NEWS: Delta Regional Authority, state and local partners invest $15 million into Mississippi economyDecember 10, 2015
JACKSON, Miss. – The Delta Regional Authority and its partners are investing more than $15 million in federal, state, and local resources to support small business owners and entrepreneurs, workers and their families by improving economic development, workforce training, and job creation in Mississippi’s Delta region, Delta Regional Authority Federal Co-Chairman Chris Masingill and Governor Phil Bryant announced today.
“The DRA is excited to announce another year of investing into the people, small businesses, and infrastructure that make Mississippi a great place to create jobs, grow businesses, and raise a family,” Chairman Masingill said. “These investments strategically leverage funding for projects that will help to address the infrastructure, training, and public service needs of our Delta communities while driving economic development and growing small businesses and entrepreneurs.”
The seven new investments, including workforce training and infrastructure improvements that support economic development, leverage $1.1 million in DRA resources into $14 million in total public and private investment for Mississippi’s Delta communities, their residents, and their economies.
“This is another example of the dedication that the Delta Regional Authority has for the State of Mississippi and its people,” Governor Phil Bryant said. “These seven investments will continue to further the success the Delta Regional Authority has already seen in the Mississippi Delta, and they continue to be a key partner in strengthening our communities, facilitating job opportunities, and improving infrastructure throughout the state.”
These investments are expected to help create and retain 95 jobs for local residents, train 92 workers for jobs in their communities, and link 515 residents to clean and safe water and sewer services.
The investments are made through the DRA States’ Economic Development Assistance Program, the agency’s main federal funding program that invests in basic public infrastructure, transportation infrastructure, workforce development, and small business and entrepreneurship, and health access projects in the 252 counties and parishes of the eight-state Delta region. DRA coordinates directly with Mississippi’s nine planning and development districts in the region for program funding implementation.
DRA leadership works closely with the governor of each state and his board designee to identify projects to receive SEDAP investments, which are aligned with state economic development goals. These federal investments require a minimal investment of state funds that can bring a large return in DRA and other agency funding and result in a great economic impact for the Delta region of Mississippi.
“Building a stronger job base in Mississippi is a goal that requires sustained effort and determination. These investments, like those in the Port of Greenville or Bay Springs, characterize multiyear efforts to put infrastructure in place to support additional jobs,” U.S. Senator Thad Cochran said. “I look forward to these economic development investments creating new opportunities for Mississippians.”
“Our Delta region and its workforce stand to benefit immensely from this $15 million investment,” U.S. Senator Roger Wicker said. “These seven projects will help increase economic growth and development across the state. In addition to better water infrastructure, job training, and health-care access, Mississippians can look forward to a higher quality of life.”
2015 SEDAP INVESTMENTS
- Moorhead Wellness Center Building, Moorhead (MS-2): Reconstruction and renovation of a downtown building to house a new community wellness center that will address the health issues of chronic obesity and diabetes in the community. DRA Investment: $137,856; Leveraged Public Investment: $5,000.
- Pope Emergency Sewer Project, Pope (MS-2): Emergency project to repair 15 problem areas in the Town of Pope's sewer system and eliminate the raw sewage spilling out into the environment (215 residents to be affected). DRA Investment (total project investment): $152,028.
- Port of Greenville Sewer Improvements, Greenville (MS-2): Connecting five industries that operate at the Port of Greenville to City sewer services (300 residents to be affected). DRA Investment: $149,843; Leveraged Public Investment: $25,000.
- Standard Industrial Facility Expansion, Clarksdale (MS-2): Improvements to the current facility of Standard Industrial—a manufacturer of press brakes, shears, and hydraulic presses—to include an addition to the current facility and improving the truck loading area (25 jobs to be created). DRA Investment: $155,556; Leveraged Public Investment: $1,217,000; Private Capital Investment: $500,000.
- Regional Food Hub Facility Enhancement, Jackson (MS-2, 3): Renovation of a dormant produce distribution facility into a functional, modern food hub to the benefit of specialty crop farmers and consumers throughout central Mississippi (5 jobs to be created). DRA Investment: $315,080; Private Capital Investment: $31,508.
- HCC Employment Skills Training and Placement Assistance, Jackson (MS-2, 3): Preliminary site preparation, environmental assessments, and utility lines installation to modernize and expand workforce training and occupational education programs at Hinds Community College’s Gray-Partridge location (65 jobs to be created and retained, 92 individuals to be trained). DRA Investment: $200,000; Leveraged Public Investment: $10,634,471; Private Capital Investment: $1,759,471.
- Bay Springs Industrial Road Phase II, Bay Springs (MS-3): Continuation of 2014 project to convert residential street into an industrial road. DRA Investment: $23,000; Leveraged Public Investment: $27,000.
About the Delta Regional Authority
The Delta Regional Authority is a federal-state partnership created by Congress in 2000 to help create jobs, build communities, and improve lives through strategic investments in economic development in 252 counties and parishes across eight states. Through the past thirteen investment cycles of the DRA’s States Economic Development Assistance Program, DRA investments have leveraged $2.7 billion in other public and private investment into projects that are helping to create and retain 42,000 jobs, train 13,000 for a 21st century workforce, and provide more than 82,000 families access to clean water and sewer services. Learn more at dra.gov.