U.S. EDA Invests $34,060 to Boost Private Investment in the City of Connell, Washington
June 24, 2011
Contact: John Atwood, (202) 482-4085
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $34,060 grant to the city of Connell, Wash., to fund an industrial area master plan that will guide the city's economic growth.
"The Obama administration is committed to providing communities with the resources they need to foster job creation and business growth," said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. "This EDA grant will provide Connell with the blueprint they need to foster private sector investment and create new jobs."
EDA's investment will help Connell to conduct a feasibility study and master plan to identify the potential industrial uses for a 30-acre site and adjacent properties. In addition, this project will outline additional infrastructure improvements necessary to serve the industries creating more opportunities for growth and job creation.
The master plan will identify and evaluate the economic planning with consideration to developing the industrial uses for the sites, cultivate public and private partnerships, develop goals and objectives for opportunities and solutions for economic challenges, and securing resources that will sustain and support the region.
About the U.S. Economic Development Administration: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.