U.S. Department of Commerce Invests $1.5 Million in Stone County Medical Center Expansion
March 20, 2009
Contact: Bryan Borlik, (202) 482-4085
Federal Grant Expected to Create 18 Jobs and Generate $500,000 in Private Money
The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $1.5 million grant to White River Health System Inc., of Mountain View, Ark., to create higher-skill, higher-wage jobs by building additional clinical space at the Stone County Medical Center hospital.
"The Economic Development Administration is pleased to partner with White River Health System Inc. to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant is expected to attract $500,000 in private investment and create 18 jobs for local citizens."
EDA supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy.
Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.