Press Release
U.S. EDA Grant Supports Economic Planning in Northern California
August 29, 2011
Contact: John Atwood, (202) 482-4085
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $122,803 grant to the Economic Development and Financing Corporation of Ukiah, Calif., to study the feasibility of building a meat processing facility in Northern California.
"The Commerce Department and the Obama Administration are working diligently to bring jobs and economic growth to local communities," said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. "This EDA grant will support the development of a feasibility study that will examine the potential benefit of building a meat processing facility in Northern California."
"With the development of a meat harvesting and processing facility, meat could be potentially turned into a variety of value-added product and then exported," said Don Ballek, Executive Director, Economic Development and Financing Corporation.
The feasibility study will examine the potential benefit of building a meat processing facility in the region and will include the preparation of a market analysis, drafting facility characteristics and specifications, a study of capital requirements, preparation of an investment schedule, description of possible revenue generation scenarios, forecasting of operating costs and net revenue, and preparation of a comprehensive financial plan. The project work will take place in Humboldt, Lake, Marin, Mendocino, and Sonoma counties.
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.