U.S. Department of Commerce Invests $1.15 Million to Support Business Growth in Silverton, Oregon
WASHINGTON – Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.15 million grant to the City of Silverton to make critical water infrastructure improvements needed to support the community’s expansion plans. According to grantee estimates, the project is expected to create 150 jobs and spur $2 million in private investment.
“President Trump has often commented on the unacceptable state of the infrastructure in countless American communities,” said Secretary of Commerce Wilbur Ross. “This new project will support local expansion plans and help attract new businesses to the region.”
“These investments in infrastructure improvements are critical for communities like the city of Silverton,” said Governor Kate Brown. “This is another step to ensuring communities like Silverton continue to grow and expand family wage jobs.”
This investment supports the construction of a water line and pump station to provide service to a local industrial park. The improved water service will help attract new enterprises to the area while supporting the region’s established business community.
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.