U.S. Commerce Secretary Locke Announces $2.5 Million Recovery Act Grant to Create Jobs, Boost Development in Dorchester County, South Carolina
September 14, 2009
Contact: John B. Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2.5 million Economic Development Administration (EDA) grant to Dorchester County, S.C., to help build infrastructure to support business development needs in the biotechnology sector. The project, made possible because of the American Recovery and Reinvestment Act of 2009 (ARRA), is expected to create additional jobs and private investment in the region.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will help Dorchester County expand its biotechnology cluster by providing the critical infrastructure needed to establish new firms and other businesses that will bring higher-skill, higher-wage jobs and increased private investment to the region."
The Recovery Act was signed into law by President Obama on February 17, 2009. It is providing immediate relief for American families and jump-starting billions of dollars in new projects that are creating jobs, improving infrastructure and strengthening local economies.
"This tremendous Recovery Act investment will help to build a sustainable alternative fuel economy for part of South Carolina that is in need of job creation," U.S. Rep. James Clyburn said. "The EDA's support will improve economic opportunities and continue our efforts to grow more green jobs."
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.