U.S. Department of Commerce Invests $600,000 to Redevelop Industrial Site in Providence, Rhode Island
Contact: EDA Public Affairs Department, (202) 482-4085
May 1, 2017
WASHINGTON – The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the city of Providence, Rhode Island, to make infrastructure improvements needed to help redevelop a formerly contaminated industrial site for use by food production, processing and other commercial industries. According to grantee estimates, the project is expected to create 360 jobs and generate $25 million in private investment.
“Increasing capacity to serve businesses is a valuable benefit to our communities,” said Deputy Assistant Secretary for Regional Affairs Dennis Alvord. “We commend Providence for their work to boost their local industrial capabilities.”
EDA’s investment will help construct new infrastructure, including site access and utility improvements, to support the redevelopment of the environmentally-remediated industrial site.
About the U.S. Economic Development Administration (www.eda.gov)
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.