U.S. Department of Commerce Invests $144,000 to Create Jobs, Strengthen Economy in Riverbank, California
April 28, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $144,000 grant to the city of Riverbank, Calif., to support strategic planning for the industrial and commercial reuse of the Riverbank Army Ammunition Plant.
"The Economic Development Administration is pleased to partner with the city of Riverbank to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will create a diverse industrial and manufacturing center where entrepreneurship, opportunity, environmental consciousness and local economic growth can thrive."
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.