Press Release

U.S. Department of Commerce Invests Nearly $3 Million to Support Business Expansion in Newburgh, New York

Contact: Public Affairs Department, (202) 482-4085
Monday, September 22, 2014

WASHINGTON - U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million grant to the city of Newburgh, New York, to redevelop a 25-acre industrial site that will accommodate a major business expansion and help attract new businesses and jobs to the region. According to the grantee, this investment will create 50 jobs, save an additional 180, and generate $8 million in private investment.

“The Obama Administration and the Commerce Department are committed to improving our nation’s infrastructure, which is crucial for both economic growth and job creation,” said Secretary Pritzker. “The EDA investment announced today supports infrastructure projects that will strengthen the business community and enable business expansion in Newburgh, New York.”

EDA’s investment will help Newburgh construct public water, sewer and storm water infrastructure to serve the expansion of a Hudson Valley Lighting, a long-standing member of Newburgh's business community that produces decorative lighting fixtures. The new 125,000-square-foot facility will house research and development design, assembly, distribution and general business operations. The grantee believes that this facility will be sufficient to accommodate the company’s projected growth rate and will allow it to modernize its existing distribution activities to maintain a competitive advantage.

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.