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Contact: Public Affairs Department, (202) 482-4085
Thursday, July 26, 2012
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $650,000 grant to the city of Sayre, Oklahoma, to make critical infrastructure improvements needed to further develop a local industrial park and attract new businesses and jobs to the region. The project is expected to create 257 new jobs, according to grantee estimates.
"Infrastructure investments are essential to strengthening the long-term economic competitiveness of the United States," said U.S. Acting Assistant Secretary of Commerce for Economic Development Matt Erskine. "By building out Sayre's water system and improving road access to the industrial park, this EDA investment will help to spur business activity and create jobs in Sayre and the surrounding region."
"I am pleased the city of Sayre has been awarded a grant from the Economic Development Administration that will not only improve the city's water and road systems, but also provide economic growth by adding 257 new jobs," said Congressman Frank Lucas. "It is always encouraging when cities in the Third District of Oklahoma receive the resources they need to thrive and be successful."
The EDA funds will be used to upgrade the city of Sayre's water system by installing new water distribution lines and a 138,000 gallon water tank. Other improvements include roadway, curb, and drainage upgrades to a service road that provides access to an industrial park in the city.
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.