U.S. Department of Commerce Invests $1.2 Million to Boost Manufacturing and Renewable Energy Sectors in Texas
WASHINGTON – U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the city of Tulia, Texas, to help develop the Innovative Industrial Business Park, which will support of the growth of the region’s manufacturing and renewable energy sector. According to grantee estimates, the project is expected to generate $2 million in private investment.
“The American manufacturing sector is reviving under the ambitious agenda set by President Trump,” said Secretary of Commerce Wilbur Ross. “The Innovative Industrial Business Park will help diversify the panhandle’s economy by attracting and growing manufacturing businesses.”
This project will install road, water and sewer infrastructure in support of the park. The city will open the park to international manufacturing with access to I-27, rail and two international airports. Establishment of this park as a place for both manufacturing and the development of new industries will help the region diversify its economy. The project was made possible by regional planning efforts led by the Panhandle Regional Planning Commission. The EDA funds Panhandle Regional Planning Commission 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.