U.S. Economic Development Administration Invests More Than $835K to Support Business Expansion in Oroville
Contact: EDA Public Affairs Department, (202) 482-4085
September 9, 2016
WASHINGTON – The U.S. Department of Commerce’s Economic Development Administration (EDA) today announced an $839,784 grant to the city of Oroville, Wash., to help make roadway infrastructure improvements needed to support the expansion of local businesses.
“The U.S. Economic Development Administration is committed to helping communities fulfil their locally-driven strategies to boost business development and create jobs,” said Jay Williams, U.S. Assistant Secretary of Commerce for Economic Development. “Today’s EDA investment Oroville will provide the critical roadway improvements Oroville needs to support local businesses.”
The EDA grant will support the construction of a roadway to provide transportation access to an industrial area in Oroville. The completion of the roadway project will enable local firms to expand their operations and help attract new private investment. According to grantee estimates, the project is expected to help create 20 new jobs and retain 136 jobs.
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.