborative Regional Innovation Public Private Partnerships National Strategic Priorities Global Competitiveness Environmentally-Sustainable Development Economically Distressed and Underserved Communities 7
EDA INVESTMENT PRIORITIES Collaborative Regional Innovation Collaboration among urban, suburban and rural areas Innovation clusters based on existing regional competitive strengths Support the growth of existing and emerging industries 8
EDA’S INVESTMENT PRIORITIES Public/Private Partnerships Use of both public and private sector resources Leverages investments by other government/public entities and/or non- profits 9
EDA’S INVESTMENT PRIORITIES National Strategic Priorities Manufacturing Expansion/Job growth: Advanced, Sustainable, and Supply Chains Economic Resiliency Coal Impacted Communities Urban Waters Information Technology Infrastructure Automotive Industry Restructuring Workforce Development Innovations in Science & Health Care Science & Research Parks Technology Transfer/Commercialization Access to Capital for SME’s and Ethnically Diverse Enterprises 10
EDA’S INVESTMENT PRIORITIES Global Competitiveness Support high-growth businesses Support innovation-based entrepreneurs To expand and compete in global markets Exporting Foreign Direct Investment Repatriation of Jobs 11
EDA’S INVESTMENT PRIORITIES Environmentally- Sustainable Development Encourage best practices in “ environmentally sustainable development” Enhance environmental quality and develop and implement green products, processes and buildings 12
EDA’S INVESTMENT PRIORITIES Underserved Communities Strengthen diverse communities that have suffered disproportionate losses Rebuilding to become more competitive in the global economy 13
14
Public Works Funded Projects Michigan Tech Enterprise Corporation MTEC SmartZone • Funded under Public Works in 2008, EDA Grant $3 million • business/technology incubator • LEED Certified & SmartZone • Estimated to create 350 jobs and leverage $5 million in private investment 15
Public Works Funded Projects Beaver Creek-Grayling Township Utility Authority • Funded in 2016, EDA Grant $3.2 million • construction of a water distribution system. • ARAUCO-Grayling Particleboard Plant will be the largest ‘continuous’ single -line particleboard press in North America • Estimated to create 279 jobs and leverage $325 million in private investment 16
Public Works Funded Projects Lakewood Wastewater Authority Funded under Public Works in 2012 • • Wastewater Treatment Plant Industrial Capacity Expansion. • EDA grant $2.1M and TPC of $4.2M • The region is heavily involved in food processing. • Project ROI: $92M and the creation of 160 new jobs 17
Public Works Funded Projects Kettering University Funded in 2016 • • EDA grant $1.9 million • 19-acre autonomous vehicle test track and research facility. • Project ROI: $2M and the creation of 15 new jobs • Former Brownfield site “Chevy in the Hole” 18
Public Works Funded Projects City of Sault Ste. Marie • Funded under Public Works in 2010 • Renovation and LEED certification of the Soo Industrial Incubator • Construction and LEED certification of a new 15,000 sq.ft. Soo Breeder Building- Technology Accelerator • EDA grant $1.325 million and TPC of $2.650 • Leverages the LSSU Prototype Development Center. • Project ROI over 6 years is $3M and the creation of 55 jobs 19
Public Works Funded Projects Muskegon Community College • Construct Muskegon Community College’s Applied Technology Center. • Funded in 2015 • Renovation of the Chronicle Newspaper Building in Downtown Muskegon a 75,000 sq. ft. facility. • Services include applied technology certifications, entrepreneurial programming, experiential programming, and workforce training space to support the region's manufacturing base. • EDA grant $2.5 million • Project ROI: $15M in private investment, creation of 246 jobs 20
