Commerce Department Investment to Help Create High-Tech Jobs in Troy, Alabama
September 1, 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 Troy, Ala., for infrastructure improvements that will serve the local business community. The project is expected to create 340 jobs and generate $1 million in private investment, according to grantee estimates.
"Providing communities with the resources they need to foster job creation and business growth is a top priority of the Obama administration," Locke said. "This grant will help business ventures like CGI Technologies & Solutions, Inc., a worldwide information technology and business services provider, establish operations that will support high-skill, living-wage jobs in Troy."
This project will support CGI's partnership with Troy University and help to create additional jobs through the expansion of the University's IT Department and Distance Learning Program. Additionally, these improvements will support Troy's largest industries by alleviating long existing water and sewer problems.
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.