U.S. Commerce Secretary Gary Locke Announces $7.1 Million Grant to Create Jobs, Strengthen Economy in Coralville, Iowa
August 17, 2009
Contact: John B. Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $7.1 million Economic Development Administration (EDA) grant to the city of Coralville, Iowa, to help make rail corridor improvements, including developing higher surface elevations and flood-proof construction, to protect area businesses from future flood events.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will help keep businesses open and support jobs by fortifying the critical commercial rail infrastructure in the Coralville region against flooding."
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 Department of Commerce 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.