U.S. Department of Commerce Invests $550,000 to Create Jobs, Strengthen Economy in Hamden, Connecticut
August 21, 2009
Contact: John B. Atwood, (202) 482-4085
EDA Grant Expected to Create or Save 175 Jobs and Generate $7.5 Million in Private Investment
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $550,000 grant to the town of Hamden, Conn., to build infrastructure to support the expansion of the Hamden Business Park.
"The Economic Development Administration is pleased to partner with Hamden to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant is expected create or save 175 jobs and generate $7.5 million in private investment, according to grantee estimates."
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.