Commerce Department Investment Supports Job Creation in Ottumwa, Iowa
June 25, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.5 million U.S. Economic Development Administration (EDA) grant to the city of Ottumwa, Iowa and Ottumwa Water & Hydro for water and sewer improvements at the Ottumwa Industrial Airport. The project is expected to retain 205 jobs and create approximately 250 new jobs and generate an estimated $15 million in private investment, according to grantee estimates.
"The Obama Administration is committed to supporting local industries and job creation," Locke said. "This EDA grant will both retain and create jobs by providing the critical infrastructure needed to support established businesses and attract new employers to the region."
The investment will make water main, sanitary sewer and trunk line improvements and help reconstruct Fifth Street. This funding will also support a Job Corps training campus to be located at the industrial park.
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.