Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the town of Avilla, Indiana, for road, water and sewer infrastructure to support expansion of the town’s industrial park and promote business growth and job creation. This EDA project, to be matched with $1.3 million in local funds, is expected to create 70 jobs, retain more than 360 jobs and generate $7.8 million in private investment.
“President Biden is committed to helping communities grow their critical industry sectors to improve regional economies across the nation,” said Secretary of Commerce Gina M. Raimondo. “This EDA investment will boost Avilla’s capacity to serve emerging transportation, distribution and logistics and other businesses to create new economic opportunities and jobs for Hoosiers.”
“The Economic Development Administration is pleased to support Avilla as they work to expand regional economic growth and create new jobs,” said Dennis Alvord, Acting Assistant Secretary of Commerce for Economic Development. “This project will provide critical infrastructure for the much-needed expansion of the town’s industrial park to accommodate additional businesses and maintain its competitiveness as a regional hub for transportation, distribution and logistics.”
“The EDA investment in Avilla, along with the significant local funding, will help Indiana meet the infrastructure needs of our growing economy,” said Governor Eric Holcomb. “The necessary infrastructure improvements will be a catalyst in creating job opportunities and economic growth as well as keeping hundreds of jobs in Indiana.”
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.