Commerce Department Invests in Monticello, Kentucky to Improve Critical Industrial Infrastructure
September 17, 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) grant to the city of Monticello, Ky., to improve the city's wastewater treatment plant and encourage additional job-creating industrial development. The project is expected to create 400 jobs and generate $5 million in private investment, according to grantee estimates.
"The Obama administration is committed to job growth and business development, and this grant will fund vital infrastructure needed in the Monticello community," Locke said. "The improved wastewater treatment plant will help attract new jobs and businesses to the region."
This investment will make infrastructure improvements that expand wastewater treatment capacity and support economic diversification and business expansion in a region impacted by the loss of manufacturing jobs. It also corrects system deficiencies to ensure compliance with EPA parameters and the Regional Facilities plan.
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.