U.S. Department of Commerce Invests $1.7 Million to Make Critical Railroad Infrastructure Improvements in Sioux Falls
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 $1.7 million grant to the Sioux Falls Development Foundation of Sioux Falls, S.D., to help provide rail access to the Foundation Park development area.
“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 investment will bring rail service to the Foundation Park development area, which will facilitate local companies’ expansion plans and attract new businesses and jobs to the region.”
EDA’s investment will support the development of rail infrastructure in Foundation Park which will provide local companies access to rail services for their shipping and receiving needs. The new rail sites will significantly improve the success of the Park and the region’s economy by attracting new business and allowing local companies to expand. According to grantee estimates, the investment will create 1,200 new jobs and spur $67 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.