April 26, 2022

EDA: $1 Million Invested for Critical Infrastructure to Support Business Growth in Guymon, OK

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the city of Guymon, Oklahoma, to expand and improve the wastewater system at its industrial park.

This investment will support the expansion of existing businesses and attract others to the city’s industrial park. The EDA investment will be matched with $2.6 million in local funds, is expected to create 60 jobs, and generate $100 million in private investment.

“President Biden is committed to supporting communities across the country as they work to Build a Better America,” said Secretary of Commerce Gina M. Raimondo. “This EDA investment in the city of Guymon will support new and existing business growth, creating a more diverse, robust regional economy.”

“The Economic Development Administration supports locally-driven, strategic economic investments,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This project will provide critical infrastructure to support business development, bringing good-paying jobs to the community.”

“I am glad to see these strategic economic developments invested in Guymon, Oklahoma,” said Governor Kevin Stitt. “We are thankful for the EDA’s investment, which will be met with local funds, resulting in more jobs and economic expansion in western Oklahoma.”

“Investing in Oklahoma’s communities ensures the creation of jobs and greater growth opportunities for businesses. I’m pleased the city of Guymon is receiving this award, which will help improve critical infrastructure and allow for continued economic development in the Oklahoma Panhandle,” said Congressman Frank Lucas (OK-03). “The Oklahoma Panhandle is an important region to our state’s economy, and I thank the Economic Development Administration and Guymon’s community leaders for their continued investment in Western Oklahoma.”

This project was made possible by the regional planning efforts led by the Oklahoma Economic Development Authority (OEDA). EDA funds OEDA 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.

This post was originally published here.