Businesses and Jobs Get a Boost from Commerce Department Investment to Improve Historic Hamilton Canal District in Lowell, Massachusetts
June 25, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2 million U.S. Economic Development Administration (EDA) grant to the city of Lowell, Mass., to improve the Hamilton Canal District. The project is expected to create 215 jobs and generate up to $55 million in private investment, according to grantee estimates.
"The Obama Administration is committed to supporting job creation and local economic development," Locke said. "This EDA grant will create jobs by providing improved and modern infrastructure that will attract private investment to the heart of this diverse city."
This investment will support the overall redevelopment of the Hamilton Canal District and includes installation of a new Revere Street Bridge, improvements to Revere Street itself, and reconstruction of Jackson Street.
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.