Transportation Sector in Jasper, Indiana Receives Boost from Commerce Department
September 1, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2.2 million U.S. Economic Development Administration (EDA) grant to the city of Jasper, Ind., to improve the Beaver Creek Lake Dam and protect the local business community. The project is expected to create 40 jobs and generate $170,000 in private investment, according to grantee estimates.
"The Obama administration is helping to protect local commerce and jobs in Jasper following major flooding in 2008 that severely impacted the business community," Locke said. "This EDA grant will work to make the city's roadways and rail flood-proof and prevent future damage to area businesses caused by severe weather events."
These improvements will help to flood-proof key transportation routes in the city that local manufacturers depend on to move their products to the national market. The project will also support the transportation equipment industry identified by the Purdue University Center for Research and Development as an emerging star cluster and a regional economic driver.
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.