U.S. Department of Commerce Invests More Than $1.9 Million to Increase Business and Shipping Capacity in Central California
Contact: Public Affairs Department, (202) 482-4085
Wednesday, September 30, 2015
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today announced the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to the Port of Stockton in Stockton, California to upgrade critical infrastructure needed to support business growth for the region. According to the grantee, the project will create 161 jobs.
“The EDA investments announced today will encourage businesses to move to the Stockton area, creating jobs for the people of Central California.”
EDA’s investment will improve access to the port facility and adjacent industrial park. According to the grantee, this project will enable further development of an existing industrial park and enhance the movement of freight and raw materials from the Port's terminal to meet expected increased demand. The project will offer better access to road and rail and will play an important role in maritime shipping, logistics, and distribution for California's Central Valley. The improved infrastructure will also aid in the development of business capacity, which will lead to the creation of additional employment opportunities for the region's workforce.
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.