U.S. Department of Commerce Invests $1.6 Million to Support Manufacturing in Portageville
Contact: EDA Public Affairs Department, (202) 482-4085
September 16, 2016
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the city of Portageville, Mo., to help build a new wastewater treatment system to support the expansion of a major manufacturing company and facilitate future business development.
“The Economic Development 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 grant will establish a new wastewater treatment plant in Portageville that will provide the capacity needed to support the areas manufacturers and other businesses.”
This EDA investment will help strengthen the regional economy through the construction of a new wastewater treatment system. The new wastewater treatment system will support a healthier environment for the region’s workforce by encouraging business expansion. According to grantee estimates, the investment will save 300 jobs and attract nearly $55 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.