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Feds to invest in Atlanta’s Pittsburgh Yards project

U.S. Secretary of Commerce Wilbur Ross recently announced that the Department’s Economic Development Administration is awarding $2.9 million in grants to the state of Georgia to make critical infrastructure improvements needed to support local disaster recovery efforts. According to grantee estimates, the projects are expected to spur more than $70 million in private investment.

“The Trump Administration has been diligently working to rebuild American communities in the wake of last year’s natural disasters,” said Secretary of Commerce Wilbur Ross. “These projects will create hundreds of new jobs throughout Georgia, while attracting new businesses.”

The Annie E. Casey Foundation Inc., will receive $1.5 million to help fund infrastructure improvements at the Pittsburgh Yards development in Atlanta. The project will provide a mixture of commercial and light industrial space, including office space, storage, and shared retail store fronts along the Atlanta Beltline. According to grantee estimates, this project is expected to create 270 jobs and generate $20 million in private investment.

The other project is a $1.4 million to upgrade the North Water Pollution Control Plant in the city of Hawksville. The improvements will accommodate new and expanding businesses in the Hawkinsville Highway 247 Industrial and Distribution Park. According to grantee estimates, this project is expected to create 82 jobs and generate $53 million in private investment.

These projects were made possible by regional planning efforts led by the Atlanta Regional Commission and the Middle Georgia Economic Development District. EDA funds the Atlanta Regional Commission and the Middle Georgia Economic Development District to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs.

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In addition, these projects are being funded under the Bipartisan Budget Act of 2018, in which Congress appropriated to EDA $600 million in additional Economic Adjustment Assistance Program funds for disaster relief and recovery as a result of Hurricanes Harvey, Irma, and Maria, wildfires, and other calendar year 2017 natural disasters under the Stafford Act.

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