U.S. Department of Commerce Invests $941,250 to Expand Manufacturing Business Capacity in Antigo, Wisconsin
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $941,250 grant to the city of Antigo, Wisconsin, to make infrastructure improvements at the Saratoga Industrial Park that will add 24 acres of newly developable land in the park. This EDA grant, to be matched with $941,250 in local investment, is expected to create more than 20 jobs, retain 155 jobs, and generate $5.75 million in private investment.
“The Economic Development Administration is proud to support community-led efforts to attract new business opportunities,” said Dennis Alvord, Acting Assistant Secretary for Economic Development. “This EDA investment will build critical road, water, and sidewalk infrastructure that will bring more jobs to Antigo and Langlade County.”
In addition to adding 24 acres of land to the industrial park, this project will make expansion possible for 12 acres of land that is owned by companies ready to expand.
This project was made possible by the regional planning efforts led by the North Central Wisconsin Regional Planning Commission, which EDA funds to help bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs.
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.