Manchin and Capito announce $10M in funding
CHARLESTON — U.S. Senators Joe Manchin, D-W.Va., and Shelley Moore Capito, R-W.Va., members of the Senate Appropriations Committee, on Monday announced $10.1 million from the U.S. Economic Development Administration (EDA) to protect downtown businesses from flooding, spur growth in a critical industry sector, boost workforce training efforts, and provide critical infrastructure needed to support business growth.
This funding will create and retain more than 2,500 jobs and spur $69 million in private investment into West Virginia.
“The EDA has invested over $50 million into the Mountain State in the past five years alone, and without their support for our state and our people, our economy and businesses would be a lot worse for wear,” said Senator Manchin. “Today’s project announcements highlight the great work being done across our state and in various sectors, from manufacturing to natural disaster preparedness. These projects are projected to create and retain over 2,500 jobs for West Virginians across our state. I am very proud of our state for showing that when you give West Virginians a chance, we will always show you how hardworking we are and we deserve the same chances as any other state to prove ourselves. I look forward to seeing these projects completed in the upcoming months and years and will continue to work with the EDA and West Virginia organizations to bring economic development funding to our state.”
“Improving our economy, revitalizing communities, and creating opportunities for West Virginians has been a top priority of mine since day one,” said Senator Capito, chairman of the Senate EPW Transportation and Infrastructure subcommittee. “The EDA has been a tremendous partner as I’ve worked to make this a reality in West Virginia, and today’s grant announcements are welcome news as we continue our work together to provide needed support to projects across the state. Since 2015 when I first came to the Senate, I’ve prioritized increasing EDA funding for projects in our state that specifically spur economic development. Through my committee placements and strong partnership with EDA, we’ve been successful in increasing West Virginia’s EDA funding 770 percent. I’m thrilled to have EDA here in West Virginia today for this exciting announcement, and I look forward to continuing these efforts in the years to come.”
Individual EDA funded projects can be found below:
∫ Huntington Stormwater Utility, Huntington, West Virginia, will receive $5.2 million to protect the downtown business district from future catastrophic flood events by repairing structural damage to the Huntington Floodwall that occurred as a result of severe storms and flooding, and conduct a feasibility study and design process for the further stabilization of rerouting the sewer and storm drain systems. The project, to be located in an Opportunity Zone, will be matched with $1.3 million in local funds and is expected to retain 750 jobs.
∫ Benedum Airport Authority, Bridgeport, West Virginia, will receive a $2 million grant to renovate airport facilities to support the growth of the region’s critical aerospace sector. The project, to be matched with $499,000 in local funds, is expected to create 150 jobs, retain 400 jobs, and generate $35 million in private investment.
∫ Coalfield Development Corporation, Wayne, West Virginia, will receive a $1.7 million grant to rehabilitate three buildings in downtown Matewan to establish the Pathfinder Center, a job-creation hub and training facility. The project will enable Coalfield to continue to provide education, training, and jobs to unemployed and underemployed people in the region, particularly out-of-work coal miners and others impacted by the reduction of coal production. The project, to be matched with $437,000 in local funds, is expected to create 110 jobs, retain 90 jobs, and generate $6 million in private investment.
∫ The Putnam Public Service District, Scott Depot, West Virginia, will receive a $1.2 million grant to upgrade the community’s water capacity to serve area commercial and industrial customers. The EDA grant, to be matched with $1.2 million in local funds, is expected to create 220 jobs, retain more than 780 jobs, and generate $28.4 million in private investment.