Congress Passes Funding Bill: ED Programs Funded at Historic Levels
On Friday, March 23, 2018, President Trump signed a $1.3 trillion spending bill into law. With many thanks to the policy team at IEDC and other economic development allies, OEDA is able to share positive news. Several key economic development programs, initially slated for large cuts and/or elimination in the administration’s budget, not only survived, but received near historic funding. Highlights related to the funding of key economic development programs include:
- EDA – received roughly $302 million for fiscal 2018; about $26 million above fiscal 2017
- MEP – received $140 million; $10 million above fiscal 2017
- CDBG – received roughly $3.3 billion; $365 million about fiscal 2017
- TIGER – received $1.5 billion; $1 billion above fiscal 2017
- Rural Business-Cooperative Service – received roughly $77 million; about $12 million above fiscal 2017
- ETA apprenticeship opportunities – received $145 million; $50 million above fiscal 2017
- MBDA – received $39 million; $5 million over fiscal 2017
- ARC – received $155 million; $3 million over fiscal 2017
- Denali Commission – received $30 million; $15 million over fiscal 2017
- DRA – received $25 million; level with fiscal 2017
- Northern Border Regional Commission – received $15 million; $5 million over fiscal 2017
How are these increases possible? Congress voted earlier this year to do away with discretionary spending caps for the next two years and increased budgetary authority for defense and non-defense spending by hundreds of billions of dollars. While Congress has acted on this new authority, many policy experts are cautioning that such spending levels are not sustainable long term and economic developers will need to remain vigilant for future budget “corrections” that could cut funding or eliminate programs.
ROSEVILLE – Nearly a decade of grant-funded projects are transforming the village of Roseville.
Few will have the impact of a the new supermarket building. “It will be the centerpiece of a new downtown,” said Heidi Milner, the village’s fiscal officer.
It is nearing completion on part of the former Ungemach Pottery site on Potters Lane. Construction was funded by $750,000 in grants, the bulk of which was a USDA Rural Development Grant, and local investment. The new building features a grocery store, restaurant space and a walk-up window that could be used for ice cream orders. Garage doors on each side of the dining area will give it a pleasant summer atmosphere, as will a patio behind the building that opens facing the levy.read more
Midway Market in Ostrander is set to double its size and add much-needed services, thanks in part to a loan facilitated by Consolidated Cooperative.
Ostrander’s only convenience store and gas station, Midway Market will double the square footage of the convenience and grocery store and add a car and pet wash.read more
WILMINGTON, OH — The Clinton County Port Authority (CCPA) recently launched a new website, created by Golden Shovel Agency, to further strengthen its online presence and the economic growth of the community. The new site includes county-wide data, information specifically collected for site selectors, and local business resources to serve as a one-stop-shop for companies considering new investment or expansion in Clinton County.read more