U.S. Department of Commerce Invests $1.7 Million to Make Critical Flood Control Infrastructure Improvements to Support Business Development in Cedar Rapids
Contact: EDA Public Affairs Department, (202) 482-4085
July 7, 2017
WASHINGTON – U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the city of Cedar Rapids, Iowa, to help establish flood control infrastructure that will protect the Central Business District from future flood disasters. According to grantee estimates, the project is expected to help save more than 440 jobs and generate $432,000 in private investment.
“The Trump Administration is committed to not only retaining jobs in this country, but also to creating new opportunities through infrastructure improvements,” said Secretary of Commerce Wilbur Ross. “I look forward to seeing how Cedar Rapids’ new flood control system will help businesses grow and thrive.”
In 2008, Cedar Rapids experienced a devastating flood that caused approximately $2 billion in damages. The project will relocate the transmission water main and construct a new permanent flood control structure along the banks of the Cedar River to protect manufacturing and other businesses.
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.