U.S. Economic Development Administration Invests $1.2 Million to Support Critical Infrastructure in Sioux Falls, South Dakota
Contact: Public Affairs Department, (202) 482-4085
Monday, July 1, 2013
WASHINGTON — The U.S. Commerce Department’s Economic Development Administration (EDA) today announced a $1.2 million grant to the city of Sioux Falls, South Dakota, to support road construction that will facilitate commercial and industrial expansion in the city and bolster the region’s animal science cluster. The project is expected to create 200 jobs and generate $70 million in private investment, according to grantee estimates.
“The Obama administration is committed to helping promote economic development and job creation in communities nationwide,” said U.S. Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine. “This EDA investment in the city of Sioux Falls will help improve critical infrastructure crucial to attracting investors to the region.”
The EDA investment will extend Bahnson Avenue from East 60th Street North to East Benson Road, providing a traffic corridor into Industrial Park 8 from the Benson Road Interchange, and opening up approximately 286 acres of land for new development. It is anticipated that the combination of new infrastructure and open land will bring new tenants supporting both the animal sciences cluster as well as other industry.
About the U.S. Economic Development Administration (www.eda.gov)
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.