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Contact: Public Affairs Department, (202) 482-4085
Friday, September 28, 2012
WASHINGTON - Acting U.S. Commerce Secretary Rebecca Blank today announced six Economic Development Administration (EDA) grants to California totaling $9.9 million. The funding is going to the cities of Garden Grove, Salinas, South Gate, and Visalia, as well as the Los Angeles Department of Water and Power and the University of Southern California, to help expand critical business infrastructure, repair infrastructure damaged by disasters, and develop plans to guide future economic development. The investments are expected to help create or retain 2,400 jobs, according to grantee estimates.
"These $9.9 million in Economic Development Administration investments are examples of the Obama administration's commitment to helping local communities create jobs and strengthen their economic growth and competitiveness," said Acting U.S. Commerce Secretary Rebecca Blank. "The six grants announced today will help California communities attract new businesses, create jobs, and recover from flood damage by rebuilding infrastructure that is vital to the well-being of their local economies."
The investments announced today include:
The Garden Grove, Visalia, and University of Southern California projects are part of a $200 million appropriation made by Congress to EDA to help communities that received a major disaster designation in fiscal year 2011 with long-term economic recovery and infrastructure support.
Within the context of the administration's National Disaster Recovery Framework (PDF) (NDRF), EDA serves as the Coordinating Agency on behalf of the Department of Commerce for the Economic Recovery Support Function (RSF) to coordinate the activities of a diverse group of partner agencies supporting recovery in disaster-impacted communities. The activities consist primarily of improved information sharing and the leveraging of existing resources to make a positive impact for communities affected by disasters.
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.