Department of Commerce Investment Advances New Mexico Technology Commercialization Efforts
June 21, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.5 million Economic Development Administration (EDA) grant to New Mexico State University in Las Cruces, N.M., to provide infrastructure needed to complete phase II development of the Arrowhead Business and Research Park. The project is expected to create 75 jobs, 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 help New Mexico State University bring new technology to the market more quickly and create job opportunities for local workers by establishing a business and research park."
The grant will expand Arrowhead Drive from two lanes to four lanes, including bike lanes, curbing, sidewalk, median drop inlets, planting and seeding for erosion control, and extension of roadway lighting; make onsite utility line extensions to adjoining lots for area development; upgrade of the Arrowhead lift station; and install approximately two miles of 8-inch sewer line on Sam Steel Drive to tie to the Las Cruces system.
About the U.S. Economic Development Administration (www.eda.gov):
This year, the U.S. Economic Development Administration (EDA) marks 45 years of public service, with a mission of 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.