November 11, 2019

EDA: $7 Million Invested to Support Critical Infrastructure and Workforce Training Efforts in West Virginia

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing more than $7 million in the state of West Virginia to develop infrastructure needed for business growth and workforce training programs.

The grants, some of which are located in or are near Tax Cuts and Jobs Act designated Opportunity Zone or funded under the Assistance to Coal Communities (ACC) initiative, will be matched with $4.4 million in local, state, and other federal funding. These grants are expected to help create or retain more than 1,200 jobs, and spur $380 million in private investment.

“President Trump promised to end the war on coal and to support Americans living in coal communities, and the Department of Commerce is helping make good on that promise,” said Secretary of Commerce Wilbur Ross. “These grants will create new jobs and industries in West Virginia, in addition to supporting a new $360 million investment in the state’s coal industry.”

“We are pleased to work closely with West Virginia’s Governor, Senators, and Representatives to support local-devised strategies aimed at driving private investment to the state,” said U.S. Assistant Secretary of Commerce for Economic Development Dr. John Fleming. “We congratulate our grantees on their focus and commitment to strengthening their communities.”

“We are extremely glad that the U.S. Economic Development Administration has made $7 million available to assist us in our on-going improvements to infrastructure and workforce training facilities throughout West Virginia,” said Governor Jim Justice. “This assistance from the EDA will help to retain and create hundreds of jobs while attracting significant business investments from the private sector.”

“I am glad to see that the Economic Development Administration (EDA) is supporting West Virginia by investing in our regional economies and infrastructure which is essential to creating good paying jobs, boosting economic development and improving the lives of all residents and businesses across West Virginia,” said Senator Manchin. “I truly believe West Virginians are the most dedicated and hardworking individuals and through these investments that create jobs, our people will be able to prove it. As a member of the Senate Appropriations Committee, I will continue to fight for federal funding that strengthens and diversifies our economy, and supports West Virginians and their goals.”

“Improving our economy, revitalizing communities, and creating opportunities for West Virginians has been a top priority of mine since day one,” said Senator Capito, a member of the Senate Appropriations Committee and chairman of the Senate EPW Transportation and Infrastructure subcommittee. “That’s exactly why after just two months of being a United States Senator, I made it a priority to meet directly with EDA leadership to encourage them to invest in West Virginia—specifically focusing on projects that spur economic growth. My position on the Senate Appropriations Committee and my chairmanship on the EPW Transportation and Infrastructure subcommittee have allowed me the opportunity to deliver real and tangible results for West Virginians, and today’s announcement is a perfect example of this. I’m proud to have Assistant Secretary Dr. Fleming with me today in West Virginia to announce this important funding that will provide much-needed support to projects in every corner of West Virginia, and I look forward to continuing our efforts together to make West Virginia the best place to live and work.”

“I am very pleased that West Virginia is receiving over $7 million in grants to support workforce development and infrastructure projects,” said Congressman Alex X. Mooney (WV-02). “These grants are critically important and will bring much needed economic development opportunities to communities across West Virginia. I will continue to work with the Trump Administration to ensure West Virginia has access to this federal funding.”

“This funding will dramatically help our community grow after the last Administration’s,‘War on Coal,’” said Congresswoman Miller. “Thank you, President Trump, for making our state a priority by providing crucial resources needed to build up our infrastructure, create new jobs, and bring more private investment into Southern West Virginia.”

The EDA investments announced today are:

The EDA grants for the town of Capon Bridge and the Business Development Corporation of the Northern Panhandle are being invested in designated Opportunity Zones. The EDA grants for the West Virginia Coalition for Technology Based Economic Development and the Eastern Panhandle Regional Planning and Development Council will serve nearby Opportunity Zones.

Opportunity Zones were created by President Donald J. Trump’s Tax Cuts and Jobs Act of 2017 to spur economic development by giving tax incentives to investors in economically-distressed communities nationwide. In June 2019, EDA added Opportunity Zones as an Investment Priority, which increases the number of catalytic Opportunity Zone-related projects that EDA can fund to fuel greater public investment in these areas. To learn more about the Opportunity Zone program, see the Treasury Department resources page here. To learn more about the Commerce Department’s work in Opportunity Zones, please visit EDA’s Opportunity Zones webpage.

The city of Philippi, Pocahontas Public Service District, West Virginia Coalition for Technology Based Economic Development, Putnam Public Service District, and Marshall University Research Corporation projects are funded under the ACC initiative, through which EDA awards funds on a competitive basis to assist communities severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development, and re-employment opportunities.

About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

This post was originally published here.