U.S. Commerce Secretary Gary Locke Announces $4 Million Grant to Create Jobs, Strengthen Economy in Lufkin, Texas
August 12, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 175 Jobs
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $4 million Economic Development Administration (EDA) grant to the city of Lufkin, Texas to boost economic recovery from Hurricane Ike by building infrastructure to support a 160-acre industrial site. The project is expected to create 175 jobs, according to grantee estimates.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This EDA grant will help Lufkin develop an industrial site that will bring new businesses and jobs to the region in the wake of Hurricane Ike."
The Department of Commerce is a voice for Main Street businesses that works to grow local economies by fostering innovation and opening markets to U.S. products and services. Locke is a 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.