Press Release

U.S. Economic Development Administration Invests $220,000 to Build Critical Infrastructure to Support Business Expansion in Missouri

Contact: Public Affairs Department, (202) 482-4085
Tuesday, July 15, 2014

WASHINGTON — The U.S. Commerce Department’s Economic Development Administration (EDA) today announced a $220,267 grant to the city of Moberly, Missouri. EDA’s investment will help complete a roadway to support the expansion of the Moberly Area Industrial Park, enabling two companies to expand operations in the community.

“Helping communities attract businesses is crucial to a community’s long-term economic health,” said Assistant Secretary of Commerce for Economic Development Jay Williams. “EDA’s investment will enable the completion of needed infrastructure and allow businesses to invest in Moberly.”

EDA’s investment will complete a partially constructed roadway and make curb, gutter, and storm sewer improvements to support industrial expansion and leverage the private investment of two companies that have expressed interest in the Moberly Area Industrial Park to expand their business. According to the grantee, two companies have committed to creating at least 150 new jobs and making $148 million in investments to the community as a result of the project.

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.