U.S. Department of Commerce Invests $537,288 to Make Critical Infrastructure Improvements Needed to Support Business Growth in Taylorville, Illinois
WASHINGTON – The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $537,288 grant to the Taylorville Development Association of Taylorville, Illinois, to make water and roadway infrastructure improvements needed to support additional business development at a local industrial park. According to grantee estimates, the project is expected to create 318 jobs and spur $60 million in private investment.
“We commend the Taylorville Development Association for working to generate economic opportunities by improving access to its local industrial park,” said Deputy Assistant Secretary for Regional Affairs Dennis Alvord. “This project will provide the necessary infrastructure needed to make the Taylorsville Industrial Park ready for further commercial development.”
This project will construct water, sanitary sewer, storm drainage, and road improvements to improve the 47-acre publically-owned Taylorsville Industrial Park. The improvements will help to attract new businesses and accommodate the expansion of existing firms. This project was made possible by the regional planning efforts led by the West Central Development Council, Inc. EDA funds the West Central Development Council, Inc. to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs.
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.