U.S. Department of Commerce Invests $1.4 Million to Upgrade Critical Infrastructure to Support Manufacturing Growth in Stephens County, Georgia
Contact: Public Affairs Department, (202) 482-4085
Wednesday, June 18, 2014
WASHINGTON - U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding $1.42 million to the city of Toccoa, Georgia, to make critical water and sewer system improvements needed to serve local manufacturing businesses and help the region attract new investment and jobs. The grantee estimates that the project will create 220 new jobs, help retain 198 existing jobs, and generate $12 million in private investment.
“The Obama Administration is committed to improving our nation’s infrastructure, which is crucial for both creating jobs and remaining competitive in today’s global economy,” said Secretary Pritzker. “This EDA investment will help make critical infrastructure upgrades that help local manufacturers grow and attract new business to Stephens County.”
This investment supports the construction of water and sewer infrastructure improvements along Veterans Parkway in the city of Toccoa. Developing the Veterans Parkway Corridor with both water and sewer infrastructure will enable Toccoa and Stephens County to better compete in the global economy. The improved infrastructure will enable several large manufacturing businesses, including an automotive parts exporter, to retain and expand existing operations.
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.