U.S. Commerce Secretary Gary Locke Announces $1.1 Million Grant to Create Jobs, Strengthen Economy in Horn Lake, Mississippi
September 22, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create or Save 320 Jobs and Generate $1.3 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.1 million Economic Development Administration (EDA) grant to the city of Horn Lake, Miss., to build a railroad spur to serve a foods manufacturing business and to help attract other commercial interests to the region. The project is expected to create or save 320 jobs and generate $1.3 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 create jobs, allow Newly Weds Foods to expand their operations and increase the marketability of industrial site development in the Horn Lake 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.