U.S. Department of Commerce Invests $1 Million to Support the Expansion of a Regional Business Park in Plainview, Texas
Contact: Public Affairs Department, (202) 482-4085
March 10, 2016
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 city of Plainview, Texas to make water infrastructure improvements needed to support the expansion of a regional business park.
“The Obama Administration is committed to ensuring that our communities and regions have the critical infrastructure they need to support businesses and jobs,” said Secretary Pritzker. “This EDA investment will allow for the expansion of Plainview’s business park, which will diversify the local economy by providing resources that support small business development in the region.”
EDA’s investment will support the engineering and construction of water and wastewater lines to serve the community-owned business park that will eventually build out to approximately 100 acres. The business park represents a major investment by both the city of Plainview and Hale County to continue their efforts to diversify the local economy. The project represents a continuation of a regional effort to diversify the local economy.
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.