U.S. Department of Commerce Invests $1.6 Million to Support Business Growth in Northern Arizona
Contact: Public Affairs Department, (202) 482-4085
Monday, August 24, 2015
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to Chino Valley, Arizona to make critical infrastructure improvements to serve an industrial park. According to the grantee, this project will save and create nearly 40 jobs.
“The Obama Administration is committed to ensuring our nation’s infrastructure supports the needs of its businesses for job creation and economic competitiveness,” said Secretary Pritzker. “The EDA investment announced today will help to establish critical water, sewer, and roadway services at the Old Home Manor Industrial Park.”
EDA’s investment will help fund the construction of sewer and water mains as well as the creation of new and improved roadways to and from the park, which will serve Chino Valley and two smaller communities within commuting distance. According to the grantee, the community’s inadequate infrastructure threatens the continued presence of existing businesses that are unable to expand and has created difficulties in recruiting new potential employers to relocate to the region. This project will address the infrastructure needs of the region, facilitate the growth of private business investment, and ultimately support creation of higher-skill, higher-paying jobs.
About the U.S. Economic Development Administration (www.eda.gov)
The Economic Development Administration marks 50 years of public service, leading 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.