U.S. Department of Commerce Invests $1.25 Million to Support Manufacturing in Georgia
Contact: EDA Public Affairs Department, (202) 482-4085
August 19, 2016
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to the town of Riceboro, Ga., to make critical water infrastructure improvements needed to support expansion plans of a major manufacturer of water-soluble polymers.
“The Obama administration is committed to strengthening American manufacturing,” said Secretary Pritzker. “This EDA investment in Riceboro will allow a major manufacturing company to expand operations in Riceboro and help create jobs for local citizens.”
This EDA investment will boost water capacity in the town of Riceboro to support the expansion plans of a major manufacturer of water-soluble polymers. According to grantee estimates, the investment is expected to retain 500 jobs, create 100 new jobs, and generate $8 million in private investment.
About the U.S. Economic Development Administration
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. To learn more about EDA, visit www.eda.gov.