U.S. EDA Invests $1.4 Million to Spur Business Development in Support of Economic and Job Growth in Grant County, Washington
August 10, 2011
Contact: John Atwood, (202) 482-4085
WASHINGTON - Acting U.S. Commerce Secretary Dr. Rebecca Blank today announced a $1.4 million Economic Development Administration (EDA) grant to the Port of Royal Slope of Royal City, Wash., to make water system improvements that will better accommodate businesses in the Saddle Mountain and Hiawatha industrial parks in Grant County. The project is expected to create 100 jobs and generate $2.5 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 and business growth," 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 Grant County."
This investment will help build a second water well and additional water lines to serve the growing demand of industrial, commercial and agricultural businesses in the 280-acre Saddle Mountain Industrial Park and the neighboring Hiawatha Industrial Park.
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.