U.S. Commerce Secretary Gary Locke Announces $1.5 Million Grant to Create Jobs, Strengthen Economy in Florence, South Carolina
August 26, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 242 Jobs and Generate $12 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.5 million Economic Development Administration (EDA) grant to Florence-Darlington Technical College of Florence, S.C., to help build a state-of-the art manufacturing incubator facility. The project is expected to create 242 jobs and generate $12 million in private investment, according to grantee estimates.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will create new jobs and boost investment in the region by creating a facility that will rely on the expertise at Florence-Darlington Technical College to assist manufacturing-related businesses as they grow in the region."
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.