U.S. Department of Commerce Invests $1.4 Million to Support Manufacturing in Jasper
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) is awarding a $1.4 million grant to the city of Jasper, Ind., to make water infrastructure improvements needed to support the expansion of a major manufacturer in the region.
“Ensuring that business and industry have the tools they need to grow and thrive is key to job creation and economic growth,” said Secretary Pritzker. “This EDA grant will improve Jasper’s water capacity to support the expansion plans of a major local manufacturer, as well as current and future business needs.”
This EDA investment will strengthen the region’s economy by replacing the city of Jasper’s main trunk line beneath U.S. Highway 231. The improved water pressure will support the expansion of an automotive body and equipment manufacturer, and attract new private investment to the region. According to grantee estimates, this project will create 60 jobs and more than $6 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.