Federal Budget: Funding for Key #EconDev Programs
Federal Budget: The omnibus spending bill passed by Congress in March authorized favorable spending levels for 2018 for federal economic development programs, including:
- Economic Development Agency – 302 million for fiscal 2018; about $26 million above fiscal 2017;
- Manufacturing Extension Program – 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
- Employment and Training Administration apprenticeship opportunities – received $145 million; $50 million above fiscal 2017;
- Minority Business Development Agency – received $39 million; $5 million over fiscal 2017, and
- Appalachian Regional Commission- received $155 million; $3 million over fiscal 2017.
One of the Dayton region’s largest manufacturing companies is planning a massive expansion at one of its local facilities.
Cargill Inc., a Minnesota-based provider of food, agriculture, financial and industrial products and services, will invest $225 million to expand its integrated soybean crush and refined oils facility in Sidney.
The project will create new jobs and further enhance Cargill’s presence in the region.read more
The Montrose Group released A Rural Development White Paper: A Mandate for Transformation timed in conjunction with a forum held in Circleville, Ohio before 100 economic development, business and community leaders focused on rural economic development. A copy of the white paper can be found at https://montrosegroupllc.com/2019/10/rural-development-whitepaper-a-mandate-for-transformation/.read more
URBANA, Ohio – On November 1, students from Urbana High School were announced as the winners of the second annual Champaign County Design Challenge during the county-level competition at Urbana University. The winning team, consisting of Ron Ragland, Bryant McKenzie, Dale Mason, Bryant Chamberlain, and Johnny Moore, are part of Ohio Hi-Point’s Advanced Manufacturing satellite program at Urbana High School.read more