U.S. Secretary of Commerce Gary Locke Announces $1 million Investment to Create Jobs, Strengthen Economy in El Dorado, Kansas
May 21, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 80 Jobs and Generate $34 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1 million Economic Development Administration (EDA) investment in the city of El Dorado, Kan., to make water, roadway and rail infrastructure improvements in support of the city-owned industrial park. The project is expected to create 80 jobs and generate $34 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 investment announced today supports a locally-driven economic-recovery strategy that will allow BG Products, a local automotive fluids manufacturer, to expand their operations, while helping El Dorado attract other businesses and jobs."
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.
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.