Press Release

U.S. Department of Commerce Invests $959,250 to Create Jobs, Strengthen Economy in Mineral Point, Wisconsin

March 9, 2010
Contact: John Atwood, (202) 482-4085

EDA Grant Expected to Create 40 Jobs and Generate $5 million in Private Investment, According to Grantee Estimates

Point, Wis., to help construct roadway and utility infrastructure improvements of the city-owned 13-acre business park which was impacted by the flood disaster of 2008. The project is expected to create 40 jobs and generate $5 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 create higher-skill, living-wage job opportunities in Southwest Wisconsin by providing the infrastructure needed to expand Mineral Point's businesses park."

"This project will significantly reinforce the City's commitment for regional business expansion and to new economic development opportunities for our City and entire region," said The Honorable Greggory Bennett, Mayor of the City of Mineral Point.

The Economic Development Administration marks 45 years of public service, leading the federal economic development agenda by promoting competitiveness and preparing American regions for growth and success in the worldwide economy. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster job creation, collaboration and innovation.

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.