U.S. Secretary of Commerce Gary Locke Announces $2 Million Investment to Create Jobs, Strengthen Economy in Friendswood, Texas
May 18, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2 million Economic Development Administration (EDA) investment in the city of Friendswood, Texas, to spur economic growth in the continued recovery effort after Hurricane Ike. Friendswood will now be able to develop the Clearwood Business Park by building the water and sewer infrastructure the park needs. The project is expected to create 100 jobs and generate $10 million in private investment, according to grantee estimates.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "The federal grant announced today supports a locally-driven economic-recovery strategy that will help Friendswood build a commercial center that will attract new industry and jobs following the economic adversity wrought by Hurricane Ike."
The Department of Commerce is a voice for Main Street businesses. It focuses on creating jobs by fostering innovation and opening markets to U.S. products. Locke is a member of President Barack Obama's economic team.
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.