U.S. Commerce Secretary Gary Locke Announces $1.866 Million Grant to Create Jobs, Strengthen Economy in Newton, Illinois
September 22, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 125 Jobs and Generate $4.5 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.866 million Economic Development Administration (EDA) grant to the city of Newton, Ill., to help build a new water treatment plant to serve the local business community. The project is expected to create 125 jobs and generate $4.5 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 help create new jobs and boost private investment in the Newton region by building a new water treatment facility that will accommodate business expansion plans and serve future business needs."
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.