U.S. Commerce Secretary Gary Locke Announces $2.6 Million Investment to Create Jobs, Strengthen Economy in Camden, New Jersey
May 28, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 960 Jobs and Generate $34.5 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2.6 million Economic Development Administration (EDA) grant to the Camden County (NJ) Municipal Utilities Authority to help rehabilitate sewer lines to support the expansion of the Campbell Soup Company Headquarters and the development of the adjacent Gateway Office Park. The project is expected to create 960 jobs and generate $34.5 million in private investment, according to grantee estimates.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's competitiveness," Locke said. "This investment will create new jobs and boost private investment in the region by building the infrastructure needed to support business expansion plans and serve future business needs."
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 key member of President Barack Obama's economic team.
EDA is an agency within the U.S. Commerce Department and 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.