U.S. Department of Commerce Invests $738,609 to Create Jobs, Strengthen Economy in Long Beach, Mississippi
April 20, 2009
EDA Grant Expected to Create 225 Jobs and Generate $8.5 Million in Private Investment
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $738,609 grant to the city of Long Beach, Miss., to bolster the region's business community by improving the capacity and reliability of the Long Beach municipal water system. The project is expected to create 225 jobs and generate $8.5 million in private investment, according to grantee estimates.
"The Economic Development Administration is pleased to partner with the city of Long Beach to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help restore businesses and attract new development by building improvements to a water system that was severely damaged by Hurricane Katrina."
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.