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A bureau within the U.S. Department of Commerce


Press Release

U.S. Commerce Secretary Gary Locke Announces $6 Million Grant to Create Jobs, Strengthen Economy in Jacksonville, Florida

EDA Grant Expected to Save 1,680 Jobs

WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $6 million Economic Development Administration (EDA) grant to the Jacksonville Port Authority of Jacksonville, Fla., to help make improvements to the JAXPORT railroad system. The project is expected to save 1,680 jobs, 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 save jobs and ensure rail accessibility, allowing existing and new companies to expand on the Blount Island port facilities."

According to the Jacksonville Port Authority, "More than 50 million consumers are within an eight-hour truck drive of all three JAXPORT marine terminals."

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.