U.S. Commerce Secretary Gary Locke Announces $1.7 Million Grant to Create Jobs, Strengthen Economy in Bath, Maine
June 10, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 300 Jobs and Generate $26 million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.7 million Economic Development Administration (EDA) grant for the city of Bath and town of West Bath, Maine, to construct infrastructure needed to support the expansion of the existing Wing Farm Business Park. The project is expected to create 300 jobs and generate $26 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 grant will put people to work and boost private investment by building the infrastructure needed to expand the business park, provide space for business growth and develop the region's industrial clusters."
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.