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Contact: John Atwood, 202-482-4085
Tuesday, April 17, 2012
WASHINGTON - U.S. Commerce Secretary John Bryson today announced a $1.5 million Economic Development Administration (EDA) grant to the city of Taunton, Massachusetts, to make critical infrastructure improvements needed to support a Life Sciences Center at the Myles Standish Industrial Park. The investment is expected to create 35 new jobs and generate $1.6 million in private investment, according to grantee estimates.
"This $1.5 million EDA investment in Taunton is a shining example of the Obama Administration's commitment to supporting a 21st century infrastructure," Bryson said. "The grant announced today will provide resources to Massachusetts that will enable the Myles Standish Industrial Park to create jobs in the growing life sciences sector and attract other investment to the region, both critical elements of an economy that is built to last."
The EDA investment will fund the design, engineering, and construction of new access roads and the installation of utility services, including gas, water and sewer, electric, telephone, and fiber optic lines. This infrastructure will enable the industrial park to develop 36 acres of vacant land.
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 makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.