U.S. Commerce Secretary Gary Locke Announces $1 Million to Support Growth in the Metal Fabrication Sector in Lebanon, Missouri
May 6, 2011
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1 million Economic Development Administration (EDA) grant to the city of Lebanon, Mo., to help expand a manufacturing facility in the city's industrial park and create new jobs in the metal fabrication sector. The project is expected to create 100 new jobs and generate a minimum of $3.5 million in private investment, according to grantee estimates.
"The Obama administration is committed to providing communities with the resources they need to foster job creation, business growth and economic competitiveness," Locke said. "This EDA grant will support the metal fabrication and welding industries in the region by helping a local manufacturer expand its operations and bring new jobs to the city."
EDA's investment will allow Detroit Tool Metal Products - a leader in full-service, precision metal stamping and fabrication - to expand its operations at Lebanon's industrial park. The company is a leading supplier of integrated products, services, and support to military forces, intelligence agencies and prime contractors worldwide.
About the U.S. Economic Development Administration (www.eda.gov):
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation and accelerate long-term sustainable economic growth.