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Contacts: John Atwood, (202) 482-4085
Wednesday, September 5, 2012
WASHINGTON - Acting U.S. Commerce Secretary Rebecca Blank today announced a $1.2 million Economic Development Administration (EDA) grant to the city of Kendleton, Texas, to make critical infrastructure improvements needed to attract new businesses and jobs to the region. The project is expected to help retain 10 jobs, create 80 new jobs, and leverage $8 million in private investment, according to grantee estimates.
"This $1.2 million EDA investment in Texas is an example of the Obama administration's commitment to supporting business expansion and job creation in rural communities," said Acting U.S. Commerce Secretary Blank. "The grant announced today will provide critical transportation and utility infrastructure needed to grow the economy in both Kendleton and surrounding Fort Bend County."
The EDA investment will make roadway, drainage system, and water and sewer line improvements to support the Kendleton Logistics Center and Commercial Business Park. According to the grantee, the improvements are critically needed to initially attract five private companies that are ready to create new job opportunities for Kendleton and communities situated in West Fort Bend County as well as those communities situated in nearby Brazoria, Matagorda, and Wharton counties.
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.