Commerce Department Announces Investment to Develop New Jersey's Paulsboro Marine Terminal to Attract New Businesses and Jobs
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) investment to the Borough of Paulsboro, N.J., for water system improvements to support the development of the Port of Paulsboro.
"The Obama Administration is committed to investing in the vital infrastructure we need to encourage business and job growth," Locke said. "This EDA grant will create new jobs and boost private investment in the Paulsboro area by providing the critical water infrastructure needed to promote development at the Paulsboro Marine Terminal."
This investment would support the construction of a 500,000-gallon, elevated water storage tank to facilitate development of the Paulsboro Marine Terminal. The modernized facility is expected to house the new port, a solar power facility and an 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.