U.S. Department of Commerce Announces $950,000 to Create Jobs, Strengthen Economy in Hutchinson, Minnesota
August 5, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 600 Jobs and Generate $40 million in Private Investment
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $950,000 grant to the city of Hutchinson, Minn., to help build the new Hutchinson Industrial Park.
"The Economic Development Administration is pleased to partner with Hutchinson to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help build an industrial park that will work to expand the regions high-tech manufacturing cluster and is expected to create 600 jobs and generate $40 million in private investment."
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.