American Samoa Receives $3 Million for Business Development from Commerce Department
September 1, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $3.1 million U.S. Economic Development Administration (EDA) grant to the American Samoa Government of Pago Pago, American Samoa, to make roadway infrastructure improvements that will serve the Daniel K. Inouye Industrial Park. The project is expected to create 500 jobs and generate $20 million in private investment, according to grantee estimates.
"The Commerce Department and the Obama administration are working diligently to bring jobs and economic growth to local communities," Locke said. "This grant will support job growth and local industries in American Samoa by providing critical infrastructure improvements needed to serve the Daniel K. Inouye Industrial Park and the business community."
This investment will fund construction of four roads within the Industrial Park and build security perimeter fencing around it. The project will make additional lots within the park accessible and available for industrial businesses.
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.