U.S. Department of Commerce Invests $1.4 Million to Support the Expansion of the Lake Worth Commerce Park in Lake Worth, Florida
Contact: Public Affairs Department, (202) 482-4085
February 12, 2016
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to the city of Lake Worth, Florida to make roadway and other infrastructure improvements needed to expand the Lake Worth Commerce Park. According to the grantee, this project will help to create 320 jobs and generate $19.3 million in private investment.
“Ensuring that our communities and regions have the critical infrastructure they need to support businesses is a top priority for the Obama Administration,” said Secretary Pritzker. “This EDA investment will allow for the expansion of Lake Worth’s regional business park, which will attract new firms and jobs to the region.”
EDA’s investment will provide comprehensive infrastructure improvements on Boutwell Road between 10th Avenue North and Lake Worth Road within the Park. These improvements will result in the availability of 80-acres of land within the Park with excellent access to I-95 a CSX rail line. The project will support the expansion plans of a major cosmetics company and will support future business needs.
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.