U.S. Commerce Secretary Locke Announces $1.6 Million Recovery Act Grant To Create Jobs, Boost Development in Canton, Illinois
August 17, 2009
Contact: John B. Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.6 million Economic Development Administration (EDA) grant to the city of Canton, Ill., to help build a bio-medical manufacturing and business park. The project, made possible by the American Recovery and Reinvestment Act of 2009 (ARRA), is expected to create additional jobs and generate private investment in the region.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will help diversify the Canton area's economy and create new higher-skilled, higher-wage jobs in the bio-medical sector."
"This project will enhance Canton's ability to attract new investment and foster economic expansion," U.S. Sen. Dick Durbin said. "Today's Recovery Act funding will accelerate the construction of the business park while creating good paying jobs within the community."
"This grant is tremendous news for Canton and the surrounding region," U.S. Rep. Phil Hare said. "Building a bio-medical manufacturing and business park will create up to 300 jobs and provide a much needed boost to the local economy. Projects like these are exactly why I supported the stimulus package."
The Recovery Act was signed into law by President Obama on February 17, 2009. It is providing immediate relief for American families and jump-starting billions of dollars in new projects that are creating jobs, improving infrastructure and strengthening local economies.
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.
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.