U.S. Department of Commerce Invests $767,000 to Create Jobs, Strengthen Economy in Switzerland County, Indiana
December 28, 2009
Contact: Lindsey Pangretic, (202) 482-4085
EDA Grant Expected to Create 500 Jobs and Generate $30 Million in Private Investment, According to Grantee Estimates
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $767,000 grant to the Switzerland County Commissioners; the Switzerland County Redevelopment Commission; the Switzerland County Economic Development Corporation, Inc.; the Patriot Water Company; and the Florence Regional Sewage District of Switzerland County, Ind., to help build infrastructure to support development of the Markland Business Park. The project is expected to create 500 jobs and generate $30 million in private investment, according to grantee estimates.
"Economic recovery and growth are top priorities for the Obama Administration," said U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez. "This EDA grant will boost regional competiveness, create new jobs, and boost private investment by providing industrial businesses with affordable land in the strategically located Markland Business Park."
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.