U.S. Commerce Secretary Gary Locke Announces $1.875 Million Investment to Create Jobs, Strengthen Economy in Fort Pierre, South Dakota
June 24, 2009
Contact: Bryan Borlik, (202) 482-4085
Grant Expected to Create 15 Jobs and Generate $1.4 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.875 million Economic Development Administration (EDA) grant to the city of Fort Pierre, S.D., and the Central South Dakota Enhancement District of Pierre, S.D. The investment will help build a storm run-off drainage ditch system that will extend the Fort Pierre Recreational Trail to the Missouri River. The project is expected to create 15 jobs and generate $1.4 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. "This grant will help protect Fort Pierre businesses from future flooding, greatly reducing future losses and economic disruptions while attracting private investment 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. 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.