U.S. Economic Development Administration Invests $817,726 for Infrastructure Improvements to Serve a Sawmill Site in Glenwood, Arkansas
Contact: EDA Public Affairs Department, (202) 482-4085
June 22, 2016
WASHINGTON – The U.S. Commerce Department’s Economic Development Administration (EDA) today announced an $817,726 grant to the city of Glenwood, Arkansas, to make water and roadway infrastructure improvements needed to serve a local sawmill site. According to grantee estimates, the project is expected to help create more than 200 jobs.
“For 50 years, EDA has understood the strong relationship between infrastructure and economic growth, and has supported infrastructure creation and upgrades across the country,” said Jay Williams, U.S. Assistant Secretary of Commerce for Economic Development. “This EDA investment will make the critical improvements needed to serve a local sawmill site that is critical to job growth in the region.”
The infrastructure improvements to be addressed through this EDA investment include waterline extension and roadway improvements that will increase capacity for heavy, load-bearing trucks.
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.