U.S. Department of Commerce Invests $987,000 to Create Jobs, Strengthen Economy in Hayneville, Alabama
March 9, 2010
Contact: John Atwood, (202) 482-4085
EDA Grant Expected to Create 21 Jobs, Retain 365 Jobs and Generate $6 Million in Private Investment, According to Grantee Estimates
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $987,000 grant to the Town of Hayneville, Ala., to help build water system improvements to serve the Lowndes County Industrial Park. The project is expected to create 21 jobs, retain 365 jobs and generate $6 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 provide the vital water infrastructure improvements needed to serve the existing and future Hayneville business community."
"This grant will greatly enhance our ability to retain existing jobs as well as encourage economic development by attracting businesses and industry to an economically depressed region," said Mayor of Hayneville Helenor Bell.
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.