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Contact: Public Affairs Department, (202) 482-4085
Tuesday, August 7, 2012, 2012
WASHINGTON - Acting U.S. Commerce Secretary Rebecca Blank today announced a $1.6 million Economic Development Administration (EDA) grant to the Rushville Redevelopment Commission of Rushville, Indiana, to construct critical infrastructure needed to develop a city-owned industrial park. The project is expected to create 640 new jobs and attract $80 million in private investment, according to grantee estimates.
"This $1.6 million EDA investment in Indiana is an example of the Obama administration's commitment to investing in a 21st century infrastructure," said Acting Secretary Blank. "The grant announced today will help Rushville and Rush County lay the groundwork for an industrial park that is expected to bring new businesses to the region and create hundreds of jobs. Investments like this help modernize our infrastructure and support good American jobs for our middle class."
The EDA grant will fund construction of new infrastructure for a 79-acre city-owned industrial park. Work includes widening State Road 3, and installing curbs and gutters for internal roads, storm water piping, sanitary sewer, a lift station, water mains, storm water facilities, soil erosion control measures, and other related appurtenances. The improvements will facilitate access to the property and enhance its marketability to potential business tenants.
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.