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Contacts: John Atwood, (202) 482-4085
Thursday, July 19, 2012
WASHINGTON - Acting U.S. Commerce Secretary Rebecca Blank today announced a $1.8 million Economic Development Administration (EDA) grant to the city of Deer Park, Washington, to make critical infrastructure improvements needed to develop a 160-acre industrial site adjacent to the Deer Park Municipal Airport. The investment is expected to create 500 new jobs within nine years and generate $20 million in private investment, according to grantee estimates.
"This $1.8 million EDA investment in Washington State is an example of the Obama administration's commitment to supporting job creation and economic growth in local communities," Blank said. "The grant announced today will help provide the critical infrastructure needed to attract new manufacturing and other businesses to the Deer Park region to create new jobs."
This EDA investment will help construct roadway, water and sewer, and storm drainage infrastructure improvements at 6th Street and Cedar Road. With this infrastructure, the city will be able to develop a 160-acre site adjacent to the airport for light manufacturing and business development. Build-out of this site will provide long-term economic stability for the city of Deer Park, Stevens and Pend Oreille counties.
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.