U.S. Department of Commerce Invests $1.5 Million to Improve Seventh Street in Camden
Contact: EDA Public Affairs Department, (202) 482-4085
September 28, 2016
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) will award a $1.5 million grant to Cooper’s Ferry Partnership, Inc., of Camden, N.J., to reconstruct Seventh Street from Linden Street to Elm Street. According to grantee estimates, the project will create at least 40 permanent jobs and leverage $80 million in private sector investment.
“Ensuring that our communities have the modern infrastructure they need to grow and thrive is vital to enhancing their competitiveness,” said Secretary Pritzker. “EDA’s investment paves the way for necessary roadway improvements that support the expansion of Camden’s critical educational and medical institutions and encourage new business development.”
The EDA grant will support plans to spur economic development in Camden by providing upgraded roadway infrastructure that will aid the expansion of local education and medical facilities including the Rowan University and Rutgers-Camden Joint Health Science Center — which is expected to open in the next two years — a new Rutgers University Alumni House, and the University’s recently opened Writers House.
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.