U.S. Department of Commerce Invests $2.2 Million to Make Railroad Infrastructure Improvements Needed to Serve Businesses in Davenport
Contact: EDA Public Affairs Department, (202) 482-4085
November 2, 2017
WASHINGTON – U.S. Secretary of Commerce Wilbur Ross announced today that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the city of Davenport, Iowa, to construct a new interchange track and rail spur to serve a new manufacturing facility and other businesses locating in the Davenport industrial park. According to grantee estimates, the project is expected to create more than 500 jobs and spur $78.5 million in private investment.
“Revamping American infrastructure and manufacturing is a key priority for President Trump and his Administration,” said Secretary of Commerce Wilbur Ross. “This project will ensure that the Davenport region remains economically competitive and will provide hundreds of jobs for local residents.”
The project supports both manufacturing and logistics industries and builds on the assets in the industrial park, including an EDA-funded transload facility. The project is essential to the continued success at the industrial park and will support the necessary infrastructure required for the location of a new manufacturing facility.
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.