U.S. Commerce Secretary Gary Locke Announces $2 Million Grant to Create Jobs, Strengthen Economy in Palestine, Texas
November 30, 2009
Contact: John Atwood, (202) 482-4085
EDA Grant Expected to Create 180 Jobs and Generate $6 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2 million Economic Development Administration (EDA) grant to the city of Palestine, Texas to help build water system improvements to serve the business community. The project is expected to create 180 jobs and generate $6 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 create jobs by building the critical water infrastructure needed to serve Palestine businesses and attract new private investment to the region."
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.