U.S. Department of Commerce Invests $3 Million to Establish Business Industrial Park in Vineland, New Jersey
WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the city of Vineland, New Jersey, to support business growth and job creation through the development of a new industrial park.
The EDA grant will provide support for infrastructure improvements, including a new service road, water and sanitary sewer service, electrical upgrades, landscaping and more, resulting in 7 nearly 10-acre industrial lots. This EDA investment will be matched with $3 million in local funds and is expected to create or retain more than 230 jobs and generate $83 million in private investment, according to grantee estimates.
“The Biden-Harris Administration’s Investing in America agenda is making sure that all American communities, including those that have often been left behind, have the infrastructure needed to create new, good-paying jobs,” said Secretary of Commerce Gina Raimondo. “This EDA investment will support business development in Vineland and create economic opportunity across the region.”
“The Economic Development Administration is pleased to support the city of Vineland as it works to create new economic opportunities and jobs,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “EDA is proud of our past investments in Vineland to support the region’s food production, storage, and manufacturing sectors, adding this project will expand the capacity of the region to attract additional private investment and jobs.”
“New Jersey thanks the Biden Administration and our congressional delegation for continuing to prioritize critical infrastructure and economic growth across the nation,” said New Jersey Governor Phil Murphy. “Investing in America means investing not only in the roads and water systems that support our businesses, but in the hard-working community members who power our local economies. Funding from the Economic Development Administration will help create or retain more than 200 family-sustaining jobs in the City of Vineland while promoting economic opportunity throughout the region.”
“The collaboration of these federal and local grants highlights the enormous good that comes through government for the betterment of communities like Vineland and across New Jersey,” said U.S. Senator Robert Menendez. “Not only will these grants provide the city of Vineland with more support for the growth of their businesses and economy, but will also create jobs and improve infrastructure to boost the region for residents now and generations to come.”
“South Jersey’s burgeoning industries are driving innovation and economic growth across the region while providing high-quality jobs to residents,” said U.S. Senator Cory Booker. “This federal investment in a new industrial park in Vineland will attract significant private investment to the region and spark business and job growth.”
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 invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.