U.S. Department of Commerce Invests $940,000 to Create Jobs, Strengthen Economy in Union County, Arkansas
February 23, 2010
Contact: John Atwood, (202) 482-4085
EDA Grant Expected to Create 20 Jobs, According to Grantee Estimates
Tuesday, February 23, 2010 Contact: John Atwood 202-482-4085 WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $940,000 grant to Union County, Ark., to renovate a building in the El Dorado Business Park to accommodate the expansion of a major manufacturing company. The project is expected to create 20 jobs, 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 allow a major cable manufacturing firm to grow and create new higher-skill, living-wage jobs in a region severely impacted by recent natural disasters." "The jobs that will be created by the EDA investment are vital to our community as they help ameliorate the economic downturn resulting from the recent storms and natural disasters, as well as closures and reductions in force by several industries in the region," said Bobby Edmonds, Union County Judge.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.