Economic Adjustment Assistance Funded Projects EAA Non-Construction City of Wixom Economic Recovery Strategy • Funded under EA-NC in 2012 • Address Impacts Ford Plant Closure • $87,375 EDA Grant Michigan State University- Regional Innovation Exporting Infrastructure. • EUPRP, EMCOG & St. Clair • Funded under EA-NC in 2011 & 2013 • $330,000 EDA Investment • Bi-National Conference and Partnerships Ann Arbor Spark • Funded in 2011 • $250,000 EDA Grant • Program support for Business Acceleration Services 21
Economic Adjustment Assistance Funded Projects EAA Non-Construction Detroit Economic Growth Corporation & City of Detroit • Funded in 2016, 3-year project • Re-Industrialization Team • $910,000 EDA Grant Huron County EDC • Funded in 2016, DTE Plant Closure • Makerspace Feasibility Study • $50,000 EDA Grant City of Pontiac • Funded in 2014 • Economic Recovery Strategy • $79,000 EDA Grant 22
Economic Adjustment Assistance Funded Projects EAA Construction Village of L’anse • US-41 Industrial Park Development • Funded in 2014 • $1.3M EDA Grant • Support for rural capacity • ROI: 84 jobs and $4.0 million in private investment City of Detroit • I-94 Industrial Park Georgia Street Expansion • Funded in 2016 • EDA Grant $3.2 million • Supports Detroit efforts to bring automotive manufacturing back to Detroit. • ROI: 650 jobs and $115.0 million in private investment 23
Economic Adjustment Assistance Funded Projects EAA Construction Oscoda-Wurtsmith Airport Authority • Apron Improvements to assist hanger development. • Funded in 2008 • $2.6M EDA Grant, TPC $3.5M • Kalitta Air built a hanger resulted in over $2M investment and 200 jobs. Additional Expansion. City of Clare • Funded in 2013 • EDA Grant $2.7 & TPC $4.4 • 60 Acre Industrial Park & Water Tower • ROI: 20 Jobs & $1M, Additional Buyers 24
Local Technical Assistance Funded Projects Technical Assistance Northeast Michigan Council of Governments • Wood Corridor Cluster Analysis • Funded in 2012 • $34,000 EDA Grant, TPC $68,000 • Analyzed opportunities to enhance the wood production throughout the region. Lawrence Technological University • Feasibility Study for the development of SE Michigan Center for Innovation and Entrepreneurship • Funded in 2012 • EDA Grant $70,000 & TPC $146,000 University Center Program • Michigan State University & UofM-Flint • Funded in 2016 • Regional Economic Asset 25
Local Technical Assistance Funded Projects Technical Assistance Central Upper Peninsula Planning and Development • Generating Economic Development • Funded in 2014 • $51,000 EDA Grant • feasibility of implementing affordable and alternative energy solutions in government owned industrial parks in MI’s UP to facilitate competitiveness. West MI Shoreline RDC • Muskegon Port Study • Funded in 2015 • EDA Grant $62,5000 • Eastern Upper Peninsula RPDC • Transportation Logistics Study • Funded in 2016 • EDA Grant $25,000 26
Planning Assistance Funded Projects Short Term Planning I69 Trade Corridor & Genesee Area Focus Fund • Development of a CEDS for Shiawassee, Genesee, Lapeer and St. Clair Counties. • Funded in 2013 • $70,000 EDA Grant, TPC $140,000 Baraga County & Western Upper Peninsula • County Specific ED Strategy • Funded in 2013 • EDA Grant $35,000 & TPC $50,000 • District Led Initiative. Partnership Planning Program. • EDA funds 13 EDDs across the State of Michigan 27
28
ELIGIBILITY Eligible Applicant? State, Local and Special Purpose Units of Local Government Institutions of Higher Education Non-Profits (in cooperation with a unit of local government) 29
ELIGIBILITY Area Eligible? High Unemployment 24 month unemployment rate for the region must be greater than 1% of the National Average Low Per Capita Income The PCI for the region must be less than 80% of the National Average. Special Needs Sudden and severe unemployment event Natural disaster 30
Recommend
More recommend
