Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of West Branch, Michigan, to construct a water treatment plant and a new well.
This grant will increase water service and expand capacity in the region’s employment and healthcare hub. The EDA investment will be matched with $2 million in state and local funds and is expected to create 50 jobs, retain 30 jobs and generate $5 million in private investment, according to grantee estimates.
“President Biden is committed to supporting communities as they build a better America,” said Secretary of Commerce Gina Raimondo. “This EDA investment will facilitate the expansion of the region’s manufacturing and industrial sectors to create new economic opportunities and jobs for local citizens.”
“The Economic Development Administration is pleased to support the city of West Branch as it seeks to diversify the region’s economy,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This project will bring new job opportunities and private investment that will help build resiliency to future economic disruptions for decades to come.”
“This $1.5 million investment from the EDA is a win for the city of West Branch,” said Governor Gretchen Whitmer. “It will create and support 80 jobs, support economic growth, and improve water service for residents and businesses. These funds will help build on our ongoing economic momentum and help us keep moving Michigan forward.”
“Water infrastructure upgrades are critical to the health of our communities,” said Senator Gary Peters. “I’m pleased to welcome this federal investment that will strengthen our local economy 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.
Leave A Comment?
You must be logged in to post a comment.