Federal Funding Will Help Create 248 Jobs and Save 600 Jobs in Waseca County
WASHINGTON, D.C. [12/13/2019]—U.S. Senator Tina Smith (D-Minn.) announced that the U.S. Economic Development Administration (EDA) is investing nearly $600,000 in two projects to strengthen Waseca’s regional economy, establish a resilient workforce, and create jobs.
The EDA is investing $395,820 to hire an economic recovery coordinator to create a three-year strategic plan that will help economic recovery efforts from the impact of Quad/Graphics’ closure in 2017. The EDA is also investing $203,754 to fund a study to help Region Nine Development Commission determine the viability of a new Waseca Area Manufacturing Resource Center. Together, these two projects are anticipated to create 248 jobs and save 600 jobs.
“I feel so inspired by the spirit, resilience and ingenuity of people I’ve met in small towns and communities across Minnesota during my rural economy tour,” said Sen. Smith. “But at the same time I recognize that many areas are facing economic hardship, where folks feel like they’re hanging on by their financial fingertips as they struggle to get by. These EDA grants will provide Waseca with the resources they need to take a step back, assess where they’re at, and determine what they can do to restore economic prosperity. We must do everything we can to create economic opportunity for everyone.”
You can read full descriptions of the grants here.
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds. You can access more information on EDA’s grant process and investment process can be found at www.eda.gov.