U.S. EDA Invests $2.37 Million to Promote Economic Development and Job Growth in Leipsic, Ohio
August 9, 2011
Contact: John Atwood, (202) 482-4085
WASHINGTON - Acting U.S. Commerce Secretary Dr. Rebecca Blank today announced a $2.37 million Economic Development Administration (EDA) grant to the Village of Leipsic, Ohio, to make wastewater treatment facility improvements critical to attracting new businesses and jobs to the region. The project is expected to create 80 new jobs, retain 238 jobs, and generate $400 million in private investment, according to grantee estimates.
"The Commerce Department and the Obama administration are working diligently to bring jobs and economic growth to local communities," Blank said. "This EDA grant will support existing businesses and help attract new businesses and jobs to the region by providing critical infrastructure improvements needed in Leipsic."
EDA's investment will support the development and growth of the region's existing industry clusters and allow the Village to attract new industries that will build on the area's competitive strengths.
The additional wastewater capacity is expected to allow PRO-TEC Coating Company to expand its operations, creating 80-95 new jobs, retaining 238 jobs, and generating $400 million in private investment, according to company estimates.
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.