The U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has invested $8.3 million to support economic development projects in three states. The awards are provided through EDA’s Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities.
The EDA investments announced today are:
Aberdeen Development Corporation (Aberdeen, South Dakota). A $3.5 million grant for infrastructure improvements in support of the Aberdeen Industrial Park expansion project.
Yampa Valley Regional Airport (Hayden, Colorado). A $3 million grant to support airport expansion and the development of an aviation business park.
City of Dover (Dover, Ohio). A $1.8 million grant for water infrastructure improvements to support local businesses.
“The Economic Development Administration is committed to providing communities with the resources they need to create jobs and support business expansion, revitalizing America’s competitive spirit,” said Deputy Assistant Secretary and Chief Operating Officer Ben Page, performing the nonexclusive duties and functions of the Assistant Secretary. “These awards will do just that, providing the capital and infrastructure that businesses need to develop, expand, and succeed.”
EDA releases announcements for grants over $1 million. For more information on all EDA awards, please visit eda.gov.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.
Source : eda.gov