U.S. Commerce Department Invests to Strengthen Industry Growth and Job Creation in Mineola, Texas
September 1, 2011
Contact: John Atwood, (202) 482-4085
WASHINGTON - U.S. Commerce Acting Secretary Rebecca Blank today announced a $1 million Economic Development Administration (EDA) grant to the City of Mineola, Texas, for infrastructure improvements to streets and sewers in the Mineola Industrial Park. The project is expected to save 78 jobs and create an additional 85 jobs, according to grantee estimates.
"Improving regional infrastructure in support of business and industry growth is critical to our ability to create jobs and remain competitive," Blank said. "This EDA grant will provide the critical updates needed to advance the Mineola Industrial Park so it can help promote high-skill, high-wage jobs in 21st century industries."
Due to increased outmigration, particularly of recent college graduates, the region is working to develop industries that will retain and attract new businesses and residents and help to grow the area's workforce. This EDA investment will fund municipal wastewater collection system and roadway improvements that will support the expansion of four industries within the Mineola Industrial Park and spur more than $7 million in private-sector investment.
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.