U.S. Department of Commerce Invests $354,750 to Create Jobs, Strengthen Economy in Springfield, South Dakota
June 18, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Retain 80 Jobs
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $354,750 grant to the city of Springfield, S.D., and the Planning & Development District III of Yankton, S.D., for a storm water drainage system that will protect businesses from future flooding, greatly reducing business losses and economic disruptions. The project is expected to save 80 jobs, according to grantee estimates.
"The Economic Development Administration is pleased to partner with the city of Springfield and the Planning & Development District III to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help retain jobs and protect Springfield's business district by preventing future flood damage."
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.