U.S. Department of Commerce invest in infrastructure improvements
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $656,231 grant to the Grenada County Board of Supervisors, Grenada, Mississippi, to make infrastructure improvements needed to help businesses expand within Grenada County's Business and Technology Park. The EDA grant, to be matched with $256,492 in local investment, is expected to create or retain 114 jobs and attract $6 million in private investment.
“Outdated infrastructure has shackled the economic growth of countless communities across the country,” said U.S. Assistant Secretary of Commerce for Economic Development Dr. John Fleming. “This investment in Grenada County and the surrounding region will provide the tools necessary for business growth in the supply chain and logistics industry.”
This investment will construct infrastructure improvements including lighting, water and sewer lines, an access road, and storm drainage to support the expansion of a logistics firm in the 1,100-acre industrial park. This project was made possible by the regional planning efforts led by the North Central Mississippi Planning and Development District. EDA funds North Central Mississippi Planning and Development District 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.