U.S. EDA Supports Businesses in Hampton, New Hampshire
September 14, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $250,975 grant to the town of Hampton, N.H., to make sewer infrastructure improvements to serve the local business community. The project is expected to create 25 new jobs and generate $3 million in private investment, according to grantee estimates.
"This project will support job creation and local industries in Hampton by fostering business development and growth," said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. "This EDA grant will provide the critical infrastructure needed to help expand existing businesses and attract new businesses and jobs to the region."
"This timely award by the EDA will allow the town of Hampton to add needed infrastructure to allow for the development of industrially zoned land within the town to attract new industry," said Frederick Welch, Town Manager.
The project will allow the expansion of an existing manufacturing business, Smuttynose Brewery, to retain 24 jobs, create 25 new jobs, and invest approximately $3 million in a new plant and equipment. Additionally, this project will make sewer service accessible to currently-vacant commercial property adjacent to and beyond the Smuttynose Brewery site, and it will be accompanied by privately-financed water lines.
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.