Press Release

U.S. Department of Commerce Invests $250,000 to Create Jobs, Strengthen Economy in Lake Worth, Florida

August 21, 2009
Contact: John B. Atwood, (202) 482-4085

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $250,000 grant to the city of Lake Worth, Fla., to develop an infrastructure needs analysis and master plan for the redevelopment of the Lake Worth Park of Commerce.

"The Economic Development Administration is pleased to partner with the Lake Worth to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will work to leverage the Park's strategic location and support the growth of targeted industry clusters, allowing the region to take advantage of growing international trade."

EDA is an agency within the U.S. Commerce Department and supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy.

Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.