U.S. Commerce Secretary Gary Locke Announces $4 Million Grant to Create Jobs, Strengthen Economy in the Canaan Valley, West Virginia
October 30, 2009
Contact: John Atwood, (202) 482-4085
EDA Grant Expected to Create 400 Jobs and Generate $44 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $4 million Economic Development Administration (EDA) grant to the Canaan Valley Public Service District of Davis, W.Va., to build a wastewater collection system that will help mitigate the economic impact of future flood events on local businesses. The project is expected to create 400 jobs and generate $44 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 EDA grant will help create jobs and generate private sector investment in the Canaan Valley by building the critical water infrastructure needed to support the region's business community."
The Department of Commerce is a voice for Main Street businesses that works to grow local economies by fostering innovation and opening markets to U.S. products and services. Locke is a member of President Barack Obama's economic team.
EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation. 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 global 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.