U.S. Department of Commerce Invests $850,000 to Create Jobs, Strengthen Economy in Lindale, Texas
August 21, 2009
Contact: John B. Atwood, (202) 482-4085
EDA Grant Expected to Create 130 Jobs and Generate $125 Million in Private Investment
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced an $850,000 grant to the Lindale Economic Development Corporation and the city of Lindale, Texas to make infrastructure improvements needed to expand the Lindale Industrial Park.
"The Economic Development Administration is pleased to partner with Lindale to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant is expected to attract $125 million in private investment and create 130 jobs for local citizens, 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.