U.S. Secretary of Commerce Gary Locke Announces $2.8 Million Investment to Create Jobs, Strengthen Economy in Newberry, Florida
May 28, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 250 Jobs and Generate $45 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2.8 million Economic Development Administration (EDA) grant to the city of Newberry, Fla., to help create jobs and boost private investment by making water infrastructure improvements needed to serve a proposed manufacturing-based industrial park and to attract other business development. The investment comes in the wake of the 2008 storm season and is expected to create 250 jobs and generate $45 million in private investment, according to grantee estimates.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's competitiveness," said Locke. "This grant will help Newberry create jobs and boost private investment by providing the infrastructure needed to expand the manufacturing sector and to attract other businesses and industry."
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.