U.S. Department of Commerce Invests $1.5 Million to Support Critical Infrastructure Improvement of Roadway in Savanna
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 $1.5 million grant to the city of Savanna, Ill., to help improve one of the most highly traveled roadways for businesses in the city. According to grantee estimates, the project is expected to retain 59 jobs and create 17 new jobs.
“The Obama administration is committed to investing in our nation’s infrastructure to spur job creation and economic activity,” said Secretary Pritzker. “The EDA investment announced today will provide the modern roadway infrastructure that local businesses in Savanna need to compete and grow.”
EDA’s grant will modernize and improve Wacker Road and will provide a storm sewer system that will collect and convey storm water in a safe manner. Through this investment, EDA will assist the city of Savanna in supporting manufacturing capacity, retaining existing businesses, and developing additional parcels of industrial property to promote continued growth.
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.