U.S. Commerce Secretary Gary Locke Announces $1.46 Million Grant to Create Jobs, Strengthen Economy in Osceola, Arkansas
September 9, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.46 million Economic Development Administration (EDA) grant to the city of Osceola, Ark., to help build an unloading facility and other river port improvements at the Osceola River Port.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will help create new jobs and boost private investment in the region by making the vital infrastructure improvements needed to expand the Osceola River Port's cargo handling capacity."
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.