U.S. Department of Commerce Invests $1 Million to Upgrade Critical Infrastructure and Support Business Growth in Texas
Contact: Public Affairs Department, (202) 482-4085
Thursday, July 2, 2015
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Village of Salado, Texas, to help upgrade water and sewer systems to support the local business community. According to the grantee, this project will create 35 jobs, save 188 jobs, and generate $150 million in private investment.
“The Obama Administration and the Commerce Department are committed to investing in America’s infrastructure,” said Secretary Pritzker. “The EDA investment announced today will provide the infrastructure that will make it possible for the Village of Salado to support business growth and create jobs for the community.”
EDA’s investment will help construct a waste water plant and sewer lines that will serve the primary business district of the Village. According to the grantee, the existing systems are on the brink of shutting down and have been responsible for business closings, job losses, tourism decline, decreased taxes and revenues, and the inability to draw new businesses. An adequate wastewater system is necessary to accommodate the needs of existing and prospective businesses. Several local companies have already committed to creating and/or preserving jobs as a result of the project.
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.