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Contact: John Atwood, (202) 482-4085
Friday, August 31, 2012
WASHINGTON - Acting U.S. Commerce Secretary Rebecca Blank today announced four Economic Development Administration (EDA) grants totaling $3.2 million to build critical infrastructure, support workforce training programs, and facilitate disaster recovery efforts in Tennessee. According to grantee estimates, the projects will together create 786 jobs and attract $373 million in private investment.
"These $3.2 million in EDA investments in Tennessee are examples of the Obama administration's commitment to efforts that support long-term economic growth," said Acting U.S. Commerce Secretary Blank. "The grants announced today will help Tennessee build critical infrastructure, support natural disaster recovery, and provide training for American workers, all of which create jobs and boost the state's economy."
The investments announced today include:
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.