U.S. Department of Commerce Invests $3 Million to Support Job Creation in Vancouver, Washington
September 22, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $3 million U.S. Economic Development Administration (EDA) grant to the city of Vancouver, Wash., to make roadway infrastructure improvements needed to redevelop the Crescent Industrial Area. The project is expected to create 750 jobs and generate $25 million in private investment, according to grantee estimates.
"The Commerce Department is committed to job growth and business development, and this grant will fund vital infrastructure needed in the Vancouver community," Locke said. "This project will help create jobs and keep local companies competitive by revitalizing the Crescent Industrial Area to attract new businesses and support economic growth in the region."
This investment funds improvements to streets inside the Crescent Industrial Area as well as improvements to adjacent streets, water and sewer lines, storm drainage, street lighting, traffic signals, and landscaping. These improvements will allow for 338,000 square feet of industrial office and flex space for research and development.
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.