Press Release

U.S. EDA Promotes High Tech Job Growth in Warren County, New York Region

September 16, 2010
Contact: John Atwood, (202) 482-4085

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $765,336 grant to the Greater Glens Falls Development Corporation (GGFDC) of Glens Falls, N.Y., to make water system improvements to support the development of the 40-acre Tech Meadows Industrial Park. The project is expected to create 1,000 jobs and generate $40 million in private investment, according to grantee estimates.

"The Obama administration is working to provide a sustainable economic future for the nation and create higher-skilled, living-wage job opportunities for our citizens by supporting our innovators and entrepreneurs," said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. "This EDA investment will provide the critical infrastructure needed to develop a business park that will provide high-technology entrepreneurs with the space they need to grow and thrive."

"This timely award by the EDA will allow businesses in Warren County to secure space that meets their needs at all stages of development," said John Diamond, Chairman of the Greater Glens Falls Development Corporation.

The grant will provide water and sewer service and related infrastructure for the creation of the Tech Meadows Industrial Park. The project is anticipated to generate approximately 500,000 square feet of space by new tech-related firms.

About the U.S. Economic Development Administration (www.eda.gov):
This year, the U.S. Economic Development Administration (EDA) marks 45 years of public service, with a mission of leading the federal economic development agenda by promoting competitiveness and preparing American regions for growth and success in the worldwide economy. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster job creation, collaboration and innovation.