U.S. Department of Commerce Invests $864,550 to Improve Rail Facilities to Support Business Growth in New Boston, Texas
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $864,550 grant to TexAmericas Center, New Boston, Texas, to construct new rail facilities and refurbish those currently in operation at the mixed use economic development site. This EDA grant, to be matched with $216,138 in local investment, is expected to create 157 jobs, retain 5 jobs, and generate $250,000 in private investment.
“The Economic Development Administration plays an important role in helping communities implement their plans to provide the vital infrastructure that businesses need to be successful,” said Jorge Ayala, Director of EDA’s Austin Office. “This EDA investment will design and build critical rail infrastructure to support the growth of industrial and commercial businesses within TexAmericas Center, leading to additional job opportunities and a stronger regional economy.”
“As we unleash the full might of the Texas economy, we must continue to find new ways to support and develop businesses across our state,” said Governor Greg Abbott. “I thank the Economic Development Administration for its investment in TexAmericas Center in New Boston, which will create more jobs and bolster economic opportunity in the community for generations of Texans, both present and future.”
“While Texans persevere as COVID-19 wreaks havoc on our state, we must take steps to ensure that our communities are equipped to weather the storm,” said Senator John Cornyn. “I applaud this announcement and will continue to do everything I can to make economic growth across Texas a high priority.”
This project was made possible by the regional planning efforts led by Northeast Texas Economic Development District (NETEDD). EDA funds NETEDD to 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 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.